Freshara Agro Exports IPO vs Usha Financial Services IPO

Comparision between Freshara Agro Exports IPO and Usha Financial Services IPO.

IPO Details

Freshara Agro Exports IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Usha Financial Services IPO is a SME Book Built Issue proposed to list at NSE SME.

	Freshara Agro Exports IPO	Usha Financial Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Private Limited	Narnolia Financial Services Ltd Unistone Capital Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Giriraj Stock Broking Private Limited	Ss Corporate Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Freshara Agro Exports IPO is up to ₹75.39 Cr whereas the issue size of the Usha Financial Services IPO is up to ₹98.45 Cr. The final issue price of Freshara Agro Exports IPO is ₹116.00 per share and of Usha Financial Services IPO is ₹168.00 per share.

	Freshara Agro Exports IPO	Usha Financial Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹110.00 per share	₹160.00 per share
Issue Price (Upper)	₹116.00 per share	₹168.00 per share
Issue Price (Final)	₹116.00 per share	₹168.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	800 shares
Fresh Issue Size	64,99,200 shares	58,60,000 shares
Fresh Issue Size (Amount)	up to ₹75.39 Cr	up to ₹98.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,99,200 shares	58,60,000 shares
Issue Size Total (Amount)	up to ₹75.39 Cr	up to ₹98.45 Cr

IPO Timetable

Freshara Agro Exports IPO opens on Oct 17, 2024, while Usha Financial Services IPO opens on Oct 24, 2024. The closing date of Freshara Agro Exports IPO and Usha Financial Services IPO is Oct 21, 2024, and Oct 28, 2024, respectively.

	Freshara Agro Exports IPO	Usha Financial Services IPO
Anchor Bid Date	Oct 16, 2024	Oct 23, 2024
Issue Open	Oct 17, 2024	Oct 24, 2024
Issue Close	Oct 21, 2024	Oct 28, 2024
Basis Of Allotment (Tentative)	Oct 22, 2024	Oct 29, 2024
Initiation of Refunds (Tentative)	Oct 23, 2024	Oct 30, 2024
Credit of Share (Tentative)	Oct 23, 2024	Oct 30, 2024
Listing date (Tentative)	Oct 24, 2024	Oct 31, 2024
Anchor Lockin End date 1	Nov 21, 2024	Nov 28, 2024
Anchor Lockin End date 2	Jan 20, 2025	Jan 27, 2025

Financials

Freshara Agro Exports IPO P/E ratio is 9.04, as compared to Usha Financial Services IPO P/E ratio of 19.83.

Freshara Agro Exports IPO

Usha Financial Services IPO

Financial

Freshara Agro Exports Limited Financial Information (Restated)

Freshara Agro Exports Limited's revenue increased by 56% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	16,599.73	16,657.8	8,490.64	5,887.64
Revenue	10,746.11	19,819.58	12,700.22	11,840.68
Profit After Tax	1,137.81	2,182.41	908.2	97.36
Net Worth	3,834.58	2,696.77	1,855.49	931.58
Reserves and Surplus	2,134.58	996.77
Total Borrowing	10,625.22	10,755.98	4,173.89	3,479.1
Amount in ₹ Lakhs

Usha Financial Services Limited Financial Information (Restated)

Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 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
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.50%

98.91%

Promoter Shareholding (Post-Issue)

72.24%

P/E Ratio

9.04

19.83

Market Cap

₹272.59 Cr.

₹365.19 Cr.

ROE

9.29%%

ROCE

12.31%%

12.02%%

Debt/Equity

2.77

1.7

EPS

₹12.84

₹8.47

RoNW

29.67%%

9.29%%

Shares Offered

In the Freshara Agro Exports IPO retail investors (RII) are offered 20,59,200 shares while in Usha Financial Services IPO retail investors are offered 20,59,200 shares. Qualified institutional buyers (QIB) are offered 11,76,000 shares in Freshara Agro Exports IPO and 11,08,000 shares in Usha Financial Services IPO.

	Freshara Agro Exports IPO	Usha Financial Services IPO
Anchor Investor Reserveration	17,61,600 shares	16,60,800 shares
Market Maker Reserveration	6,19,200 shares	3,20,800 shares
QIB	11,76,000 shares	11,08,000 shares
NII	8,83,200 shares	8,31,200 shares
RII	20,59,200 shares	19,39,200 shares
Employee	0 shares	0 shares
Others
Total	41,18,400 shares	38,78,400 shares

Bids Received (Subscription)

Freshara Agro Exports IPO subscribed 236.80x in total, whereas Usha Financial Services IPO subscribed 19.37x.

	Freshara Agro Exports IPO	Usha Financial Services IPO
QIB (times)	129.22x	10.04x
NII (times)	510.61x	28.55x
Big NII (times)
Small NII (times)
RII (times)	180.80x	20.76x
Employee (times)
Other (times)
Total (times)	236.80x	19.37x

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Freshara Agro Exports IPO	Usha Financial Services IPO
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