Usha Financial Services IPO
Open SmeCurrent GMP
₹9 (+5.36%)
Price Band
₹ 160 – 168
Lot Size
800
Issue Size
₹98.45 Cr
Minimum Investment
₹268800 (1600 Shares)
Listing Date
31 October 2024
Subscription
19.45x
About the Company
Usha Financial Services Limited, established in 1995, is a non-banking finance company (NBFC) registered with the Reserve Bank of India. Classified as an NBFC-ICC (Investment & Credit) at the base layer, it operates as a non-systemically important, non-deposit-taking entity.
The company provides lending solutions to a diverse range of clients, including other NBFCs, corporates, MSMEs, and individuals, with a particular focus on supporting women entrepreneurs. Usha Financial also engages in financing electric vehicles (EVs) and offers a variety of financial products tailored to individuals, corporate clients, NBFCs, and MSMEs.
Currently, Usha Financial Services Limited has an Assets Under Management (AUM) of INR 306.96 crore and a net worth of INR 106.03 crore. The company maintains a strong Capital Risk Assets Ratio (CRAR) of 33.03%. As of July 2024, Usha Financial serves over 28,000 active borrowers.
Promoters
The company's promoters are
- Mr. Rajesh Gupta
- Mr. Anoop Garg
- Ms. Geeta Goswami
- Ms. Nupur Gupta
- M/s BR Hands Investments Private Limited.
Promoters Holding
Holding Pre Issue
98.91%
Holding Post Issue
72.24%
Objects of the Issue
The Company intends to utilize the Net Proceeds for the following objects:
- Augment the capital base of the Company
- General Corporate Purposes.
Address / Contact Info
Usha Financial Services Limited
330, Mezanine Floor Functional Industrial
Estate, Patparganj, Delhi- 110092, India
Phone: 011 47019079
Email: compliance@ushafinancial.com
Website: https://www.ushafinancial.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 24 October 2024
IPO Close Date
Monday, 28 October 2024
Basis of Allotment
Tuesday, 29 October 2024
Initiation of Refunds
Wednesday, 30 October 2024
Credit of Shares to Demat
Wednesday, 30 October 2024
Listing Date
Thursday, 31 October 2024 — NSE & BSE
Important Dates
Open Date
24 October 2024
Close Date
28 October 2024
Basis Of Allotment
29 October 2024
Listing Date
31 October 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 35133.66 | 33585.81 | 37222.64 | 16428.07 |
| Revenue | 2681.26 | 6396.05 | 4618.73 | 2531.36 |
| Profit After Tax | 504.16 | 1344.95 | 1016.55 | 414.42 |
| Net Worth | 11106.79 | 10602.63 | 8207.38 | 4767.58 |
| Reserve & Surplus | 9519.03 | 9014.87 | 7265.57 | 4109.41 |
| Total Borrowings | 18861.94 | 18128.22 | 24751.41 | 9723.22 |
EPS Pre
8.47%
EPS Post
9.28%
P/E Pre
19.83
P/E (Post Issue)
18.11x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 9.29 |
| ROCE % | 12.02 |
| Debt / Equity | 1.7 |
| RoNW % | 9.29 |
| PbW | 24 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1660800 | 28.34 | 0 |
| Market Maker | 320800 | 5.47 | 0 |
| Qualified Institutions | 1108000 | 18.91 | 0 |
| Non-Institutional | 831200 | 14.18 | 0 |
| Retail Investors | 1939200 | 33.09 | 0 |
| Total | 5860000 | 100 | 0 |
Subscription Status ( Mon, 28 Oct 24 01:21 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1108000 | 11127200 | 10.04x |
| Non-Institutional | 831200 | 24048800 | 28.93x |
| Retail Investors | 1939200 | 40255200 | 20.76x |
| Total | 3878400 | 75431200 | 19.45x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | 134,400.00 |
| Retail (Max) | 1 | 800 | 134,400.00 |
| S-HNI (Min) | 2 | 1,600 | 268,800.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Narnolia Financial Services
- Unistone Capital Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Usha Financial Services IPO is a Book-building IPO worth ₹98.45 crores. The price band is ₹160 to 168 per share. The IPO opens on Thu, Oct 24, 2024 and closes on Mon, Oct 28, 2024. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Usha Financial Services IPO opens on Thu, Oct 24, 2024 and closes on Mon, Oct 28, 2024
Usha Financial Services IPO Price Band is ₹160 to 168.
Usha Financial Services IPO lot size is 800, and the minimum amount required for application is ₹268800.
The minimum investment for Usha Financial Services IPO is approximately ₹268800 based on the upper price band.
To apply for the Usha Financial Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Oct 28, 2024. After submission, funds are blocked until the basis of allotment of Usha Financial Services IPO is finalised.
Usha Financial Services IPO issue size is ₹98.45 crores.
Usha Financial Services IPO allotment date is Sat, Jun 27, 2026.
The registrar for Usha Financial Services IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Usha Financial Services IPO through their official website or helpline.
The Usha Financial Services IPO GMP (Grey Market Premium) is ₹9 as of Thu, Oct 31, 2024. Based on the upper price band of ₹168 per share, the estimated Usha Financial Services IPO listing price is ₹177, indicating a potential listing gain of approximately 31% over the issue price.