{"id":3823,"date":"2022-04-07T11:54:03","date_gmt":"2022-04-07T11:54:03","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=3823"},"modified":"2026-02-26T12:44:44","modified_gmt":"2026-02-26T12:44:44","slug":"u-gro-capital-ncd-ipo-april-2022-should-you-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/","title":{"rendered":"U GRO Capital NCD IPO \u2013 April 2022, Should you invest?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Bond_overview\" >Bond overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#INVEST_NOW\" >INVEST NOW<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#_Coupon_rates_and_effective_yield_for_each_of_the_series\" >\u00a0Coupon rates and effective yield for each of the series<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Allocation_Ratio\" >Allocation Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Investment_Process_for_U_GRO_Capital_NCD_IPO\" >Investment Process for U GRO Capital NCD IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Issue_analysis\" >Issue analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\" >To get better returns than Bank FDs, invest in NCD-IPOs online.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#About_U_GRO_Capital\" >About U GRO Capital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Financial_Overview\" >Financial Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Cash_flow_for_last_5_years\" >Cash flow for last 5 years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Ratio_Analysis\" >Ratio Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Key_Highlights\" >Key Highlights<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Strengths\" >Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Weakness\" >Weakness<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#Invest_in_Bond_IPO_online_in_just_5_minutes\" >Invest in Bond IPO online in just 5 minutes<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Bond_overview\"><\/span><b>Bond overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">U GRO Capital<\/span> <span style=\"font-weight: 400;\">is issuing the Non-Convertable Debentures. These NCDs are A+\/Stable by ACUITE. The NCDs are being issued in three series: coupon ranges from 10% to 10.40% p.a. and different tenures of 1.5 years, 2 years, and 3 years. The NCDs are secured and redeemable in nature<\/span><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3826\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104350\/Issuer-1024x590.png\" alt=\"Bond Overview for U GRO Capital NCD IPO\" width=\"631\" height=\"364\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104350\/Issuer-1024x590.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104350\/Issuer-300x173.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104350\/Issuer-768x443.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104350\/Issuer-1536x885.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104350\/Issuer-1170x674.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104350\/Issuer-585x337.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104350\/Issuer.png 1822w\" sizes=\"(max-width: 631px) 100vw, 631px\" \/><\/p>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"INVEST_NOW\"><\/span><span style=\"color: #004f98;\"><strong><a style=\"color: #004f98;\" href=\"https:\/\/goldenpi.com\/bonds\/GPID101323\/u-gro-capital-limited-104-bond-yield?utm_source=blog&amp;utm_medium=blog&amp;utm_campaign=ugro_april22\">INVEST NOW<\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"_Coupon_rates_and_effective_yield_for_each_of_the_series\"><\/span><b>\u00a0Coupon rates and effective yield for each of the series<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Allocation_Ratio\"><\/span><img decoding=\"async\" class=\"aligncenter wp-image-3865\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/08042520\/Screenshot-2022-04-08-at-9.54.19-AM-1024x197.png\" alt=\"Coupon rates and effective yield\" width=\"599\" height=\"115\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/08042520\/Screenshot-2022-04-08-at-9.54.19-AM-1024x197.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/08042520\/Screenshot-2022-04-08-at-9.54.19-AM-300x58.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/08042520\/Screenshot-2022-04-08-at-9.54.19-AM-768x148.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/08042520\/Screenshot-2022-04-08-at-9.54.19-AM-1536x295.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/08042520\/Screenshot-2022-04-08-at-9.54.19-AM-1170x225.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/08042520\/Screenshot-2022-04-08-at-9.54.19-AM-585x112.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/08042520\/Screenshot-2022-04-08-at-9.54.19-AM.png 1738w\" sizes=\"(max-width: 599px) 100vw, 599px\" \/><strong>Allocation Ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The allocation ratio is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by SEBI.\u00a0 Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio for U GRO Capital NCD-IPO. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3828\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104605\/Alocation-ratio-1024x624.png\" alt=\"Allocation Ratio for U GRO Capital NCD IPO\" width=\"489\" height=\"298\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104605\/Alocation-ratio-1024x624.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104605\/Alocation-ratio-300x183.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104605\/Alocation-ratio-768x468.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104605\/Alocation-ratio-1170x713.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104605\/Alocation-ratio-585x356.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104605\/Alocation-ratio.png 1310w\" sizes=\"(max-width: 489px) 100vw, 489px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Process_for_U_GRO_Capital_NCD_IPO\"><\/span><b>Investment Process for U GRO Capital NCD IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can invest in IPOs via GoldenPi in 3 easy steps.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>If the investment amount is less than &amp; up to 10 lakhs<\/strong>, retail investors can apply for an IPO online.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3829\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104725\/IPO-1-1-1024x512.jpeg\" alt=\"Investment amount is less than &amp; up to 10 lakhs\" width=\"579\" height=\"290\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104725\/IPO-1-1-1024x512.jpeg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104725\/IPO-1-1-300x150.jpeg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104725\/IPO-1-1-768x384.jpeg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104725\/IPO-1-1-1536x768.jpeg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104725\/IPO-1-1-1170x585.jpeg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104725\/IPO-1-1-1920x960.jpeg 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104725\/IPO-1-1-585x292.jpeg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104725\/IPO-1-1.jpeg 2027w\" sizes=\"(max-width: 579px) 100vw, 579px\" \/><\/p>\n<p><b><i>If the investment amount is more than 10 Lakhs. <\/i><\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3830\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104808\/More-than-10-lakhs-1-1-1024x512.jpeg\" alt=\"Investment amount is more than 10 Lakhs\" width=\"585\" height=\"292\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104808\/More-than-10-lakhs-1-1-1024x512.jpeg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104808\/More-than-10-lakhs-1-1-300x150.jpeg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104808\/More-than-10-lakhs-1-1-768x384.jpeg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104808\/More-than-10-lakhs-1-1-1536x768.jpeg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104808\/More-than-10-lakhs-1-1-1170x585.jpeg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104808\/More-than-10-lakhs-1-1-1920x960.jpeg 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104808\/More-than-10-lakhs-1-1-585x292.jpeg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07104808\/More-than-10-lakhs-1-1.jpeg 2027w\" sizes=\"(max-width: 585px) 100vw, 585px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_analysis\"><\/span><strong>Issue analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong><span style=\"color: #339966;\">Pros\u00a0<\/span><\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCD is A+ rated security with a stable outlook.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The coupon rate is between 10% to 10.90% p.a\u00a0 which is much higher than FDs.<\/span><\/li>\n<\/ul>\n<p><strong><span style=\"color: #ff0000;\">Cons\u00a0<\/span><\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt to Equity ratio has been increasing indicating that the company is more dependent on debt financing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Net NPA has been increasing at a higher pace.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\"><\/span><span style=\"color: #004f98;\"><strong><a style=\"color: #004f98;\" href=\"https:\/\/goldenpi.com\/bond-better-return-fds?utm_source=blog&amp;utm_medium=blog&amp;utm_campaign=ugro_april22\">To get better returns than Bank FDs, invest in NCD-IPOs online.<\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_U_GRO_Capital\"><\/span><b>About U GRO Capital<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Formerly known as Chokhani Securities, U GRO Capital Limited is a publicly listed NBFC. It provides debt financing to MSMEs <\/span><span style=\"font-weight: 400;\">(Micro, Small and Medium Enterprises) and Indian consumers. It was established in 1993. <\/span><span style=\"font-weight: 400;\">The company aims to fulfill the credit needs of Small businesses of US$ 600 bn.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><b>Financial Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Chart stating the Revenue, Expenses, EBIT, Net Worth and PAT<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3831\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105042\/Financial-performance-1024x475.png\" alt=\"Financial Overview for U GRO Capital NCD IPO\" width=\"649\" height=\"301\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105042\/Financial-performance-1024x475.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105042\/Financial-performance-300x139.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105042\/Financial-performance-768x356.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105042\/Financial-performance-1536x712.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105042\/Financial-performance-1170x543.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105042\/Financial-performance-585x271.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105042\/Financial-performance.png 1872w\" sizes=\"(max-width: 649px) 100vw, 649px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cash_flow_for_last_5_years\"><\/span><b>Cash flow for last 5 years<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3832\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105123\/Cashflow-for-5-years-1024x269.png\" alt=\"Cash Flow for U GRO Capital NCD IPO\" width=\"670\" height=\"176\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105123\/Cashflow-for-5-years-1024x269.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105123\/Cashflow-for-5-years-300x79.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105123\/Cashflow-for-5-years-768x202.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105123\/Cashflow-for-5-years-1536x403.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105123\/Cashflow-for-5-years-1170x307.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105123\/Cashflow-for-5-years-585x154.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105123\/Cashflow-for-5-years.png 1546w\" sizes=\"(max-width: 670px) 100vw, 670px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">*Cash flow from operating activities reflects the amount a company generates through its product of services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">**Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects <\/span><span style=\"font-weight: 400;\">the net flows of cash that are used to fund the company.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ratio_Analysis\"><\/span><b>Ratio Analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3833\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105816\/Screenshot-2022-04-07-at-2.56.46-PM-1024x552.jpg\" alt=\"Ratio Analysis for U GRO Capital NCD IPO\" width=\"669\" height=\"360\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105816\/Screenshot-2022-04-07-at-2.56.46-PM-1024x552.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105816\/Screenshot-2022-04-07-at-2.56.46-PM-300x162.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105816\/Screenshot-2022-04-07-at-2.56.46-PM-768x414.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105816\/Screenshot-2022-04-07-at-2.56.46-PM-1536x828.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105816\/Screenshot-2022-04-07-at-2.56.46-PM-1170x631.jpg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105816\/Screenshot-2022-04-07-at-2.56.46-PM-1920x1035.jpg 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105816\/Screenshot-2022-04-07-at-2.56.46-PM-585x315.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/07105816\/Screenshot-2022-04-07-at-2.56.46-PM.jpg 2000w\" sizes=\"(max-width: 669px) 100vw, 669px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Highlights\"><\/span><b>Key Highlights<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Financial year 2021<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Asset Under Management- Rs. 2589 Cr<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Net Worth- Rs 959.08 Cr<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customers- 16,594<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Branches- 82<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employees- 944<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Management team supported by marquee investors. The investor committee includes ADV Partners, NEWQUEST Capital Partners, PAG, Samena Capital, PNB Metlife.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">U GRO\u2019s business model is based on technological development.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increase in Asset Under management.<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Weakness\"><\/span><b>Weakness<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Negative Cash flow.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Low Profitability.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Invest_in_Bond_IPO_online_in_just_5_minutes\"><\/span><span style=\"color: #004f98;\"><a style=\"color: #004f98;\" href=\"https:\/\/goldenpi.com\/bond-ipo-online?utm_source=blog&amp;utm_medium=blog&amp;utm_campaign=ugro_april22\">Invest in Bond IPO online in just 5 minutes<\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"footable_parent_7811\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <div class=\"pcrstb-wrap\"><table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"7811\" data-filter-delay=\"1000\" aria-label=\"IPO Table - UGRO.csv\"            id=\"footable_7811\"\n           data-unique_identifier=\"ninja_table_unique_id_3799012855_7811\"\n           class=\" foo-table ninja_footable foo_table_7811 ninja_table_unique_id_3799012855_7811 ui table  nt_type_legacy_table selectable striped vertical_centered  footable-paging-right ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                            <col class=\"ninja_column_3 \">\n                            <col class=\"ninja_column_4 \">\n                            <col class=\"ninja_column_5 \">\n                            <col class=\"ninja_column_6 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                                                                                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_details \">Details <\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_maximumyield \">Maximum yield<\/th><th scope=\"col\"  class=\"ninja_column_2 ninja_clmn_nm_overallissuesize \">Overall Issue Size\t<\/th><th scope=\"col\"  class=\"ninja_column_3 ninja_clmn_nm_creditrating \">Credit Rating<\/th><th scope=\"col\"  class=\"ninja_column_4 ninja_clmn_nm_startdate \">Start Date<\/th><th scope=\"col\"  class=\"ninja_column_5 ninja_clmn_nm_closingdate \">Closing Date<\/th><th scope=\"col\"  class=\"ninja_column_6 ninja_clmn_nm_formoredetails \">For more details<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"117\" class=\"ninja_table_row_0 nt_row_id_117\">\n            <td>U GRO Capital NCD IPO September 2022<\/td><td>10.50%<\/td><td>50 cr<\/td><td>ACUITE A+ Stable \/ CRIISIL A- Stable <\/td><td>September 5, 2022<\/td><td>September 22, 2022<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-september-2022-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"116\" class=\"ninja_table_row_1 nt_row_id_116\">\n            <td>U GRO NCD IPO April 2022<\/td><td>10.90%<\/td><td>50 cr<\/td><td>ACUITE A+ (Stable)<\/td><td>April 7, 2022<\/td><td>May 6, 2022<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table><\/div>\n    \n    \n    \n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Bond overview U GRO Capital is issuing the Non-Convertable Debentures. These NCDs are A+\/Stable by ACUITE. The NCDs are being issued in&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[162],"tags":[],"class_list":["post-3823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-gro"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U GRO Capital NCD IPO \u2013 April 2022, Should you invest?<\/title>\n<meta name=\"description\" content=\"Should you invest in U GRO Capital NCD IPO \u2013 April 2022? Read our U GRO Capital NCD review to understand its investment potential and key details.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U GRO Capital NCD IPO \u2013 April 2022, Should you invest?\" \/>\n<meta property=\"og:description\" content=\"Should you invest in U GRO Capital NCD IPO \u2013 April 2022? Read our U GRO Capital NCD review to understand its investment potential and key details.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/\" \/>\n<meta property=\"og:site_name\" content=\"GoldenPi | Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goldenpitech\" \/>\n<meta property=\"article:author\" content=\"goldenpitech\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-07T11:54:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-26T12:44:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/26124428\/U-GRO-Capital-NCD-IPO-%E2%80%93-Should-You-Invest_-April-2022.png\" \/>\n\t<meta property=\"og:image:width\" content=\"731\" \/>\n\t<meta property=\"og:image:height\" content=\"347\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Abhijit Roy, CEO &amp; CO-Founder - GoldenPi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GoldenPiTech\" \/>\n<meta name=\"twitter:site\" content=\"@GoldenPiTech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abhijit Roy, CEO &amp; CO-Founder - GoldenPi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/\",\"url\":\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/\",\"name\":\"U GRO Capital NCD IPO \u2013 April 2022, Should you invest?\",\"isPartOf\":{\"@id\":\"https:\/\/goldenpi.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/26124428\/U-GRO-Capital-NCD-IPO-%E2%80%93-Should-You-Invest_-April-2022.png\",\"datePublished\":\"2022-04-07T11:54:03+00:00\",\"dateModified\":\"2026-02-26T12:44:44+00:00\",\"author\":{\"@id\":\"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/7b7afc706617dbf29357675946045722\"},\"description\":\"Should you invest in U GRO Capital NCD IPO \u2013 April 2022? Read our U GRO Capital NCD review to understand its investment potential and key details.\",\"breadcrumb\":{\"@id\":\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#primaryimage\",\"url\":\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/26124428\/U-GRO-Capital-NCD-IPO-%E2%80%93-Should-You-Invest_-April-2022.png\",\"contentUrl\":\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/26124428\/U-GRO-Capital-NCD-IPO-%E2%80%93-Should-You-Invest_-April-2022.png\",\"width\":731,\"height\":347,\"caption\":\"U GRO Capital NCD IPO April 2022\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/goldenpi.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"U GRO Capital NCD IPO \u2013 April 2022, Should you invest?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/goldenpi.com\/blog\/#website\",\"url\":\"https:\/\/goldenpi.com\/blog\/\",\"name\":\"GoldenPi | Blogs\",\"description\":\"All about bonds online in India\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/goldenpi.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/7b7afc706617dbf29357675946045722\",\"name\":\"Abhijit Roy, CEO &amp; CO-Founder - GoldenPi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=https%3A%2F%2Fd2zny4996dl67j.cloudfront.net%2Fblogs%2Fwp-content%2Fuploads%2F2026%2F01%2F12111941%2FAbhijit-512x512-1-1-150x150.png&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=https%3A%2F%2Fd2zny4996dl67j.cloudfront.net%2Fblogs%2Fwp-content%2Fuploads%2F2026%2F01%2F12111941%2FAbhijit-512x512-1-1-150x150.png&r=g\",\"caption\":\"Abhijit Roy, CEO &amp; CO-Founder - GoldenPi\"},\"description\":\"With over 15 years of experience across fixed income and debt markets, he brings deep domain expertise along with a strong focus on investor education and transparency. An alumnus of IIT Kharagpur and IIM Calcutta, his views are personal and should not be considered investment advice.\",\"sameAs\":[\"goldenpitech\",\"https:\/\/www.linkedin.com\/company\/goldenpi\/\",\"https:\/\/x.com\/GoldenPiTech\"],\"url\":\"https:\/\/goldenpi.com\/blog\/author\/goldenpi\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U GRO Capital NCD IPO \u2013 April 2022, Should you invest?","description":"Should you invest in U GRO Capital NCD IPO \u2013 April 2022? Read our U GRO Capital NCD review to understand its investment potential and key details.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/","og_locale":"en_US","og_type":"article","og_title":"U GRO Capital NCD IPO \u2013 April 2022, Should you invest?","og_description":"Should you invest in U GRO Capital NCD IPO \u2013 April 2022? Read our U GRO Capital NCD review to understand its investment potential and key details.","og_url":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/","og_site_name":"GoldenPi | Blogs","article_publisher":"https:\/\/www.facebook.com\/goldenpitech","article_author":"goldenpitech","article_published_time":"2022-04-07T11:54:03+00:00","article_modified_time":"2026-02-26T12:44:44+00:00","og_image":[{"width":731,"height":347,"url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/26124428\/U-GRO-Capital-NCD-IPO-%E2%80%93-Should-You-Invest_-April-2022.png","type":"image\/png"}],"author":"Abhijit Roy, CEO &amp; CO-Founder - GoldenPi","twitter_card":"summary_large_image","twitter_creator":"@GoldenPiTech","twitter_site":"@GoldenPiTech","twitter_misc":{"Written by":"Abhijit Roy, CEO &amp; CO-Founder - GoldenPi","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/","url":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/","name":"U GRO Capital NCD IPO \u2013 April 2022, Should you invest?","isPartOf":{"@id":"https:\/\/goldenpi.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#primaryimage"},"image":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#primaryimage"},"thumbnailUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/26124428\/U-GRO-Capital-NCD-IPO-%E2%80%93-Should-You-Invest_-April-2022.png","datePublished":"2022-04-07T11:54:03+00:00","dateModified":"2026-02-26T12:44:44+00:00","author":{"@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/7b7afc706617dbf29357675946045722"},"description":"Should you invest in U GRO Capital NCD IPO \u2013 April 2022? Read our U GRO Capital NCD review to understand its investment potential and key details.","breadcrumb":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#primaryimage","url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/26124428\/U-GRO-Capital-NCD-IPO-%E2%80%93-Should-You-Invest_-April-2022.png","contentUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/04\/26124428\/U-GRO-Capital-NCD-IPO-%E2%80%93-Should-You-Invest_-April-2022.png","width":731,"height":347,"caption":"U GRO Capital NCD IPO April 2022"},{"@type":"BreadcrumbList","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/u-gro\/u-gro-capital-ncd-ipo-april-2022-should-you-invest\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/goldenpi.com\/blog\/"},{"@type":"ListItem","position":2,"name":"U GRO Capital NCD IPO \u2013 April 2022, Should you invest?"}]},{"@type":"WebSite","@id":"https:\/\/goldenpi.com\/blog\/#website","url":"https:\/\/goldenpi.com\/blog\/","name":"GoldenPi | Blogs","description":"All about bonds online in India","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/goldenpi.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/7b7afc706617dbf29357675946045722","name":"Abhijit Roy, CEO &amp; CO-Founder - GoldenPi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=https%3A%2F%2Fd2zny4996dl67j.cloudfront.net%2Fblogs%2Fwp-content%2Fuploads%2F2026%2F01%2F12111941%2FAbhijit-512x512-1-1-150x150.png&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=https%3A%2F%2Fd2zny4996dl67j.cloudfront.net%2Fblogs%2Fwp-content%2Fuploads%2F2026%2F01%2F12111941%2FAbhijit-512x512-1-1-150x150.png&r=g","caption":"Abhijit Roy, CEO &amp; CO-Founder - GoldenPi"},"description":"With over 15 years of experience across fixed income and debt markets, he brings deep domain expertise along with a strong focus on investor education and transparency. An alumnus of IIT Kharagpur and IIM Calcutta, his views are personal and should not be considered investment advice.","sameAs":["goldenpitech","https:\/\/www.linkedin.com\/company\/goldenpi\/","https:\/\/x.com\/GoldenPiTech"],"url":"https:\/\/goldenpi.com\/blog\/author\/goldenpi\/"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/3823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/comments?post=3823"}],"version-history":[{"count":19,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/3823\/revisions"}],"predecessor-version":[{"id":7814,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/3823\/revisions\/7814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/media\/12265"}],"wp:attachment":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/media?parent=3823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/categories?post=3823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/tags?post=3823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}