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Usha Financial Services IPO is a book built issue of Rs 98.45 crores. The issue is entirely a fresh issue of 58.6 lakh shares.
Usha Financial Services IPO opens for subscription on October 24, 2024 and closes on October 28, 2024. The allotment for the Usha Financial Services IPO is expected to be finalized on Tuesday, October 29, 2024. Usha Financial Services IPO will list on NSE SME with tentative listing date fixed as Thursday, October 31, 2024.
Usha Financial Services IPO price band is set at ₹160 to ₹168 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹268,800.
Narnolia Financial Services Ltd and Unistone Capital Pvt Ltd are the book running lead managers of the Usha Financial Services IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Usha Financial Services IPO is Ss Corporate Securities.
Refer to Usha Financial Services IPO RHP for detailed information.
| IPO Date | October 24, 2024 to October 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹160 to ₹168 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 5,860,000 shares (aggregating up to ₹98.45 Cr) |
| Fresh Issue | 5,860,000 shares (aggregating up to ₹98.45 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,877,631 |
| Share holding post issue | 21,737,631 |
| Market Maker portion | 320,800 shares Ss Corporate Securities |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Usha Financial Services IPO raises Rs 27.90 crore from anchor investors. Usha Financial Services IPO Anchor bid date is October 23, 2024.
| Bid Date | October 23, 2024 |
| Shares Offered | 1,660,800 |
| Anchor Portion Size (In Cr.) | 27.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 27, 2025 |
Usha Financial Services IPO opens on October 24, 2024, and closes on October 28, 2024.
| IPO Open Date | Thursday, October 24, 2024 |
| IPO Close Date | Monday, October 28, 2024 |
| Basis of Allotment | Tuesday, October 29, 2024 |
| Initiation of Refunds | Wednesday, October 30, 2024 |
| Credit of Shares to Demat | Wednesday, October 30, 2024 |
| Listing Date | Thursday, October 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 28, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹134,400 |
| Retail (Max) | 1 | 800 | ₹134,400 |
| HNI (Min) | 2 | 1,600 | ₹268,800 |
| Lot Size Calculator | |||
The company's promoters are Mr. Rajesh Gupta, Mr. Anoop Garg, Ms. Geeta Goswami, Ms. Nupur Gupta, and M/s BR Hands Investments Private Limited.
| Share Holding Pre Issue | 98.91% |
| Share Holding Post Issue | 72.24% |
Incorporated in May 1995, Usha Financial Services Limited is a non-banking finance company providing lending solutions to other NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs.
The company also provides services for Electric Vehicle (EV) financing. It offers a diversified range of financial products to individuals, body corporates, NBFCs, and MSMEs.
The company has an AUM of Rs. 30,695.76 Lakhs and a Net worth of Rs. 10,602.63 Lakhs. It maintains a CRAR of 33.03% and a D/E Ratio of 1.71.
The company has maintained long-term relationships with its lenders. As of September 30, 2024, the company's lenders included 4 banks and 15 NBFCs, among others.
The company utilizes two distinct business models to generate revenue: (A) Retail Lending and (B) Wholesale Lending.
The product portfolio of the company consists of the following
Competitive Strength
As of October 2024, the company had 43 employees.
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 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 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Usha Financial Services IPO is Rs 365.19 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 9.29% |
| ROCE | 12.02% |
| Debt/Equity | 1.7 |
| RoNW | 9.29% |
| P/BV | 24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.47 | 9.28 |
| P/E (x) | 19.83 | 18.11 |
The Company intends to utilize the Net Proceeds for the following objects:
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
SME Company Owners
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Usha Financial Services IPO is a SME IPO of 5,860,000 equity shares of the face value of ₹10 aggregating up to ₹98.45 Crores. The issue is priced at ₹160 to ₹168 per share. The minimum order quantity is 800 Shares.
The IPO opens on October 24, 2024, and closes on October 28, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Usha Financial Services IPO using UPI as a payment gateway. Zerodha customers can apply in Usha Financial Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Usha Financial Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Usha Financial Services IPO opens on October 24, 2024 and closes on October 28, 2024.
Usha Financial Services IPO lot size is 800 Shares, and the minimum amount required is ₹134,400.
You can apply in Usha Financial Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Usha Financial Services IPO will be done on Tuesday, October 29, 2024, and the allotted shares will be credited to your demat account by Wednesday, October 30, 2024. Check the Usha Financial Services IPO allotment status.
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