Ugro Capital Limited — Updates, 03-04-2025: Press Release

UGRO Capital Limited has opened a public issue of secured, rated, listed, redeemable, non-convertible debentures (Secured NCDs) with a face value of ₹1,000 each. The issue has a base size of ₹10,000 lakh and the option for oversubscription up to ₹10,000 lakh, totaling ₹20,000 lakh. The NCDs are rated "IND A+/Stable" by India Ratings, indicating an adequate safety level for timely servicing of financial obligations. Investors can expect an effective annualized yield of up to 11.01% per annum, with interest payment frequencies varying across different series, some offering monthly payments. At least 75% of the net proceeds will be used for lending and financing activities, while up to 25% may be allocated for general corporate purposes. As of December 31, 2024, UGRO Capital's asset under management (AUM) stood at ₹11,06,656.73 lakh, reflecting substantial growth from previous years. The debentures will be listed on BSE and NSE, signaling a strategic move to enhance liquidity for investors.