Who is the CEO of Usha Financial Services Ltd (UFSL)?
- Answer Field
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The CEO of Usha Financial Services Ltd is Mr. Rajesh Gupta.
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Overview of the Company
Usha Financial Services Limited (UFSL) is a non-banking financial company (NBFC) that provides lending solutions to other NBFCs, corporates, MSMEs, and individuals, with a special focus on women entrepreneurs and electric vehicle (EV) financing. Incorporated in 1995, the company has a diverse product portfolio that includes retail and wholesale lending. UFSL’s operations aim to empower small entrepreneurs and promote green financing initiatives.
Core Business and Market Position
UFSL has built a strong market position by strategically partnering with NBFCs and other business correspondents. The company’s diversified product offerings cater to the unique financial needs of MSMEs, corporates, and individual borrowers. With an assets under management (AUM) of ?30,695.76 lakhs and a net worth of ?10,602.63 lakhs as of September 2024, UFSL is well-positioned to leverage its experience and expand its reach through the upcoming IPO.
IPO Details | Information |
IPO Type | Book Building |
Fresh Issue Size | 58,60,000 Equity Shares |
Face Value | ?10 per share |
Price Band | ?160 to ?168 per share |
Listing Platform | NSE SME |
Total Issue Size | ?98.45 Crores |
Market Maker Portion | 3,20,800 shares |
Purpose of the IPO:
The proceeds from the IPO will be used to augment the capital base, invest in technology, and fund general corporate purposes. Additionally, the company aims to expand its lending portfolio and enhance operational efficiency.
Event | Date |
IPO Open Date | October 24, 2024 |
IPO Close Date | October 28, 2024 |
Basis of Allotment | October 29, 2024 |
Refund Initiation | October 30, 2024 |
Credit of Shares to Demat | October 30, 2024 |
Listing Date | October 31, 2024 |
KPI | Value |
Return on Equity (ROE) | 9.29% |
Return on Capital Employed (ROCE) | 12.02% |
Debt/Equity Ratio | 1.7 |
P/E (Post IPO) | 18.11 |
Price to Book Value (P/BV) | 24 |
Registrar | Contact Information |
Skyline Financial Services | D-153 A, 1st Floor, Okhla Industrial Area, New Delhi-110020 |
Telephone | +91-11-40450193-97 |
compliances@skylinerta.com |
Lead Manager | Contact Information |
Narnolia Financial Services Ltd | 201, 2nd Floor, Marble Arch, Kolkata-700020 |
Unistone Capital Private Limited | A/305, Dynasty Business Park, Andheri, Mumbai-400059 |
CEO Mr. Rajesh Gupta views this IPO as a steppingstone toward long-term growth for UFSL. By raising capital through this IPO, the company plans to expand its market reach, further innovate in green financing, and continue supporting MSMEs and women entrepreneurs.
Registered Office
330, Mezzanine Floor, Functional Industrial Estate, Patparganj, Delhi - 110092, India.
Usha Financial Services IPO offers an opportunity for investors to engage with a company that operates in a growing sector of the NBFC space. With its diversified product offerings and focus on innovative financial solutions, UFSL has positioned itself as a key player in the financial services market. Investors should carefully evaluate the risks and company fundamentals before making their investment decisions.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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The CEO of Usha Financial Services Ltd is Mr. Rajesh Gupta.
The IPO will open for subscription on October 24, 2024.
This IPO allows UFSL to raise capital for expanding its lending operations and explore new growth areas like EV financing.
The price band for the IPO is set between ₹160 and ₹168 per share, based on the company’s financial metrics and market conditions.
You can apply through your Demat account using the ASBA process.
Risks include market volatility and competition. Rewards include exposure to a growing sector with unique financing offerings.
The shares will be listed on October 31, 2024.
Investors should review the Red Herring Prospectus and financial statements.
The lock-up period applies to 50% of shares for 30 days, and the remaining for 90 days.
The company has not yet declared a dividend policy; check the financial statements for more information.
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