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Usha Financial Services IPO Date, Review, Price, Allotment Details
Usha Financial Services IPO is opening for subscription on October 24, 2024, and closing on October 28, 2024. This NSE SME IPO aims to raise ₹98.45 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Usha Financial Services IPO is fixed at ₹160- ₹168 Per Share, with a market lot of 800 shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Usha Financial Services IPO Allotment will done on October 29, 2024, and Usha Financial Services IPO listing date is October 31, 2024.
Usha Financial Services Company Profile
Usha Financial Services Limited is a Non-Banking Finance Company (NBFC) established in 1995. It focuses on providing diverse lending solutions to various segments, including NBFCs, corporates, Micro, Small, and Medium Enterprises (MSMEs), and individual borrowers, particularly women entrepreneurs. The company also supports the growing demand for Electric Vehicle (EV) financing.
The company employs a dedicated team that assesses borrowers’ repayment capacity thoroughly before extending loans. This risk management approach ensures that the company maintains a healthy portfolio and minimizes the risk of defaults.
Strengths of Usha Financial Services
- Experienced Management Team: The company boasts a team of qualified managers and professionals experienced in the finance sector, ensuring effective risk management and decision-making.
- Partnerships with NBFCs: Usha Financial Services has strategic agreements with multiple NBFCs, expanding its reach and increasing loan disbursement capabilities.
- Strong Risk Management Practices: The company employs rigorous assessment methods to evaluate borrowers’ repayment capacity, ensuring the quality of its loan portfolio.
Usha Financial Services IPO GMP
| Company Name | Type Status | IPO Price | GMP(₹ %) | IPO Size (Crore) | IPO Open Date | IPO Close Date |
|---|---|---|---|---|---|---|
| Spinaroo Commercial | SME IPO Closed | 51 | 0 (0%) | ₹10.17 Cr | 28-Mar | 3-Apr |
| Infonative Solutions | SME IPO Closed | 79 | 0 (0%) | ₹24.71 Cr | 28-Mar | 3-Apr |
| Aten Papers & Foam | SME IPO Closed | 0 (0.0%) | ₹31.68 Cr | 28-Mar | 2-Apr | |
| Retaggio Industries | SME IPO Closed | 25 | 0 (0%) | ₹15.50 Cr | 27-Mar | 2-Apr |
| Identixweb | SME IPO Closed | 54 | 0 (0%) | ₹16.63 Cr | 26-Mar | 28-Mar |
| Shri Ahimsa Naturals | SME IPO Closed | 118 | 12 (10.17%) | ₹73.81 Cr | 25-Mar | 27-Mar |
| ATC Energies | SME IPO Closed | 119 | 21 (17.65%) | ₹63.76 Cr | 25-Mar | 27-Mar |
| Desco Infratech | SME IPO Closed | 150 | 18 (12%) | ₹30.75 Cr | 24-Mar | 26-Mar |
| Active Infrastructures | SME IPO Closed | 181 | 0 (0%) | ₹77.83 Cr | 21-Mar | 25-Mar |
| Rapid Fleet | SME IPO Closed | 192 | 0 (0%) | ₹43.87 Cr | 21-Mar | 25-Mar |
| Grand Continent Hotels | Main IPO Closed | 133 | 0 (0%) | ₹74.46 Cr | 20-Mar | 24-Mar |
| Divine Hira Jewellers | SME IPO Listed @90.00 (0%) | 90 | 15 (16.67%) | ₹31.84 Cr | 17-Mar | 19-Mar |
| Paradeep Parivahan | SME IPO Listed @78.40 (-20%) | 98 | 0 (0%) | ₹44.86 Cr | 17-Mar | 19-Mar |
| Super Iron Foundry | SME IPO Listed @107.95 (-0.05%) | 108 | 15 (13.89%) | ₹68.05 Cr | 11-Mar | 13-Mar |
| PDP Shipping & Projects | SME IPO Listed @108.25 (-19.81%) | 135 | 0 (0%) | ₹12.65 Cr | 10-Mar | 12-Mar |
| NAPS Global India | SME IPO Listed @108.00 (20%) | 90 | 0 (0%) | ₹50.11 Cr | 4-Mar | 6-Mar |
| Balaji Phosphates | SME IPO Listed @75.00 (7.14%) | 70 | 0 (0%) | ₹50.11 Cr | 28-Feb | 4-Mar |
| Shreenath Paper | SME IPO Listed @35.20 (-20%) | 44 | 3 (6.82%) | ₹23.36 Cr | 25-Feb | 28-Feb |
| Nukleus Office Solutions | SME IPO Listed @187.20 (-20%) | 234 | 0 (0%) | ₹31.70 Cr | 24-Feb | 27-Feb |
| Beezaasan Explotech | SME IPO Listed @146.00 (-16.57%) | 175 | 1 (0.57%) | ₹59.93 Cr | 21-Feb | 25-Feb |
| Swasth Foodtech | SME IPO Listed @94.00 (0%) | 94 | 0 (0%) | ₹14.92 Cr | 20-Feb | 24-Feb |
| HP Telecom India | SME IPO Listed @115.05 (6.53%) | 108 | 0 (0%) | ₹34.23 Cr | 20-Feb | 24-Feb |
| Royalarc Electrodes | SME IPO Listed @ 120.00 (0%) | 120 | 0 (0%) | ₹36.00 Cr | 14-Feb | 18-Feb |
| Tejas Cargo | SME IPO Listed @ 175.00 (4.17%) | 168 | 0 (0%) | ₹105.84 Cr | 14-Feb | 18-Feb |
| Quality Power | Main IPO Listed @ 430.00 (1.18%) | 425 | 5 (1.18%) | ₹858.70 Cr | 14-Feb | 18-Feb |
| L.K. Mehta Polymers | SME IPO Listed @ 71.10 (0.14%) | 71 | 5 (7.04%) | ₹7.38 Cr | 13-Feb | 17-Feb |
| Shanmuga Hospital | SME IPO Listed @ 54.00 (0%) | 54 | 3 (5.56%) | ₹20.62 Cr | 13-Feb | 17-Feb |
| Maxvolt Energy | SME IPO Listed @ 180.00 (0%) | 180 | 0 (0%) | ₹54.00 Cr | 12-Feb | 14-Feb |
| Voler Car | SME IPO Listed @ 90.00 (0%) | 90 | 5 (5.56%) | ₹27.00 Cr | 12-Feb | 14-Feb |
| Hexaware Technologies | Main IPO Listed @ 745.50 (5.3%) | 708 | 0 (0%) | ₹8750.00 Cr | 12-Feb | 14-Feb |
| PS Raj Steels | SME IPO Listed @ 145.00 (3.57%) | 140 | 3 (2.14%) | ₹28.28 Cr | 12-Feb | 14-Feb |
| Chandan Healthcare | SME IPO Listed @ 165.10 (3.84%) | 159 | 0 (0%) | ₹107.36 Cr | 10-Feb | 12-Feb |
| Ajax Engineering | Main IPO Listed @ 576.00 (-8.43%) | 629 | -3 (-0.48%) | ₹1269.35 Cr | 10-Feb | 12-Feb |
| Eleganz Interiors | SME IPO Listed @ 122.00 (-6.15%) | 130 | 5 (3.85%) | ₹78.07 Cr | 7-Feb | 11-Feb |
| Solarium Green | SME IPO Listed @ 202.00 (5.76%) | 191 | 5 (2.62%) | ₹105.04 Cr | 6-Feb | 10-Feb |
| Readymix Construction | SME IPO Listed @ 123.00 (0%) | 123 | 0 (0%) | ₹37.66 Cr | 6-Feb | 10-Feb |
| Amwill Healthcare | SME IPO Listed @ 88.85 (-19.95%) | 111 | 0 (0%) | ₹59.98 Cr | 5-Feb | 7-Feb |
| Ken Enterprises | SME IPO Listed @ 85.00 (-9.57%) | 94 | 5 (5.32%) | ₹83.65 Cr | 5-Feb | 7-Feb |
Usha Financial Services IPO Objectives
The funds raised through the IPO will be utilized for:
- Capital Augmentation: To strengthen the company’s capital base to support further growth and expansion of its lending portfolio.
- General Corporate Purposes: To allocate funds for various corporate activities, ensuring the smooth operation and strategic expansion of the company.
Usha Financial Services IPO Key Details
- Usha Financial Services IPO Open Date: October 24, 2024
- Usha Financial Services IPO Close Date: October 28, 2024
- Usha Financial Services IPO Size: Approximately ₹98.45 Crores, Equity Shares
- Face Value: ₹10 Per Equity Share
- Usha Financial Services IPO Price Band: ₹160- ₹168 Per Equity Share
- Usha Financial Services IPO Listing on: NSE SME IPO
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- HNI Quota: 15% of the net offer
Usha Financial Services IPO Timeline
- Usha Financial Services IPO Open Date: October 24, 2024
- Usha Financial Services IPO Close Date: October 28, 2024
- Basis of Allotment: October 29, 2024
- Refunds: October 30, 2024
- Credit to Demat Account: October 30, 2024
- Usha Financial Services IPO Listing Date: October 31, 2024
How to Apply for Usha Financial Services IPO
Investors can apply for the Usha Financial Services IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Usha Financial Services Financial Performance
- June 2024: Assets: ₹35,133.66 Lakhs, Revenue: ₹2,681.26 Lakhs, Profit After Tax: ₹504.16 Lakhs, Net Worth: ₹11,106.79 Lakhs, Borrowings: ₹18,861.94 Lakhs
- Year 2024: Assets: ₹33,585.81 Lakhs, Revenue: ₹6,396.05 Lakhs, Profit After Tax: ₹1,344.95 Lakhs, Net Worth: ₹10,602.63 Lakhs, Borrowings: ₹18,128.22 Lakhs
- Year 2023: Assets: ₹37,222.64 Lakhs, Revenue: ₹4,618.73 Lakhs, Profit After Tax: ₹1,016.55 Lakhs, Net Worth: ₹8,207.38 Lakhs, Borrowings: ₹24,751.41 Lakhs
- Year 2022: Assets: ₹16,428.07 Lakhs, Revenue: ₹2,531.36 Lakhs, Profit After Tax: ₹414.42 Lakhs, Net Worth: ₹4,767.58 Lakhs, Borrowings: ₹9,723.22 Lakhs
Usha Financial Services Valuation FY2024
- Earnings Per Share (EPS): ₹ per Equity Share
- Price/Earnings (P/E) Ratio: NA
- Return on Net Worth (RoNW): %
- Net Asset Value (NAV): ₹ per Equity Share
Usha Financial Services Peer Group
- Usha Financial Services: EPS (Basic): ₹8.64, EPS (Diluted): ₹8.64, NAV: ₹66.78, P/E Ratio: 14.3, RoNW: 12.9%
- Ibl Finance Limited: EPS (Basic): ₹1.17, EPS (Diluted): ₹1.17, NAV: ₹65.00, P/E Ratio: 8.47, RoNW: 9.5%
Usha Financial Services Company Promoters
Usha Financial Services IPO Registrar
Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Website: https://www.skylinerta.com/ipo.php
Phone: 02228511022
Email: compliances@skylinerta.com
Usha Financial Services IPO Allotment Status Check
- Check the Usha Financial Services IPO allotment status on the Skyline Financial Services website.
Usha Financial Services IPO Allotment Link
- Check the Usha Financial Services IPO allotment on the Check Ipo Allotment website.
Usha Financial Services IPO Lead Managers (Merchant Bankers)
- Unistone Capital Pvt Ltd
- Narnolia Financial Services Ltd
Usha Financial Services Company Address
330 Mezanine Floor Functional
Industrial Estate Patparganj
Delhi,Delhi-110092 India
Website: https://www.ushafinancial.com/
Phone: 011 47019079
Email: compliance@ushafinancial.com
Usha Financial Services IPO FAQs
What is Usha Financial Services IPO?
Usha Financial Services IPO is an NSE SME IPO. They are going to raise ₹98.45 Crores via IPO. The issue is priced at ₹160- ₹168 Per equity share. The IPO is to be listed on NSE.
When will the Usha Financial Services IPO open?
The IPO is to open on October 24, 2024, for NII, and Retail Investors.
What is Usha Financial Services IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Usha Financial Services IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Gala Precision Engineering IPO through M-Stock?
For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.
How to Apply the Usha Financial Services IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Usha Financial Services IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Usha Financial Services IPO Size?
Usha Financial Services IPO size is ₹98.45 Crores.
What is Usha Financial Services IPO Price Band?
Usha Financial Services IPO Price Band is ₹160- ₹168 Per equity share.
What is Usha Financial Services IPO Minimum and Maximum Lot Size?
The IPO bid is 800 shares with ₹134,400.
What is Usha Financial Services IPO Allotment Date?
Usha Financial Services IPO allotment date is October 29, 2024.
What is Usha Financial Services IPO Listing Date?
Usha Financial Services IPO listing date is October 31, 2024. The IPO to list on NSE SME IPO.
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