Usha Financial Services Limited IPO Details
SME
Usha Financial Services IPO opens for subscription on 24 Oct 2024 and closes on 28 Oct 2024. The IPO will be listed on NSE with the tentative listing date set for 31 Oct 2024.
Usha Financial Services IPO price band has been fixed at ₹160 – ₹168 per share.The face value is ₹10 per share with a lot size of 800.
Usha Financial Services IPO total issue size comprises 58,60,000 shares (aggregating up to ₹98.45 Cr). This includes a fresh issue of 58,60,000 shares (aggregating up to ₹98.45 Cr). Pre-issue shareholding stands at 1,58,77,631, which will increase to 2,17,37,631 post-issue.
Usha Financial Services IPO carries a ₹10 (6.0%) GMP, reflecting investor sentiment.
Usha Financial Services IPO Lot Size : Retain Minimum is 1 lot (800 shares) amounting to ₹134,400. Retain Maximum is 1 lot (800 shares) amounting to ₹134,400. SHNI Minimum is 2 lots (1,600 shares) amounting to ₹268,800.
The Lead Managers for Usha Financial Services IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Narnolia Financial Services Ltd, Unistone Capital Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Ss Corporate Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Usha Financial Services Limited RHP.
Usha Financial Services IPO Details
Usha Financial Services IPO Subscription
Usha Financial Services IPO Application Wise Breakup
Usha Financial Services IPO Dates
- 24 Oct 2024Opening dateOPD
- 28 Oct 2024Closing dateCOD
- 29 Oct 2024Allotment Date BOA
- 30 Oct 2024Initiation of RefundsIOR
- 30 Oct 2024Credit of SharesCOS
- 31 Oct 2024Listing dateLID
Usha Financial Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 800 | ₹134,400 |
| Retain Maximum | 1 | 800 | ₹134,400 |
| SHNI Minimum | 2 | 1600 | ₹268,800 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Usha Financial Services IPO Reservation
Promoter Holding
Usha Financial Services IPO Valuations
Usha Financial Services Financial Information
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 | ||||||||||||||||||||||||||||||||||||||||
About Usha Financial Services IPO
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
- Loans to Other NBFCs and Corporates
- Green financing/ electric vehicle financing
- MSMEs, focusing on small entrepreneurs
Competitive Strength
- Experienced management team
- We have strategic agreements with NBFCs and other entities, the company's business partners/correspondents, which are crucial for its retail lending business, providing access to extensive borrower networks.
- The extensive customer due diligence procedures include multiple levels of checks and controls.
As of October 2024, the company had 43 employees.
Strength Of Usha Financial Services IPO
1. Good track record.
2. Leveraging the experience of our Promoters.
3. Experienced management team and a motivated and efficient work force.
Risk Of Usha Financial Services IPO
1. The company requires substantial capital for its business and any disruption in the cost and availability of capital, including the company sources of financing, could have an adverse effect on its business, results of operations, financial condition and cash flows.
2. Any deterioration in the credit quality of its loans could adversely affect the company's business, results of operations, financial condition and cash flows.
3. While the company has applied for consent to undertake the Offer from certain of its lenders, the company has not received consents from some of these lenders as on the date of this Draft Red Herring Prospectus. Any failures to obtain these consents could lead to changes in its plans or strategies, including the company capital raising plan through the Offer.
4. The company depends on the accuracy and completeness of information provided by its borrowers. Any misleading information provided to it by the company borrowers may affect its judgement of their credit worthiness, which could have an adverse effect on its business, cash flows, results of operations, financial condition.
5. A major portion of its expenses is incurred in Portfolio Management charges included in other expenses. Its Inability to effectively reduce and control these expenses may adversely impact its profitability in the future.
6. The company depends on a limited number of customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company major customers may adversely affect its business, financial condition, results of operations and prospects.
7. Its top two states contribute the company major revenue for the year ended 31st March 2024, 2023, 2022. Any loss of business from one or more of these states may adversely affect its revenues and profitability.
8. Its contingent liabilities as stated in the company Restated Financial Statements could adversely affect its financial conditions.
9. Its underwriting, risk management and collection processes may not be able to effectively identify, monitor or mitigate the risks in its lending operations.
10. The company is required to comply with guidelines issued by regulatory authorities in India, which are evolving and may increase its compliance costs and subject it to penalties.
Objectives Usha Financial Services IPO
- Augment the capital base of the Company
- General Corporate Purposes.
Company Contact Details
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/
Registrar Contact Details
Market Maker
Market Maker Reports
Read more about Shringar House of Mangalsutra IPO
- Usha Financial Services Limited IPO Detail
- Usha Financial Services Limited IPO Subscription Detail
- Usha Financial Services Limited IPO GMP Detail
- Checked Live Usha Financial Services Limited IPO Allotment Status
- Usha Financial Services Limited IPO Basis Of Allotment
- Usha Financial Services Limited IPO Price Calculator
- Usha Financial Services Limited IPO Stock Price