Usha Financial Services IPO Details
| IPO Issue Open Date: | 24 October 2024 |
| IPO Issue Close Date: | 28 October 2024 |
| IPO Issue Price Band: | ₹160 to ₹168 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹98.45 Crores | 5,860,000 shares |
| Fresh Issue: | ₹98.45 Crores | 5,860,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE SME |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | [.] per share |
Usha Financial Services IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Usha Financial Services IPO Dates Timeline
| Issue Open Date: | 24 October 2024 |
| Issue Close Date: | 28 October 2024 |
| Basis of Allotment Date: | 29 October 2024 |
| Refunds Initiation: | 30 October 2024 |
| Shares Credit in Demat: | 30 October 2024 |
| IPO Listing Date Detail: | 31 October 2024 |
Usha Financial Services IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 800 shares = ₹134,400 |
| Retail (Max) | 1 lots and 800 shares = ₹134,400 |
| S-HNI Minimum | 2 lots and 1600 shares = ₹268,800 |
| B-HNI Minimum | – |
Usha Financial Services IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹10 | ₹5,000 | ₹- | 6% |
| 28th Oct | ₹30 | ₹25,000 | ₹- | 18% |
| 25th Oct | ₹50 | ₹25,000 | ₹- | 30% |
| 24th Oct | ₹45 | ₹30,000 | ₹- | 27% |
| 23th Oct | ₹50 | ₹30,000 | ₹- | 30% |
| 22th Oct | ₹40 | ₹20,000 | ₹- | 24% |
| 21th Oct | ₹40 | ₹20,000 | ₹- | 24% |
| 18th Oct | ₹- | ₹- | ₹- | ₹- |
| 17th Oct | ₹- | ₹- | ₹- | ₹- |
| 16th Oct | ₹- | ₹- | ₹- | ₹- |
About Usha Financial Services
Usha Financial Services Limited is a non-banking finance company (“NBFC”) incorporated in the year 1995 registered with the Reserve Bank of India as a NBFC-ICC (Investment & Credit) – base layer- non-systemically important non-deposit taking NBFC with over 9 years of lending experience. They provide lending solutions to fellow NBFCs and corporates, MSMEs, and individual, particularly to women entrepreneurs. Their services also extend to Electric vehicle (EV) financing. They provide a diversified range of financial products to individuals, body corporates, NBFCs and MSMEs.
Usha Financial Services IPO Strengths
- Experienced and Qualified management team
- Our Business partnership/ Correspondent’s arrangements
- Robust underwriting process and risk management policies
- Robust underwriting process and risk management policies
- Leverage Technology to Grow Our Business
- Expansion of our Loan Portfolio
Objects of the IPO Issue
- Augment the capital base of the Company
- General Corporate Purposes.
Usha Financial Services Company Financial Report
The company reported revenue of ₹63.96 crores in 2024 against ₹46.19 crores in 2023. The company reported a profit of ₹13.45 crores in 2024 against a loss of ₹10.17 crores in 2023.
| 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 – Key Performance Indicator
KPI as of March 31, 2024.
| 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
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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
Usha Financial Services IPO Lead Manager
- Narnolia Financial Services Ltd
- Unistone Capital Pvt Ltd
Usha Financial Services IPO allotment status check on Skyline Financial website. Click on Skyline Financial Services Private Ltd to get allotment status.
Promoters of Usha Financial Services
- Mr. Rajesh Gupta
- Mr. Anoop Garg
- Ms. Geeta Goswami
- Ms. Nupur Gupta
- M/s BR Hands Investments Private Limited
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/