Usha Financial Services Limited IPO
NSE SMEListed On: Oct 31, 2024 at ₹ 164.0
₹ 268800 /1600 Shares
*Min Investment
24 Oct, 2024
Open Date28 Oct, 2024
Close Date29 Oct, 2024
Allotment Date31 Oct, 2024
Listing DateUsha Financial Services IPO Issue Details
- Issue Price ₹160-168 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 58,60,000 shares(aggregating up to ₹98.45 crore)
- Fresh Share 58,60,000 shares(aggregating up to ₹98.45 crore)
- Listing at NSE SME
- List Price 164.0
- Listing Date 2024-10-31
- Lead Manager Narnolia Financial Services Ltd
Unistone Capital Pvt Ltd - Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The following 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 | ₹1,34,400 |
| Retail(max) | 1 | 800 | ₹1,34,400 |
| NII (min) | 2 | 1,600 | ₹2,68,800 |
Usha Financial Services IPO Reservation
Usha Financial Services IPO offers total 58,60,000 shares. Out of which 11,08,000 (18.91%) allocated to QIB, 8,31,200 (14.18%) allocated to NII,19,39,200 (33.09%) allocated to RII, NA (NA%) allocated to employees and 16,60,800 (28.34%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 16,60,800 (28.34%) | |
| Market Maker Shares Offered | 3,20,800 (5.47%) | |
| QIB Shares Offered | 11,08,000 (18.91%) | |
| NII (HNI) Shares Offered | 8,31,200 (14.18%) | |
| Retail Shares Offered | 19,39,200 (33.09%) | |
| Total Shares Offered | 58,60,000 (100%) |
Usha Financial Services IPO Details
Usha Financial Services Limited IPO is an SME IPO, priced at ₹160-168 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 58,60,000 equity shares, aggregating up to ₹98.45 crores..
The IPO bidding window is open from Oct 24, 2024 to Oct 28, 2024. The allotment is expected to be finalized on Oct 29, 2024, and the tentative listing date is Oct 31, 2024.
The minimum lot size for retail investors is 800 shares, with a minimum investment of ₹1,34,400. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,68,800.
Narnolia Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Ss Corporate Securities Limited will act as the market maker for this issue.
Usha Financial Services IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,108,000 / 831,200 | 1,939,200 | 3,878,400 |
Day 1 24-10-24 06:00 PM | 1.07 / 2.02 x | 1.25 x | 1.36 x |
Day 2 25-10-24 06:00 PM | 1.07 / 3.26 x | 4.72 x | 3.37 x |
Day 3 28-10-24 06:00 PM | 10.04 / 28.93 x | 20.76 x | 19.45 x |
Usha Financial Services Valuations
Usha Financial Services Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 33,585.81 | 37,222.64 | 16,428.07 |
| Revenue | 6,396.05 | 4,618.73 | 2,531.36 |
| Profit After Tax | 1,344.95 | 1,016.55 | 414.42 |
| Net Worth | 10,602.63 | 8,207.38 | 4,767.58 |
| Reserves & Surplus | 9,014.87 | 7,265.57 | 4,109.41 |
| Total Borrowing | 18,128.22 | 24,751.41 | 9,723.22 |
About Usha Financial Services Company
Usha Financial Services Limited, a company incorporated in May 1995, is engaged in the non-banking finance company business offering financing solutions to other NBFCs, corporates, MSMEs, and individuals particularly women entrepreneurs.
It also provides EV financing. This financial institution has an array of financial products diversified and provided to an individual, a body corporate, a non-banking finance company, and MSME.
The company has an AUM of Rs. 30,695.76 Lakhs and a Net worth of Rs. 10,602.63 Lakhs. The CRAR of the company stands at 33.03%, and the D/E Ratio stands at 1.71.
The company enjoyed long-term relationships with its lenders. As of September 30, 2024, the company's lenders comprised four banks and 15 NBFCs.
The company employs two different business models to raise revenues: (A) Retail Lending and (B) Wholesale Lending.
The product portfolio of the company includes the following:
Loans to Other NBFCs and Corporates
Green financing/ electric vehicle financing
MSMEs, small entrepreneurs
The company had 43 employees as of October 2024.
Usha Financial Services - Promoter(s)
Mr. Rajesh Gupta, Mr. Anoop Garg, Ms. Geeta Goswami, Ms. Nupur Gupta, and M/s BR Hands Investments Private Limited.
Pre Issue Share Holding : 98.91%
Post Issue Share Holding : 72.24%
Usha Financial Services IPO - Issue Objectives
Augment the capital base of the Company
General Corporate Purposes.
Usha Financial Services IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Usha Financial Services Limited | 8.64 | 8.64 | 66.78 | N/A | 14.3 | N/A | Restated |
| Ibl Finance Limited | 1.17 | 1.17 | N/A | 65 | 8.47 | N/A | Standalone |
Notes:
- Considering the nature and turnover of business of the Company, the peers are not strictly comparable. However, the same have been included for broader comparison.
Contact Details
Usha Financial Services
330, Mezanine Floor Functional Industrial Estate, Patparganj, Delhi- 110092
011 47019079
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Usha Financial Services IPO - FAQs
Ans. Usha Financial Services Limited IPO is a SME IPO. The issue is priced at ₹160-168 per equity share. The minimum order quantity is 800 Shares. The IPO opens on Oct 24, 2024, and closes on Oct 28, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Usha Financial Services Limited IPO opens on Oct 24, 2024 and closes on Oct 28, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Usha Financial Services Limited IPO is 5,860,000 shares(aggregating up to ₹98.45 Cr).
Ans. The Usha Financial Services Limited IPO price band is set between ₹160-168 per equity share.
Ans. To apply for Usha Financial Services Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Usha Financial Services Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Usha Financial Services Limited IPO is Oct 29, 2024.
Ans. The Usha Financial Services Limited IPO will be listed on Oct 31, 2024.
Ans. Follow the steps to check the Usha Financial Services Limited IPO allotment status online.
