Usha Financial Services Limited IPO (Usha Financial Services IPO)

Usha Financial Services Limited IPO
Upcoming Usha Financial Services IPO | New Usha Financial Services IPO

Usha Financial Services Limited is a non-banking finance company providing lending solutions to other NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs.

The company also provides services for Electric Vehicle (EV) financing. It offers a diversified range of financial products to individuals, body corporates, NBFCs, and MSMEs.

The company has maintained long-term relationships with its lenders. As of September 30, 2024, the company’s lenders included 4 banks and 15 NBFCs, among others.

The company utilizes two distinct business models to generate revenue: (A) Retail Lending and (B) Wholesale Lending.

The product portfolio of the company consists of the following:

  • Loans to Other NBFCs and Corporates
  • Green financing/ electric vehicle financing
  • MSMEs, focusing on small entrepreneurs

As of October 2024, the company had 43 employees.

Usha Financial Services IPO

Usha Financial Services IPO – Details

IPO Opening Date24 October 2024
IPO Closing Date28 October 2024
Issue TypeBook Built Issue IPO
Issue SizeTotal Issue Size: 58,60,000 Shares Worth ₹98.45 Crore
Fresh Issue: 58,60,000 Shares Worth ₹98.45 Crore
Face Value₹10 per equity share
IPO Price₹160 – ₹168
Market Lot800 Shares
Min Order800 Shares
Listing AtNSE SME
RegisterSkyline Financial Services Private Ltd
QIB Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

Usha Financial Services IPO – Date Schedule

IPO Open Date24 October 2024
IPO Close Date28 October 2024
Basis of Allotment29 October 2024
Initiation of Refund30 October 2024
Credit of Shares to Demat Account30 October 2024
IPO Listing Date31 October 2024
Cut-off time for UPI mandate confirmation5 PM on October 28, 2024

Usha Financial Services IPO – Lots Size & Price

ApplicationLotsSharesAmount
Retail (Min)1800₹1,34,400
Retail (Max)1800₹1,34,400
HNI (Min)21600₹2,68,800

Competitive Strengths

  • Good track record.
  • Leveraging the experience of company’s Promoters.
  • Experienced management team and a motivated and efficient work force.

Company Promoters

  • Mr. Rajesh Gupta
  • Mr. Anoop Garg
  • Ms. Geeta Goswami
  • Ms. Nupur Gupta
  • M/s BR Hands Investments Private Limited

Company Financials

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202225.3119.834.1497.23
31 March 202346.1832.3910.16247.51
31 March 202463.9646.2313.44181.28
30 September 202426.8120.195.04188.61
Amount in ₹ Crore

Key Performance Indicator

KPIValues
ROE9.29%
ROCE12.02%
Debt/Equity1.7
RoNW9.29%
P/BV24
Pre IPOPost IPO
EPS (Rs)8.479.28
P/E (x)19.8318.11

Object Of The Issue

  • Augment the capital base of the Company.
  • General Corporate Purposes.
Usha Financial Services IPO
Object of the Issues

Usha Financial Services IPO Promoter Holding

Pre Issue Share Holding98.91%
Post Issue Share Holding72.24%

Usha Financial Services IPO Prospectus

Company Contact Information

Usha Financial Services Limited

330, Mezanine Floor Functional Industrial Estate
Patparganj
Delhi- 110092,

Phone: 011 47019079
Email: compliance@ushafinancial.com
Websitehttps://www.ushafinancial.com/

Usha Financial Services IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: compliances@skylinerta.com
Websitehttps://www.skylinerta.com/ipo.php

Usha Financial Services IPO Lead Manager(s)

1. Unistone Capital Pvt Ltd
2. Narnolia Financial Services Ltd

Usha Financial Services IPO FAQs

Usha Financial Services IPO FAQs
What is Usha Financial Services IPO?

Usha Financial Services IPO is an SME IPO. The issue is priced at ₹160 and ₹168 per equity share. The IPO is to be listed on NSE SME.
When Usha Financial Services IPO will open?

The IPO is to open on 24 October 2024 for QIB, NII, and Retail Investors.
What is Usha Financial Services IPO Investors Portion?

The investors’ portion for QIB- 50%Retail – 35%NII – 15%.
How to Apply the Usha Financial Services IPO?

You can apply Usha Financial Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Usha Financial Services IPO through Angle One?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Usha Financial Services IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One.
How to Apply the Usha Financial Services IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Usha Financial Services IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Usha Financial Services IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Usha Financial Services IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
How to Apply the Usha Financial Services IPO through IIFL?

Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Usha Financial Services IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL.
What is Usha Financial Services IPO Size?

Usha Financial Services IPO size is ₹98.45 Crore.
What is Usha Financial Services IPO Price Band?

Usha Financial Services IPO Price Band is ₹160 – ₹168.
What is Usha Financial Services IPO Minimum and Maximum Lot Size for Retail?

The minimum bid is 800 Shares with ₹1,34,400 amount while the maximum bid is 800 Shares with ₹1,34,400.
What is the Usha Financial Services IPO Allotment Date?

Usha Financial Services IPO allotment date is 29 October 2024.
What is the Usha Financial Services IPO Listing Date?

Usha Financial Services IPO listing date is  31 October 2024. The IPO is to be listed on NSE SME.
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