The company said that the debentures are proposed to be listed on Bombay Stock Exchange (BSE).

Ugro Capital is an MSME lending fintech platform. It uses the emerging data tripod of GST, banking and bureau coupled with its sectoral analysis to solve the problem of credit for small businesses.

The company net profit soared 130.5% to Rs 14.04 crore on 92.4% jump in total income to Rs 217.16 crore in Q4 FY23 over Q4 FY22.

Shares of Ugro Capital declined 0.49% to Rs 231.80 on the BSE.