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The principal amount of the NCDs to be issued together with all interest due and payable on the NCDs, thereof shall be secured by a first and exclusive charge by way of hypothecation of identified assets of the Company, created in favour of the Debenture Trustee, as specifically set out in and fully described in the Debenture Trust Deed, such that a security cover to the extent of at least 110% of the outstanding principal amounts of NCDs and all interest due and payable thereon in respect of the NCDs maintained at all times as security until the Final Settlement Date, issued pursuant to the Issue. The NCDs proposed to be issued shall rank pari passu without preference of one over the other except that priority for payment shall be as per applicable date of redemption / repayment. |
| Issue Details |
| Issue Open |
08-Feb-2024-21-Feb-2024 |
| Security Name |
Ugro Capital Ltd |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
100 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 100 Crores Aggregating To Rs. 200 Crores. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
IND A/Stable by IRRPL. |
| Tenor |
18 Months,24 Months,27 Months |
| Series |
Series1,Series2,Series3,Series4,Series5 |
| Payment Frequency |
Monthly,Yearly,Quarterly |
| Objects of the Issue: |
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PUBLIC ISSUE BY OUR COMPANY OF UPTO 20,00,000 SECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF Rs. 1,000 EACH ("NCDS") FOR AN AMOUNT UP TO Rs. 100 CRORES ("BASE ISSUE SIZE") WITH AN OPTION TO RETAIN OVERSUBSCRIPTION UP TO Rs. 100 CRORES ("GREEN SHOE OPTION"), FOR AN AGGREGATE AMOUNT OF UP TO Rs. 200 LAKH ("ISSUE SIZE" OR "ISSUE LIMIT"). |
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| Company Promoters |
| Poshika Advisory Services LLP |
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| Lead Managers |
| 1. JM Financial Limited |
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| Registrar to the Issue |
| 1. LINK INTIME INDIA PRIVATE LIMITED |
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