Usha Financial Services Limited IPO

NiftyTrader • October 15, 2024

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Usha Financial Services Limited IPO

Usha Financial Services Limited 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 be listed on NSE SME with a 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.

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.

Freshara Agro Exports IPO Details

IPO Date	October 24, 2024 to October 28, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding pre-issue	17,15,877,631
Shareholding post-issue	21,737,631
Market Maker portion	320,800 shares

Usha Financial Services IPO Lot Size

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
S-HNI (Min)	2	1600	₹268,800

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.

About Usha Financial Services Limited

Founded in May 1995, Usha Financial Services Limited is a non-banking finance company that specializes in providing diverse lending solutions to various sectors, including other NBFCs, corporates, MSMEs, and particularly women entrepreneurs. With an Assets Under Management (AUM) of ₹30,695.76 lakhs and a net worth of ₹10,602.63 lakhs, the company demonstrates financial stability, highlighted by a Capital to Risk-Weighted Assets Ratio (CRAR) of 33.03% and a Debt to Equity (D/E) ratio of 1.71. Usha Financial employs two primary business models—retail and wholesale lending—and has established strong partnerships with four banks and 15 NBFCs, enhancing its operational reach. Its product offerings include loans to corporates, green financing for electric vehicles, and tailored support for MSMEs. The company’s competitive edge lies in its experienced management team, strategic alliances, and rigorous customer due diligence, bolstering its growth and customer trust. As of October 2024, the team consists of 43 dedicated employees.

Usha Financial Services Limited Financial Information

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	3,9,723.22
				Amount in ₹ Lakhs

Usha Financial Services IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.03% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Offer

Usha Financial Services IPO Timeline

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
A 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