·         Secured NCDs of a Face Value (“Face Value”) of Rs. 1,000/- each.

·         The NCD Issue includes a Base Issue Size of Rs.50 crores with an option to retain oversubscription up to Rs 50 crore aggregating up to Rs. 100 crores.

·         Rated as CRISIL A-/Stable by Crisil Ratings Limited and Acuite A+/Stable by Acuite Ratings and Research Limited.

·         Effective annualized yield up to 11.01% p.a.#

·         The Issue opens on September 05, 2022 and closes on September 22, 2022*

·          The NCDs are proposed to be listed on BSE and National Stock Exchange of India Limited (‘NSE’) (collectively, “Stock Exchanges”).

MUMBAI, SEPTEMBER 02, 2022 (GPN): U GRO Capital Limited, NBFC engaged in the lending business and focused on the MSME sector in India, has announced the issue of Rated, Secured, Senior, Listed, Transferable, Redeemable, Non-Convertible Debentures of the face value of Rs. 1,000/- each. The Issue opens on September 05, 2022 and closes on September 22, 2022.

The Issue has a base issue size of Rs. 50 crores with an option to retain oversubscription up to Rs 50 crores, aggregating up to Rs. 100 crores. The NCDs are proposed to be listed on Stock Exchanges with NSE as the Designated Stock Exchange for the Issue. The NCDs have been rated CRISIL A-/Stable by CRISIL Ratings Ltd. and Acuite A+/Stable by Acuite Ratings and Research Limited.

This issue has tenure of 18 months, 27 months, and 36 months for secured NCDs with the series I, II, III. Effective yield (per annum) for NCD holders in Category I (Institutional Investors), Category II (Non-Institutional Investors) Category III (HNI Investors) and Category IV (Retail Individual Investors) holders ranges from 10.52% to 11.01%. Interest payments modes are Quarterly and Monthly. Amount on maturity for NCD holders in Category I, II, III and IV is Rs 1000/-.

Net proceeds of the Issue will be utilized for the purpose of onward lending, repayment of interest and principal of existing borrowings and for general corporate purposes or general corporate purposes.

As on June 30, 2022 its CRAR, in accordance with the Financial Statements was at 27.93%

The terms of each series of Secured NCDs, offered under Issue are set out below:

Series	I	II	III *
Frequency of Interest Payment	Quarterly	Quarterly	Monthly
Minimum Application	₹ 10,000 (10 NCDs) across all Series
Face Value/ Issue Price of NCDs (₹/ NCD)	1,000/-	1,000/-	1,000/-
In Multiples of thereafter (₹)	₹ 1000/- (1 NCD)
Tenor	18 Months	27 Months	36 Months
Coupon (% per annum) for NCD Holders in Category I, II, III	10.15%	10.35%	10.50%
Effective Yield (per annum) for NCD Holders in Category I, II, III & IV	10.52%	10.74%	11.01%
Mode of Interest Payment	Through various modes available
Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III & IV	1,000/-	1,000/-	1,000/-
Maturity / Redemption Date (Months from the Deemed Date of Allotment)	Date occurring on expiry of 18 (Eighteen) months from the Deemed Date of Allotment	Date occurring on expiry of 27 (Twenty Seven) months from the Deemed Date of Allotment	Date occurring on expiry of 36 (Thirty Six) months from the Deemed Date of Allotment
Put and Call Option	NA	NA	NA

* Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

The Lead Managers to the Issue are Sundae Capital Advisors Private Limited and Tipsons Consultancy Services Private Limited; Link Intime India Private Limited is the registrar and IDBI Trusteeship Services Limited is the debenture trustee to the issue.Ends

About U GRO Capital Ltd:

U GRO Capital Limited is a Data Tech Lending platform, listed on NSE and BSE. Pursuing its mission of “Solving the Unsolved” for small business credit gap in India, on the back of its formidable distribution reach and its Data-tech approach. (NSE: UGROCAP I BSE: 511742).

Company’s prowess of Data Analytics and strong Technology architecture allows for customized sourcing platforms for each sourcing channel. GRO Plus module which has uberized intermediated sourcing, GRO Chain, a supply chain financing platform with automated end to end approval and flow of invoices, GRO Xstream platform for co-lending, an upstream and downstream integration with fintechs and liability providers and GRO X application to deliver embedded financing option to MSMEs.

The credit scoring model GRO Score (2.0) a statistical framework using AI / ML driven statistical model to risk rank customers is revolutionizing the MSME credit by providing on-tap financing like consumer financing in India.

U GRO has pioneered the “Lending as a Service” (LaaS) model in India and has effectively operationalized Co-lending relationship with 10+ Large Public Sector Banks and large NBFCs and built a sizeable LaaS book of more than 20% of its AUM through the GRO Xstream platform.

Company is backed by marquee Private Equity funds and family offices (raised INR 900+ Cr of equity capital in 2018) and aims to capture 1% market share and cross INR 20,000 crore of AUM by FY25.