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Usha Financial Services IPO

  • Status: Closed
  • RHP:
  • ₹ 128,000 / 800 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    31 Oct 2024

  • Listing Price

    ₹ 164.00

  • Listing Change

    -2.38%

  • Last Traded Price

    ₹ 118.20

IPO Details

  • Open Date

    24 Oct 2024

  • Close Date

    28 Oct 2024

  • IPO Price Range

    ₹ 160 - ₹ 168

  • IPO Size

    ₹ 98.45 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    31 Oct 2024

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IPO Timeline

Usha Financial Services IPO Subscription Status

Last Updated: 28 October 2024 6:41 PM by 5Paisa

Usha Financial Services IPO is set to open on 24 October 2024 and will close on 28 October 2024. Usha Financial Services is a non banking finance company that offers lending solutions to other NBFCs, businesses, MSMEs and individuals, with a special focus on supporting women entrepreneurs.

The IPO includes a fresh issue of 58.6 lakh shares aggregating ₹98.45 Cr and does not include OFS. The price range is set between ₹160 - ₹168 per share and the lot size is 800 shares. 

The allotment is scheduled to be finalized on 29 October 2024. It will go public on NSE SME, with a tentative listing date of 31 October 2024.

Narnolia Financial Services Ltd and Unistone Capital Pvt Ltd are the book running lead managers while Skyline Financial Services Private Ltd is the registrar.

 

 

Usha Financial Services IPO Size

Types Size
Total IPO Size ₹98.45 Cr
Offer For Sale -
Fresh Issue ₹98.45 Cr

 

Usha Financial Services IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 ₹134,400
Retail (Max) 1 800 ₹134,400
HNI (Min) 2 1,600 ₹268,800

 

Godavari Biorefineries IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 10.04     11,08,000 1,11,27,200 186.94
NII (HNI) 28.55 8,31,200 2,37,28,000 398.63
Retail 20.76 19,39,200 4,02,55,200 676.29
Total 19.37 38,78,400 7,51,10,400 1,261.85

 

Usha Financial Services IPO Anchor Allocation

Anchor Bid Date 23 October, 2024
Shares Offered 1,660,800
Anchor portion Size (In ₹ Cr.) 27.90
Anchor lock-in period end date for 50% shares (30 Days) 28 November, 2024
Anchor lock-in period end date for remaining shares (90 Days) 27 January, 2025

 

1. Strengthen the company's capital base
2. For general corporate needs.

Usha Financial Services established in May 1995, is a non banking finance company that offers lending solutions to other NBFCs, businesses, MSMEs and individuals with a focus on supporting women entrepreneurs. The company also provides financing for electric vehicles (EVs) and offers a range of financial products. 

Usha Financial operates through two business models: retail lending and wholesale lending. Its product portfolio includes loans for NBFCs and corporates, green financing/EV financing and MSME loans particularly for small entrepreneurs. As of October 2024, the company employed 43 people.

Peers

Ibl Finance Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 63.96 46.19 25.31
EBITDA 47.77 35.52   16.23
PAT 13.45 10.17 4.14
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 335.86 372.23 164.28
Share Capital 15.88 9.42 6.58
Total Borrowings 181.28 247.51 97.23
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 71.47 -177.16 -35.19
Net Cash Generated From / (used in) investing activities -8.06 1.78 0.10
Net Cash Generated From / (used in) financing activities -55.73 174.51 35.31
Net Increase (Decrease) In Cash And Cash Equivalents 7.68 -0.86 0.31


Strengths

1. Usha Financial Services benefits from a highly qualified and experienced team of managers which strengthens decision making and operational efficiency.

2. The company has established key agreements and partnerships with several NBFCs, providing a competitive edge and expanding its reach in the lending market.

3. Usha Financial Services has implemented strong risk management practices, ensuring better control over financial risks and enhancing the stability of its operations.

Risks

1. While partnerships with NBFCs are a strength, over reliance on these collaborations could pose risks if any partner withdraws or changes terms.

2. Usha Financial operates in a dynamic lending market that is vulnerable to economic fluctuations which can affect demand for loans and repayment capacities.

3. As a non banking finance company, Usha Financial Services is exposed to changes in financial regulations that could impact its operations, compliance costs and profitability.
 

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FAQs

Usha Financial Services IPO opens from 24 October to 28 October 2024.

The size of the Usha Financial Services IPO is ₹98.45 Cr.

The price of the Usha Financial Services IPO is fixed at ₹160 - ₹168 per share. 

To apply for Usha Financial Services IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Usha Financial Services IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Usha Financial Services IPO is 800 shares and the investment required is ₹1,28,000.
 

The share allotment date of Usha Financial Services IPO is 29 October 2024.
 

The Usha Financial Services IPO will be listed on 31 October 2024.

Narnolia Financial Services Ltd and Unistone Capital Pvt Ltd are the book running lead manager for Usha Financial Services IPO.
 

Usha Financial Services plans to utilize the raised capital from the IPO for:

1. Strengthen the company's capital base
2. For general corporate needs.