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

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.

Usha Financial Services IPO Objectives

The Company intends to utilize the Net Proceeds for the following objects:

1. Augment the capital base of the Company
2. 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

Usha Financial Services IPO Reservation

Usha Financial Services IPO Timeline

Usha Financial Services IPO opens on October 24, 2024, and closes on October 28, 2024.