Usha Financial Services Limited IPO, a book-built initial public offering, launched on 24 October 2024 and runs until 28 October 2024. Usha Financial Services Ltd will raise ₹ 98.45 crore from a fresh issue of 58.6 lakh equity shares.
The expected date for finalizing the allotment of Usha Financial Services sme ipo is Tuesday 29 October 2024. Usha Financial Services shares will be listed on the NSE SME exchange and the probable date for the listing is Thursday, 31 October 2024.
Usha Financial Services IPO price band has been set between ₹ 160 to ₹ 168 per share. The minimum ipo lot size, the minimum number of shares to be bought, has been fixed as 800 shares. This means the retail investors subscribing to Usha Financial Services IPO have to invest ₹ 134400 at the least. The HNIs have to buy at least 2 lots or 1600 shares which amounts to ₹ 268800.
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Usha Financial Services NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | October 24, 2024 |
| IPO Closing Date | October 28, 2024 |
| Tentative IPO Listing Date | October 31, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹160 to ₹168 per share |
| Lot Size | 800 shares |
| Total Issue Size | 58.6 lakh shares (₹98.45 Cr) |
| Fresh Issue | 58.6 lakh shares (₹98.45 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 15877631 shares |
| Shareholding post-issue | 21737631 shares |
| Market Maker Portion | 320800 shares |
Usha Financial Services Limited| Company Overview
Usha Financial Services Limited was incorporated in the year 1995 and it started its journey as a non-banking finance company (NBFC). It offers retail and wholesale lending solutions to other NBFCs MSMEs, corporate houses, and even to individuals, especially to the women entrepreneurs. Apart from financing businesses, Usha Financial Services finances electric vehicle purchases.
As per recent reports, the AUM of Usha Financial Services is around ₹ 30695.76 lakhs and its core client base includes 15 NBFCs and four banks as well. The company has successfully grown at a CAGR of 33.03% over the past years.
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Usha Financial Services Limited IPO | Key Details
- Usha Financial Services IPO Opening Date: October 24, 2024
- Usha Financial Services IPO Closing Date: October 28, 2024
- Allotment Date: October 29, 2024
- Price Band: ₹ 160 to ₹ 168 per share
- Lot Size: 800 shares
- Refunds Initiated: October 30, 2024
- Shares Credited to Demat: October 30, 2024
- Listing Date: October 31, 2024
Usha Financial Services Ltd: Financial Overview
Usha Financial Services Limited witnessed a rise in its profit in FY24 by 32% with a rise in revenue of 38.5%. It has successfully reduced its debt during the period by 26% and also increased its reserve and surplus by 24%. Here are the detailed financials –
| Financial Information (Amount in ₹ Lakhs) | 31 Mar 2024 | 31 Mar 2023 | Change | Change (%) |
| Assets | 33,585.81 | 37,222.64 | -3,636.83 | -9.77048 |
| Revenue | 6,396.05 | 4,618.73 | 1,777.32 | 38.48071 |
| Profit After Tax | 1,344.95 | 1,016.55 | 328.40 | 32.30535 |
| Net Worth | 10,602.63 | 8,207.38 | 2,395.25 | 29.1841 |
| Reserves and Surplus | 9,014.87 | 7,265.57 | 1,749.30 | 24.07657 |
| Total Borrowing | 18,128.22 | 24,751.41 | -6,623.19 | -26.7588 |
FAQs | Usha Financial Services Ltd IPO
Usha Financial Services Ltd is an NBFC that offers retail and wholesale lending solutions to other NBFCs, corporates, and individuals, particularly to women entrepreneurs.
The tentative IPO listing date of Usha Financial Services has been fixed as Thursday, October 31, 2024.
The bidding date for the Usha Financial Services IPO is from October 24, 2024, to October 28, 2024.
The IPO lot size for Usha Financial Services is 800 shares.
The IPO allotment is expected to be finalized on Tuesday, October 29, 2024.
The IPO face value is set at ₹10 per share.
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