Project Detail

Project Overview

1) Overview

As this investment is based on a Mudaraba contract concerning the ownership of Grow Up Agro Mart, emergency exits will not be allowed. The ownership agreement will be duly notarized and stamped with a value of BDT 300, along with formal documentation confirming each investor’s shareholding position.

Once the Agro Mart begins operations smoothly, we will manage all aspects of the business, including the sale of agricultural products and the distribution of profits among shareholders.

Please note that the principal investment amount is non-refundable for a period of three (3) years. However, profit distributions may begin after the completion of one (1) year, depending on the business’s performance and earnings.

2) Duration of Investment

The total investment amount will be - 3,85,40,000 Tk

Although the investment is intended for a lifetime, shareholders will not be permitted to sell or transfer their shares to others within the first three (3) years from the date of execution of the agreement. After this period, shareholders may choose to sell their ownership either to Grow Up authority or to a third party.

It is important to note that Grow Up authority will hold the right of first refusal, meaning they will have priority as the first buyer during any transfer of shares. In such cases, the authority will be obligated to purchase the shares at the prevailing market price.

3) Projected ROI (Return on Investment)

The return on investment (ROI) is expected to be up to 38% annually (excluding service charges). This project is based on a Mudaraba model, ensuring Shariah-compliant profit-sharing between investors and project operators.

4) Value of Share

The value of shares will appreciate over time, and any sale or transfer will be based on the current market value at the time of transaction.

5) Investment Part

The minimum investment required is BDT 2,05,000, which represents ownership of 10.5 square feet of the Grow Up Agro Mart. Investors will be entitled to receive a halal dividend annually, based on the business's performance.

After a period of three years, the official value of the shop is projected to increase up to four times compared to its current value, depending on market conditions and business growth.

6) Service Charge

It should be noted that all the return on investment (ROI) figures mentioned above are calculated after deducting the applicable service charges. This ensures transparency in profit distribution and clarity for all investors regarding their net earnings.

7) Contract Conditions 

Investors and shareholders will enter into a Mudaraba Agreement with the GrowUp Special Project concerning partial ownership of GrowUp Agro Mart. Under this agreement, investors will purchase shares in their name and benefit from the commercial operations of the Agro Mart. This includes receiving annual halal dividends from the sale of agricultural products, enjoying the long-term appreciation of share value, and participating in a transparent profit-sharing model.

As an added benefit, each shareholder will receive a 5% discount on all agricultural products purchased through GrowUp Agro Mart.

The total number of shares is limited to 500, with GrowUp AgroTech retaining 51% ownership to ensure full managerial control and operational efficiency. The remaining 49% of shares are available for public investment on a first-come, first-served basis.

Please note:
GrowUp Agro Mart will operate exclusively in a 5,000 sq. ft. space located on the ground floor of a G+9 building. An additional 250 sq. ft. is allocated for a cold storage facility. The shareholder offering applies only to the total 5,250 sq. ft. of space dedicated to this project.

8) Risk Factor

According to our calculations, the risk factor associated with this investment is estimated at 2%. However, GrowUp’s highly experienced team is fully equipped to effectively manage and mitigate these risks, as outlined earlier.

9) Payment Delay

GrowUp has conducted an in-depth in-house analysis of the projected returns from the business and is confident in its ability to repay investors on time, provided there are no unforeseen risk factors.

10) Security

Grow Up provides the following documents to investors:

- Notarized the ownership agreement in the owner's name

- Contract Deed (300 tk Stamp)

- Copy of Authorized deed