The Usha Financial Services IPO comprises a book-built issue amounting to Rs 98.45 crores, involving a fresh issue of 58.6 lakh shares. The subscription period is scheduled from October 24, 2024, to October 28, 2024. The allotment finalization is anticipated to occur on October 29, 2024, with the tentative listing on the NSE SME set for October 31, 2024.
The IPO price band is established between ₹160 and ₹168 per share, with a minimum application requirement of 800 shares. Retail investors are expected to make a minimum investment of ₹134,400, while high-net-worth individuals (HNIs) need to invest at least ₹268,800 for two lots (1,600 shares).
Read Usha Financial Services IPO RHP for detailed information.
| 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 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 |
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) |
| Share Holding Pre Issue | 98.91% |
| Share Holding Post Issue | 72.24% |
| 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 | |
| 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 |
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.
| 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 |
The net proceeds are planned to be utilized for augmenting the company's capital base and for general corporate purposes.
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/ |
Skyline Financial Services Private Ltd Phone: 02228511022 Email: compliances@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
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