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 287% to Rs 13.12 crore on 122.6% jump in total income to Rs 189.59 crore in Q3 FY23 over Q3 FY22.
Shares of Ugro Capital rose 0.99% to currently trade at Rs 158.70 on the BSE.