The issue has a base issue size of Rs 100 crore with an option to retain oversubscription up to Rs 100 crore, aggregating up to Rs 200 crore. The NCDs are proposed to be listed on the stock exchanges and NSE is the designated stock exchange for the issue. The NCDs have been rated "IND A/Stable" by India Ratings & Research.

This issue has tenor of 18 months, 24 months, and 27 months for secured NCDs. Effective yield (% per annum) for NCD holders in all categories ranges from 10.72% to 11.03%.

Redemption amount (Rs / NCD) on maturity for NCD holders in all categories range is Rs 1000 and for Series III it is through staggered redemption in eight quarterly payments of Rs 125 each, starting from 1st quarter from the deemed date of allotment until maturity.

At least 75% of the net proceeds of the issue shall be utilized for the purpose of onward lending and financing business of the company in ordinary course of business (including for repayment / refinance of existing borrowings) and not exceeding 25% shall be used for general corporate purposes.

As on 31 March 2023 its CRAR, in accordance with the Audited Financial Results was at 20.23% and for the nine months period ended December 31, 2023 stood at 22.27%.

UGRO Capital is a non-deposit taking NBFC registered with the RBI and listed on NSE and BSE. It specializes in lending to the SME and MSME sectors, focusing on various segments including healthcare, education, chemicals, and hospitality. The company serves a diverse customer base, with branches categorized as prime and micro branches based on city type and customer turnover. About 73% of its AUM consists of secured/quasi-secured lending.

UGRO's AUM has grown from Rs 1316.87 crore as at 31 March 2021 and Rs 2969.80 crores as at 31 March 2022 to Rs 6080.71 crore as at 31 March 2023. As of 31 December 2023, our AUM is at Rs 8363.76 crore. Across the offered products, as on December 31, 2023, the average ticket size stood at Rs 16.19 lakh and its average lending rate stood at 16.3% per annum.