Usha Financial Services IPO Details
The Usha Financial Services IPO is a book build issue with a total issue size of ₹98.45 cr, comprising of fresh issue of 5860000 equity shares. Usha Financial Services IPO opened for subscription on Oct 24, 2024 and closed on Oct 28, 2024. Usha Financial Services IPO is set price band at ₹160 to ₹168 per share, with a lot size of 800 shares. Minimum investment for Retail investors was ₹268,800.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 29, 2024, and listed on the NSE on Oct 31, 2024.
Skyline Financial Services Private Ltd has been appointed as the registrar. Narnolia Financial Services and Unistone Capital Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Usha Financial Services IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 160 – 168
- Lot Size
- 800
- Issue Size
- ₹98.45 Cr
- Minimum Investment
- ₹268800 (1600 Shares)
- Listing Date
- 31 October 2024
Current GMP
₹9 (+5.36%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Usha Financial Services Limited
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.
Usha Financial Services IPO 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%
Usha Financial Services IPO Objective
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
Book Running Lead Managers
- Narnolia Financial Services
- Unistone Capital Pvt Ltd
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 with a total issue size of ₹98.45 crore. The Usha Financial Services IPO price band is ₹160 to 168 per share. The Usha Financial Services IPO subscription opens on Thu, Oct 24, 2024, and closes on Mon, Oct 28, 2024. The Usha Financial Services IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Usha Financial Services IPO.
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 per share.
Usha Financial Services IPO lot size is 800 shares, Retail investors need a minimum investment of ₹268800 based on the upper price band
The minimum investment for Usha Financial Services IPO is ₹268800, based on one lot of 800 shares at the upper price band of ₹168 per share.
Investors can apply for the Usha Financial Services IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Oct 28, 2024. The application amount remains blocked until the Usha Financial Services IPO allotment is finalized.
Usha Financial Services IPO issue size is ₹98.45 crores.
Usha Financial Services IPO allotment date is Wed, Jul 1, 2026.
The registrar for Usha Financial Services IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Usha Financial Services IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.