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Usha Financial IPO is a book build issue of ₹98.45 crores. The issue is entirely a fresh issue of 0.59 crore shares of ₹98.45 crore.
Usha Financial IPO bidding started from Oct 24, 2024 and ended on Oct 28, 2024. The allotment for Usha Financial IPO was finalized on Oct 29, 2024. The shares got listed on NSE SME on Oct 31, 2024.
Usha Financial IPO price band is set at ₹168.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,28,000 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,68,800.
Narnolia Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is SS Corporate Securities Ltd..
Refer to Usha Financial IPO RHP for detailed Information.
| IPO Date | October 24, 2024 to October 28, 2024 |
| Listing Date | October 31, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹160 to ₹168 per share |
| Issue Price Final | ₹168 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 58,60,000 shares (aggregating up to ₹98.45 Cr) |
| Reserved for Market Maker | 3,20,800 shares SS Corporate Securities Ltd. (aggregating up to ₹5.39 Cr) |
| Net Offered to Public | 55,39,200 shares (aggregating up to ₹93.06 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,58,77,631 shares |
| Share Holding Post Issue | 2,17,37,631 shares |
Usha Financial Services IPO offers total 58,60,000 shares. Out of which 27,68,800 (47.25%) allocated to QIB, 11,08,000 (18.91%) allocated to QIB, 8,31,200 (14.18%) allocated to NII, 19,39,200 (33.09%) allocated to RII and 16,60,800 (28.34%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,20,800 (5.47%) |
| QIB Shares Offered | 27,68,800 (47.25%) |
| − Anchor Investor Shares Offered | 16,60,800 (28.34%) |
| − QIB (Ex. Anchor) Shares Offered | 11,08,000 (18.91%) |
| NII (HNI) Shares Offered | 8,31,200 (14.18%) |
| Retail Shares Offered | 19,39,200 (33.09%) |
| Total Shares Offered | 58,60,000 (100.00%) |
Usha Financial IPO raises ₹27.90 crore from anchor investors. Usha Financial IPO Anchor bid date is October 23, 2024. Usha Financial IPO Anchor Investors list
| Bid Date | October 23, 2024 |
| Shares Offered | 16,60,800 |
| 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 IPO opens on October 24, 2024, and closes on October 28, 2024.
| IPO Open Date | Thu, Oct 24, 2024 |
| IPO Close Date | Mon, Oct 28, 2024 |
| Tentative Allotment | Tue, Oct 29, 2024 |
| Initiation of Refunds | Wed, Oct 30, 2024 |
| Credit of Shares to Demat | Wed, Oct 30, 2024 |
| Tentative Listing Date | Thu, Oct 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 28, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,34,400 |
| Retail (Max) | 1 | 800 | ₹1,34,400 |
| HNI (Min) | 2 | 1,600 | ₹2,68,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in May 1995, Usha Financial Services Limited is a non-banking finance company providing lending solutions to other NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs.
The company also provides Electric Vehicle (EV) financing services. It offers a diversified range of financial products to individuals, body corporates, NBFCs, and MSMEs.
The company has an AUM of Rs. 30,695.76 Lakhs and a Net worth of Rs. 10,602.63 Lakhs. It maintains a CRAR of 33.03% and a D/E Ratio of 1.71.
The company has maintained long-term relationships with its lenders. As of September 30, 2024, the company's lenders included four banks and 15 NBFCs.
The company utilizes two distinct business models to generate revenue: (A) Retail Lending and (B) Wholesale Lending.
The product portfolio of the company consists of the following
Competitive Strength
As of October 2024, the company had 43 employees.
Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 35,133.66 | 33,585.81 | 37,222.64 | 16,428.07 |
| Total Income | 2,681.26 | 6,396.05 | 4,618.73 | 2,531.36 |
| Profit After Tax | 504.16 | 1,344.95 | 1,016.55 | 414.42 |
| Net Worth | 11,106.79 | 10,602.63 | 8,207.38 | 4,767.58 |
| Reserves and Surplus | 9,519.03 | 9,014.87 | 7,265.57 | 4,109.41 |
| Total Borrowing | 18,861.94 | 18,128.22 | 24,751.41 | 9,723.22 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Usha Financial IPO is ₹365.19 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| ROE | 9.29% |
| ROCE | 12.02% |
| Debt/Equity | 1.70 |
| RoNW | 9.29% |
| Price to Book Value | 24.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.47 | 9.28 |
| P/E (x) | 19.83 | 18.11 |
The Company intends to utilize the Net Proceeds for the following objects:
[Dilip Davda] The company is engaged in providing financial services with major focus on B2B. It marked steady growth in its top and bottom lines for the reported periods. Based on FY25 annualized earnings, the issue appears aggressively priced. Management is confident of maintaining the margins going forward with IPO funding. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | October 31, 2024 |
| BSE Script Code | |
| NSE Symbol | USHAFIN |
| ISIN | INE0LS001014 |
| Final Issue Price | ₹168 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹168.00 |
| Open | ₹164.00 |
| Low | ₹155.80 |
| High | ₹168.00 |
| Last Trade | ₹155.85 |
Usha Financial Services Ltd.
330
Mezanine Floor Functional Industrial Estate
Patparganj
Delhi, New Delhi, 110092
Phone: 011 47019079
Email: compliance@ushafinancial.com
Website: https://www.ushafinancial.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Usha Financial IPO is a SME IPO of 58,60,000 equity shares of the face value of ₹10 aggregating up to ₹98.45 Crores. The issue is priced at ₹168 per share. The minimum order quantity is 800.
The IPO opens on October 24, 2024, and closes on October 28, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Usha Financial IPO using UPI as a payment gateway. Zerodha customers can apply in Usha Financial IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Usha Financial IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Usha Financial IPO opens on October 24, 2024 and closes on October 28, 2024.
Usha Financial IPO lot size is 800, and the minimum amount required for application is ₹1,34,400.
You can apply in Usha Financial IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Usha Financial IPO will be done on Tuesday, October 29, 2024, and the allotted shares will be credited to your demat account by Wednesday, October 30, 2024. Check the Usha Financial IPO allotment status.
The Usha Financial IPO listing date is on Thursday, October 31, 2024.
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