Opening Date
10 Oct 2024
Closing Date
18 Oct 2024
Yield
Upto 10.91%
Tenure
Upto 30 Months
Ongoing IPO
Opening Date
10 Oct 2024
Closing Date
18 Oct 2024
Time to close
Yield
Upto 10.91%
Tenure
Upto 30 Months
| Issue Size (Including Green Shoe Option) | 200 | ||
| Face Value | 1000 | ||
| Coupon | Upto 10.40% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 28 Oct 2024 | ||
| Listing Date (Tentative) | 30 Oct 2024 | ||
| Exchange Bid Time (24 Hours) | 10:00 to 17:00 | ||
Documents attached
*Allotment on first come first serve basis
Series | I | II | III |
Nature Of NCDs | Secured Reedemable Non Convirtible Debenture | ||
Who Can Apply | Everyone | ||
Tenure | 18 Months | 24 Months | 30 Months |
Frequency of Interest payment | MONTHLY | MONTHLY | MONTHLY |
Best Coupon Rate (% p.a.) for: | |||
Category 1 | 10.15 % | 10.25 % | 10.40 % |
Category 2 | 10.15 % | 10.25 % | 10.40 % |
Category 3 | 10.15 % | 10.25 % | 10.40 % |
Category 4 | 10.15 % | 10.25 % | 10.40 % |
Effective Yield (% p.a.) for: | |||
Category 1 | 10.64 % | 10.75 % | 10.91 % |
Category 2 | 10.64 % | 10.75 % | 10.91 % |
Category 3 | 10.64 % | 10.75 % | 10.91 % |
Category 4 | 10.64 % | 10.75 % | 10.91 % |
Application process on BondsIndia platform is simple and seamless.
•Click on the details of the company on the home page
•Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank and Demat details
•Then, confirm the quantity and price and select payment method.
•That's all folks , bidding complete!
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.
BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Edelweiss Financial Services Limited IPO on BondsIndia's website.
Place your bid in three simple steps:
Key in Basic Details
Choose the IPO Series
Place the bid
Application process on BondsIndia platform is simple and seamless.
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
UGRO erstwhile Chokhani Securities Limited was acquired in 2018 by Shachindra Nath Vice Chairman and Managing Director. UGRO focuses on lending to MSMEs by offering them multiple products with varying tenors and ticket sizes. The company operates through 164 branches 23 prime and 141 micro, with a wide geographic presence. The AUM of the entity own and managed stood at INR92.2 billion at end1QFY25, with the off book volumes constituting 45% of the overall AUM split almost evenly between co lending & direct assignment and co-origination. UGRO is a publicly listed entity on both the National Stock Exchange of India Limited and BSE Limited.
Strong Growth in Franchise:
UGROs AUM grew multifold to INR 92.2billion at end1QFY25 from INR13.2 billion at end FY21, largely driven by its off book AUM, which grew to INR 40.8 billion from just INR0.11 billion over the same period. The on book AUM too grew by a strong CAGR of nearly 56% during the same period. UGRO has 12 co lending and coorigination partnerships, of which six are public sector banks. It also has a partnership with fintech companies, which act as business correspondent partners for the company.
Adequate Capital Buffers:
UGRO has a demonstrated track record of capital raising. The company has approved capital raise of INR12.7 billion through compulsory convertible debt CCD and warrant issuance of INR 2.58 billion and INR 10.07 billion, respectively. This was in addition to INR3.4 billion raised in 1QFY24. While INR5.10 billion of the total capital raise of INR12.7 billion was exercised in 1QFY25, the rest will come in over 18 months from the issuance date.
Enablers in Place to Drive Franchise Expansion:
UGRO has invested in technology infrastructure, data analytics, human resources and systems and processes to expand its franchisee over the near to medium term. It follows a blend of physical and digital framework for sourcing, underwriting, disbursements and collections.
Limited Track Record: Asset Quality Seasoning Needs to be Established:
UGRO began operations in 2018 and has built an AUM of INR90.4 billion since then. While UGROu2019s portfolio has been witnessing strong growth, the franchise size remains at a medium level. Also, the seasoning in the portfolio is low, as nearly 62% of AUM was generated in the 12 months ended June 2024.
Moderate Profitability, but Improvement Likely Once Operational Leverage Picks up:
UGRO has been profitable since its first year of operations, although its profitability during FY20-FY21 was aided by tax write-backs. The entity has been reporting a positive profit before tax, though it has been at modest levels due to high operating costs.
Running out of
time? Loop!
BondsIndia is a brand name of Launchpad Fintech Private Limited, an e-business platform for Fixed Income securities that uses technology as a means to provide quality & real-time financial solutions to users.
View Application Status