Who is the CEO of Usha Financial Services Ltd (UFSL)?
- Answer Field
-
The CEO of Usha Financial Services Ltd is Mr. Rajesh Gupta.
BAJAJ BROKING
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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Nerolac Paints Q2 Results FY24-25 Preview | Estimate
05 Nov, 2024 | 1 Min. read
Commodities Market Today
05 Nov, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints At Flat Market Open, Range-Bound Trend
05 Nov, 2024 | 4 Min. read
Solar Industries Secures ₹399 Crore Defence Export Order
05 Nov, 2024 | 2 Min. read
Gold Rate Today | Gold Dips 0.2% To $2,745, Silver Falls 0.3% To $32.59
05 Nov, 2024 | 2 Min. read
Suzuki Launches First EV, e Vitara, in Europe
05 Nov, 2024 | 2 Min. read
Reliance Jio IPO Set For 2025; Retail Debut Postponed
05 Nov, 2024 | 2 Min. read
Revenue Vs. Profit: Important Differences You Need To Know
05 Nov, 2024 | 6 Min. read
Afcons Infra Wins ₹1,006.74 Crore Bhopal Metro Contract
05 Nov, 2024 | 2 Min. read
Understand: Share Price Calculation in Online Stock Trading Market
05 Nov, 2024 | 9 Min. read
Ashoka Buildcon Wins ₹312 Crore Substation Contract in Maharashtra
04 Nov, 2024 | 2 Min. read
NCC Secures Orders Worth ₹3,496 Crore in October 2024
04 Nov, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
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.
No Result Found
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading