The Usha Financial Services IPO will open on October 24, 2024, and close on October 28, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹98.45 crores. It includes a fresh issue of ₹98.45 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
Table of Contents
IPO Overview
Overview Points | Description |
---|---|
Company Name | Usha Financial Services Limited |
Industry | Financial Services |
IPO Issue Type | Book Built Issue |
Open Date | October 24, 2024 |
Close Date | October 28, 2024 |
Total Issue Size | ₹98.45 Crores(5,860,000 Equity Shares) |
Fresh Issue | ₹98.45 Crores(5,860,000 Equity Shares) |
Face Value | ₹10 Per Equity Share |
Price Band | ₹160 to ₹168 per share |
Listing on | NSE SME |
Lot Size | 800 Shares |
Offer for Sale | NA |
Shares Offered to Retail | 35% |
Shares Offered to QIB | 50% |
Shares Offered to HNI | 15% |
Company Details
Usha Financial Services Limited, founded in 1955 in Patparganj, Delhi, is an NBFC offering solutions to other NBFCs, MSMEs, and individuals, with a strong focus on women entrepreneurs and expanding Electric Vehicle financing. The company’s net worth was ₹10,602.63 million in FY 2024, up from ₹8,207.38 million in FY 2023. Its vision is to become a market leader by empowering consumers and businesses, driving financial growth through innovative, credible, affordable, and customer-centric solutions.
Key Dates
Events | Date |
---|---|
IPO Open Date | October 24, 2024 |
IPO Close Date | October 28, 2024 |
Basis of Allotment | October 29, 2024 |
Refunds | October 30, 2024 |
Credit to Demat Account | October 30, 2024 |
IPO Listing Date | October 31, 2024 |
Financials (₹ in Lakhs)
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
---|---|---|---|---|
Assets | ₹35,133.66 | ₹33,585.81 | ₹37,222.64 | ₹16,428.07 |
Revenue | ₹2,681.26 | ₹6,396.05 | ₹4,618.73 | ₹2,531.36 |
Profit After Tax | ₹504.16 | ₹1,344.95 | ₹1,016.55 | ₹414.42 |
Net Worth | ₹11,106.79 | ₹10,602.63 | ₹8,207.38 | ₹4,767.58 |
Reserves and Surplus | ₹9,519.03 | ₹9,014.87 | ₹7,265.57 | ₹4,109.41 |
Total Borrowing | ₹18,861.94 | ₹18,128.22 | ₹24,751.41 | ₹9,723.22 |
IPO Lot Size
Application | Lot Size | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 800 | ₹134,400 |
Retail (Max) | 1 | 800 | ₹134,400 |
S-HNI (Min) | 2 | 1,600 | ₹268,800 |
The objective of the Issue
- Enhance the company’s capital base and support general corporate purposes.
Company Promoters
- Mr. Rajesh Gupta
- Mr. Anoop Garg
- Ms. Geeta Goswami
- Ms. Nupur Gupta
- BR Hands Investments Private Limited.
Usha Financial Services IPO GMP (Grey Market Premium)
Want to know the latest Gray Market Premium (GMP) for Usha Financial Services IPO? We’ve got you covered! Access our GMP IPOs sessions for daily updates on all IPOs, including Usha Financial Services. Dig into everything with real-time GMP insights to help you make informed investment choices. intelligent Whether you are an experienced investor or just starting out. Our updates will keep you informed!
Usha Financial Services IPO Application Form PDF
To download the Usha Financial Services IPO registration form, simply go to the IPO forms. You can also download a PDF file of ASBA’s IPO form.
Usha Financial Services IPO Subscription Status
This IPO subscription kicks off on October 17, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Usha Financial Services IPO Allotment Status
To check the allotment status, please visit the Skyline website or go to the Allotment Status page.
As well as checking the sales status, first follow the steps below:
- Firstly, access the link given above.
- Second, choose or name the company.
- Then enter your PAN number and beneficiary number. Registration number or CAF number
- Finally, submit details to receive distribution status.
IPO Review
Strengths:
- Strong track record of performance.
- Experienced promoters leveraging their industry expertise.
- A skilled management team supported by a motivated and efficient workforce.
Risks:
- The company requires significant capital for its operations; any disruption in capital costs or availability could negatively impact its business, financial condition, and cash flows.
- Deterioration in the credit quality of its loans could adversely affect the company’s operations and financial performance.
- While the company has applied for consent to undertake the Offer from certain lenders, it has not yet received approval from some of them as of the date of this Draft Red Herring Prospectus. Failure to secure these consents may necessitate changes to its plans or strategies, including its capital raising approach through the Offer.
IPO Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
IPO Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:+91 9820057533
Email: mb@unistonecapital.com
Website: www.unistonecapital.com
Usha Financial Services Exports Contact
USHA FINANCIAL SERVICES LIMITED
330, Mezzanine Floor Functional Industrial Estate,
Patparganj, Delhi, India, 110092
Phone: 011 47019079
E-mail: compliance@ushafinancial.com
Website: www.ushafinancial.com
FAQs
What is the Usha Financial Services IPO?
The Usha Financial Services IPO is a SME IPO aiming to raise ₹98.45 crores. The issue is priced between ₹160 and ₹168 per equity share and will be listed on the NSE.
When will the Usha Financial Service’s IPO open for subscription?
The IPO opens for QIB, NII, and Retail Investors on October 24, 2024, and will close on October 28, 2024.
What is the investor allocation for the Usha Financial Services IPO?
The allocation for investors is as follows: QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for the Usha Financial Services IPO?
You can apply for the Usha Financial Services IPO online via ASBA through your bank account. Additionally, you can apply via UPI through your stockbroker or by filling out an offline form with your stockbroker.
What is the issue size of the Usha Financial Services IPO?
The issue size of the Usha Financial Services IPO is ₹98.45 crores.
For the latest updates on the GMP of IPOs, including GMP on IPOs and IPO allotment status, visit IPOGMP.IN. Stay updated with real-time insights on the GMP of Usha Financial Services IPO to help you make informed investment decisions.
Additionally, you can track the Allotment IPO Status and the IPO allotment status for Lakshya Powertech on the registrar’s website, Skyline.
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