Usha Financial Services Limited – IPO
Usha Financial Services Limited – IPO Details
| IPO Date | October 24, 2024 to October 28, 2024 |
| Listing Date | October 31, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 160 to ₹ 168 / Share |
| Lot Size | 800 Shares |
| Total Issue Size | ₹98.45 Cr |
| Fresh Issue | ₹98.45 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,877,631 |
| Share holding post issue | 21,737,631 |
| Market Maker portion | 320,800 shares |
Usha Financial Services Limited Timeline (Tentative Schedule)
Usha Financial Services Limited IPO opens on October 24, 2024, and closes on October 28, 2024.
| IPO Open Date | October 24, 2024 |
| IPO Close Date | October 28, 2024 |
| Basis of Allotment | October 29, 2024 |
| Initiation of Refunds | October 30, 2024 |
| Credit of Shares to Demat | October 30, 2024 |
| Listing Date | October 31, 2024 |
| Cut-off time for UPI mandate confirmation | October 28, 2024 |
Usha Financial Services Limited IPO Lot Size
Bidding for the Usha Financial Services IPO begins with a minimum of 800 shares, with additional bids accepted in multiples of this lot size. The investment structure specifies the range of shares and amounts required for both retail investors and high-net-worth individuals (HNIs), outlining the minimum and maximum investment levels for each category.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | Rs.134,400 |
| Retail (Max) | 1 | 800 | Rs.134,400 |
| S-HNI (Min) | 2 | 1,600 | Rs.268,800 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
Usha Financial Services Limited IPO Promoter Holding
| Share Holding Pre Issue | 98.91% |
| Share Holding Post Issue | 72.24% |
Usha Financial Services Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Usha Financial Services Limited IPO Anchor Investors Details
| Bid Date | 2024-10-23 |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | 27.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 27, 2025 |
About Usha Financial Services Limited
Usha Financial Services Limited, established in May 1995, operates as a non-banking finance company (NBFC) offering a variety of lending solutions to other NBFCs, corporates, micro, small and medium enterprises (MSMEs), and individuals, with a focus on supporting women entrepreneurs. The company also engages in Electric Vehicle (EV) financing, providing a diverse range of financial products tailored to meet the needs of individuals, corporate bodies, NBFCs, and MSMEs.
With an asset under management (AUM) of Rs. 30,695.76 lakhs and a net worth of Rs. 10,602.63 lakhs, Usha Financial Services maintains a capital to risk-weighted assets ratio (CRAR) of 33.03% and a debt-to-equity (D/E) ratio of 1.71. The company has established strong, long-term relationships with its lenders, which, as of September 30, 2024, included four banks and 15 NBFCs, among others.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.29% |
| ROCE | 12.02% |
| Debt/Equity | 1.7 |
| RoNW | 9.29% |
| P/BV | 24 |
| PAT Margin (%) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.47 | 9.28 |
| P/E (x) | 19.83 | 18.11 |
Objects of the Issue (Usha Financial Services Limited IPO Objectives)
The net proceeds are planned to be utilized for augmenting the company's capital base and for general corporate purposes.
Usha Financial Services Limited Contact Details
Usha Financial Services Limited 330, Mezanine Floor Functional Industrial Estate Patparganj Delhi- 110092, Phone: 011 47019079 Email: [email protected] Website: https://www.ushafinancial.com/ |
Usha Financial Services Limited IPO Registrar
Skyline Financial Services Private Ltd Phone: 02228511022 Email: [email protected] Website: https://www.skylinerta.com/ipo.php |