Usha Financial Services IPO
IPO Listing Details
- Listing Date
31 Oct 2024
- Listing Price
₹ 164.00
- Listing Change
-2.38%
- Last Traded Price
₹ 125.55
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
IPO Timeline
Usha Financial Services IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
24-Oct-24 | 1.07 | 2.02 | 1.24 | 1.36 |
25-Oct-24 | 1.07 | 3.25 | 4.66 | 3.33 |
28-Oct-24 | 10.04 | 28.55 | 20.76 | 19.37 |
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
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.
Contact Information
Usha Financial Services
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/
Usha Financial Services IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Usha Financial Services IPO Lead Manager
Narnolia Financial Services Ltd
Unistone Capital Pvt Ltd
Usha Financial Services IPO: Fre...
15 Oct 2024