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 – Details
| IPO Opening Date | 24 October 2024 |
| IPO Closing Date | 28 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total 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 Lot | 800 Shares |
| Min Order | 800 Shares |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Usha Financial Services IPO – Date Schedule
| IPO Open Date | 24 October 2024 |
| IPO Close Date | 28 October 2024 |
| Basis of Allotment | 29 October 2024 |
| Initiation of Refund | 30 October 2024 |
| Credit of Shares to Demat Account | 30 October 2024 |
| IPO Listing Date | 31 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 28, 2024 |
Usha Financial Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,34,400 |
| Retail (Max) | 1 | 800 | ₹1,34,400 |
| HNI (Min) | 2 | 1600 | ₹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
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 25.31 | 19.83 | 4.14 | 97.23 |
| 31 March 2023 | 46.18 | 32.39 | 10.16 | 247.51 |
| 31 March 2024 | 63.96 | 46.23 | 13.44 | 181.28 |
| 30 September 2024 | 26.81 | 20.19 | 5.04 | 188.61 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.29% |
| ROCE | 12.02% |
| Debt/Equity | 1.7 |
| RoNW | 9.29% |
| P/BV | 24 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.47 | 9.28 |
| P/E (x) | 19.83 | 18.11 |
Object Of The Issue
- Augment the capital base of the Company.
- General Corporate Purposes.
Usha Financial Services IPO Promoter Holding
| Pre Issue Share Holding | 98.91% |
| Post Issue Share Holding | 72.24% |
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 Website: https://www.ushafinancial.com/ |
Usha Financial Services IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: compliances@skylinerta.com Website: https://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
| 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. |
