Usha Financial Services IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 24 Oct 2024
Close Date
Mon, 28 Oct 2024
Price Band
₹ 160 – 168
Lot Size
800
Issue Size
₹ 98.45 Cr
Minimum Investment
₹ 268,800 (1600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Usha Financial Services IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹98.45 Crore, comprising a fresh issue of 58.60 Lakh equity shares aggregating to ₹98.45 Crore.
The Usha Financial Services IPO remained open for subscription from October 24, 2024, to October 28, 2024. The basis of allotment was finalized on October 29, 2024, and the company's shares were listed on NSE SME Platform on October 31, 2024.
The company had fixed the price band at ₹160 to ₹168 per share, with a lot size of 800 shares. Retail investors were required to make a minimum investment of ₹268,800 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Narnolia Financial Services, and Unistone Capital Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Usha Financial Services Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Usha Financial Services IPO Timeline (Tentative)
- IPO Open Date
- Thu, 24 Oct 24
- IPO Close Date
- Mon, 28 Oct 24
- Basis of Allotment
- Tue, 29 Oct 24
- Initiation of Refunds
- Wed, 30 Oct 24
- Credit of Shares to Demat
- Wed, 30 Oct 24
- Listing Date
- Thu, 31 Oct 24 — NSE & BSE
Open Date
24 October 2024
Close Date
28 October 2024
Basis Of Allotment
29 October 2024
Listing Date
31 October 2024
IPO Subscription
Check Live Subscription →The Usha Financial Services IPO has received bids for 7,54,31,200 shares against 38,78,400 shares offered, resulting in an overall subscription of 19.45x. the NII category is subscribed 28.93x, Retail Investors 20.76x, and QIBs 10.04x.
QIB
10.04x
NII
28.93x
RII
20.76x
Total
19.45x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,39,200 shares, representing 33.09% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,08,000 shares (18.91%), while Non-Institutional Investors (NIIs) receive 8,31,200 shares (14.18%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,660,800 | 28.34% |
| Market Maker | 320,800 | 5.47% |
| Qualified Institutions | 1,108,000 | 18.91% |
| Non-Institutional | 831,200 | 14.18% |
| Retail Investors | 1,939,200 | 33.09% |
| Total | 5,860,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Usha Financial Services Limited KPI Information
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 9.29 |
| ROCE % | 12.02 |
| Debt / Equity | 1.7 |
| RoNW % | 9.29 |
| PbW | 24 |
Peers Comparison
No Peer Comparision Available
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.
Usha Financial Services Limited Address / Contact Details
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
Usha Financial Services IPO Lot Size
The Usha Financial Services IPO has a lot size of 800 shares. Retail investors require a minimum investment of ₹1,34,400 by applying for 1 lot (800 shares). The maximum application allowed for the retail category is 1 lots (800 shares), requiring an investment of ₹1,34,400.
| 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 |
Issue Reservation
- Anchor Investors — 28.34%
- Market Maker — 5.47%
- QIB — 18.91%
- NII — 14.18%
- RII — 33.09%
Book Running Lead Managers
- Narnolia Financial Services
- Unistone Capital Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Usha Financial Services 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.
When will the Usha Financial Services IPO open for subscription?
The Usha Financial Services IPO opens on Thu, Oct 24, 2024 and closes on Mon, Oct 28, 2024
What is Usha Financial Services IPO Price Band?
Usha Financial Services IPO Price Band is ₹160 to 168 per share.
What is Usha Financial Services IPO Lot Size?
Usha Financial Services IPO lot size is 800 shares, Retail investors need a minimum investment of ₹268800 based on the upper price band
What is the minimum investment for Usha Financial Services IPO?
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.
How to apply for Usha Financial Services IPO?
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.
What is Usha Financial Services IPO Issue Size?
Usha Financial Services IPO issue size is ₹98.45 crores.
What is the Usha Financial Services IPO Allotment Date?
Usha Financial Services IPO allotment date is Tue, Oct 29, 2024.
Who is the Usha Financial Services IPO Registrar?
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.
What is the Usha Financial Services IPO GMP?
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 5.36% over the issue price.
Who is the Usha Financial Services IPO Lead Manager?
The book-running lead managers (BRLMs) for the Usha Financial Services IPO are Narnolia Financial Services, and Unistone Capital Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Usha Financial Services IPO Red Herring Prospectus (RHP).