Usha Financial Services IPO Details: The Usha Financial Services IPO is set to open on October 24, 2024, and will remain available for subscription until October 28, 2024. This IPO is a Book Built Issue, through which the company aims to raise approximately ₹98.45 crores. This amount consists entirely of a fresh issue of ₹98.45 crores and includes an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Usha Financial Services IPO is fixed between ₹160 and ₹168 per share. The allocation is structured as follows: 35% for retail investors, 50% for qualified institutional buyers (QIB), and 15% for high net-worth individuals (HNI). The shares are expected to be listed on the NSE on October 31, 2024, with the allotment date set for October 29, 2024.
In its recent financial performance, Usha Financial Services reported a revenue of ₹63.96 crores for 2024, up from ₹46.19 crores in 2023. The company also recorded a profit of ₹13.45 crores in 2024, an increase from ₹10.17 crores in the previous year. Based on these financials, long-term investors may find the IPO appealing.
Usha Financial Services IPO Objectives:
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 IPO Review (Apply or Not)
- Update soon
Usha Financial Services IPO Date & Price Band Details:
| SME IPO Issue Opening Date: | 24th Oct 2024 |
| SME IPO Issue Closing Date: | 28th Oct 2024 |
| SME IPO Issue Price: | ₹160.00-168.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹98.45 Cr |
| Fresh Issue: | ₹98.45 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 98.91% |
| Promoter Holding Post IPO: | 72.24% |
Usha Financial Services IPO Lot Size:
The minimum market lot for the Usha Financial Services IPO is set at 800 shares, requiring an application amount of ₹134,400.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹134,400 |
| Retail Maximum | 1 | 800 | ₹134,400 |
| S-HNI Minimum | 2 | 1,600 | ₹268,800 |
Usha Financial Services IPO Timeline:
The Usha Financial Services IPO will open on October 24, 2024, and will close on October 28, 2024. Allotment details for the IPO will be finalized on October 29, 2024, with the shares expected to be listed on the exchange on October 31, 2024.
| 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 |
Usha Financial Services IPO GMP Today:
The latest Grey Market Premium (GMP) for the Usha Financial Services SME IPO is ₹0. With a price band of ₹168.00, the estimated listing price for the IPO is projected to be ₹168 (cap price plus today’s GMP). This results in an expected percentage change of 0.00% per share.
Promoters of Usha Financial Services IPO
The promoters of the company are Mr. Rajesh Gupta, Mr. Anoop Garg, Ms. Geeta Goswami, Ms. Nupur Gupta, and M/s BR Hands Investments Private Limited.
About Usha Financial Services IPO
Founded in 1955 in Patparganj, Delhi, Usha Financial Services Limited is a non-banking financial company (NBFC) that offers a range of financial solutions to other NBFCs, micro, small, and medium enterprises (MSMEs), and individual clients. The company places a strong emphasis on supporting women entrepreneurs and enhancing its electric vehicle financing initiatives.
In FY 2024, Usha Financial Services reported a total net worth of ₹10,602.63 million, up from ₹8,207.38 million in FY 2023. The company aims to become a market leader by empowering consumers and businesses to achieve financial success. Its primary goal is to deliver innovative, trustworthy, affordable, and accessible customer-centric financial solutions.
Usha Financial Services IPO Company Financial Report
The company reported revenue of ₹63.96 crores in 2024 against ₹46.19 crore in 2023. The company reported profit of ₹13.45 crores in 2024 against profit of ₹10.17 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹25.31 | ₹19.83 | ₹4.14 | ₹164.28 |
| 2023 | ₹46.19 | ₹32.40 | ₹10.17 | ₹372.23 |
| 2024 | ₹63.96 | ₹46.23 | ₹13.45 | ₹335.86 |
| June 2024 | ₹26.81 | ₹20.19 | ₹5.04 | ₹351.34 |
Usha Financial Services IPO Valuation – FY2024
Check Usha Financial Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 14.30% |
| ROCE: | 15.40% |
| EBITDA Margin: | 75.56% |
| PAT Margin: | -% |
| Debt to equity ratio: | 1.71 |
| Earning Per Share (EPS): | ₹8.64 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 14.30% |
| Net Asset Value (NAV): | ₹66.78 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| IBL Finance Limited | 1.17 | 65.00 | 8.47% | – | 2.28 Cr. |
Usha Financial Services IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd
- Unistone Capital Pvt Ltd
Company Address
Usha Financial Services Limited
330, Mezanine Floor Functional Industrial Estate
Patparganj
Delhi- 110092,
Phone: 011 47019079
Email: compliance@ushafinancial.com
Website: https://www.ushafinancial.com/
Usha Financial Services IPO FAQs
What is the Usha Financial Services IPO?
The Usha Financial Services IPO is a Small and Medium Enterprises (SME) IPO through which the company aims 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 Services IPO open for subscription?
The IPO will open for subscription on October 24, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors. It will close on October 28, 2024.
What is the investor portion for the Usha Financial Services IPO?
The allocation for the Usha Financial Services IPO is as follows: 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How can I apply for the Usha Financial Services IPO?
You can apply for the Usha Financial Services IPO through ASBA (Applications Supported by Blocked Amount) online via your bank account. Alternatively, you can apply using UPI through your stockbroker or by completing the offline application 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.
What is the price band for the Usha Financial Services IPO?
The price band for the Usha Financial Services IPO ranges from ₹160 to ₹168 per share.
What is the lot size for the Usha Financial Services IPO?
The minimum bid for the Usha Financial Services IPO is 800 shares, requiring an application amount of ₹134,400.
What is the allotment date for the Usha Financial Services IPO?
The allotment date for the Usha Financial Services IPO is October 29, 2024.
What is the listing date for the Usha Financial Services IPO?
The listing date for the Usha Financial Services IPO is October 31, 2024, and it will be listed on the NSE.
