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Usha Financial Services Ltd

Finance

Offer Period :

24th to 28th Oct 2024

Usha Financial Services Ltd IPO Details

IPO Date 24th to 28th Oct 2024 Minimum Investment ₹134400 / 1 Lots
Listing Date 2024-10-31 Maximum Investment ₹134400 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹98.45 Crores
Price ₹168 to ₹168 per share Fresh Issue ₹98.45 Crores
Lot Size 1 Lots (800 Shares) Offer For Sale ₹ [-]
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 15877631 Shares
Issue Type Book Building - SME Shareholding Post Issue 21737631 Shares
IPO Date 24th to 28th Oct 2024
Listing Date 2024-10-31
Face Value ₹10 per share
Price ₹168 to ₹168 per share
Lot Size 1 Lots (800 Shares)
Listing At NSE-SME
Total Issue Size ₹98.45 Crores
Employee Discount ₹0 per share
Issue Type Book Building - SME
Minimum Investment ₹134400 / 1 Lots
Maximum Investment ₹134400 / 1 Lots
Fresh Issue ₹98.45 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 15877631 Shares
Shareholding Post Issue 21737631 Shares

About Usha Financial Services Ltd IPO

Founding Head: 1995

Managing Director: Rajesh Gupta

USHA FINANCIAL SERVICES LIMITED Timeline

Important dates for allocation and IPO listing.

24th Oct

IPO Opens

28th Oct

IPO Close

29th Oct

Allotment Date

30th Oct

Initiation of Refund

30th Oct

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 98.91 72.25
Public Group 1.09 27.75

Usha Financial Services Ltd IPO Reservation

QIB Shares Offered 1108000(18.91%)
NII (HNI) Shares Offered 831200(14.18%)
Retail Shares Offered 1939200(33.09%)
Anchor Investor Shares Offered 1660800(28.34%)
Total Shares Offered 5860000
Total Shares With Anchor Investor 5860000

Usha Financial Services Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 ₹134400
Retail (Max) 1 800 ₹134400
S HNI (Min) 2 1600 ₹268800
S HNI (Max) 7 5600 ₹940800
B HNI (MIN) 8 6400 ₹1075200

Usha Financial Services Ltd IPO Anchor Investor Details

Bid Date -
Shares Offered 0
Anchor Portion Size 0

Usha Financial Services Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91-11-40450193-97,
Email Id compliances@skylinerta.com
Our Website www.skylinerta.com

Usha Financial Services Ltd IPO Lead Manager

1. Narnolia Financial Services Ltd

2. Unistone Capital Pvt Ltd

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Usha Financial Services Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹106.03 ₹82.07 ₹48.22
Reserves and Surplus ₹90.15 ₹72.66 ₹41.64
Total Borrowing ₹181.28 ₹247.51 ₹97.23

Usha Financial Services Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 11127200 0
Non Institutional Investors (NIIs) 0 24048800 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 40255200 0
Total 4199200 75431200 17.9632

Strength of Usha Financial Services Ltd

1. Good track record.

2. Leveraging the experience of our Promoters.

3. Experienced management team and a motivated and efficient work force.

Risks Involved

1. The company requires substantial capital for its business and any disruption in the cost and availability of capital, including the company sources of financing, could have an adverse effect on its business, results of operations, financial condition and cash flows.

2. Any deterioration in the credit quality of its loans could adversely affect the company's business, results of operations, financial condition and cash flows.

3. While the company has applied for consent to undertake the Offer from certain of its lenders, the company has not received consents from some of these lenders as on the date of this Draft Red Herring Prospectus. Any failures to obtain these consents could lead to changes in its plans or strategies, including the company capital raising plan through the Offer.

4. The company depends on the accuracy and completeness of information provided by its borrowers. Any misleading information provided to it by the company borrowers may affect its judgement of their credit worthiness, which could have an adverse effect on its business, cash flows, results of operations, financial condition.

5. A major portion of its expenses is incurred in Portfolio Management charges included in other expenses. Its Inability to effectively reduce and control these expenses may adversely impact its profitability in the future.

6. The company depends on a limited number of customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company major customers may adversely affect its business, financial condition, results of operations and prospects.

7. Its top two states contribute the company major revenue for the year ended 31st March 2024, 2023, 2022. Any loss of business from one or more of these states may adversely affect its revenues and profitability.

8. Its contingent liabilities as stated in the company Restated Financial Statements could adversely affect its financial conditions.

9. Its underwriting, risk management and collection processes may not be able to effectively identify, monitor or mitigate the risks in its lending operations.

10. The company is required to comply with guidelines issued by regulatory authorities in India, which are evolving and may increase its compliance costs and subject it to penalties.

Why should you invest in

-

Usha Financial Services Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

USHA FINANCIAL SERVICES LIMITED IPO Contact Details

Usha Financial Services Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-31 93327 USHAFIN
INE0LS001014
₹168 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹168 ₹168
Open ₹0 ₹164
Low ₹0 ₹155.8
High ₹0 ₹168
Low ₹0 ₹155.8

Frequently Asked Questions

What is Usha Financial Services Ltd IPO?

Answer Field

Usha Financial Services Ltd IPO is a SME IPO of 58,60,000 equity shares of a face value of ₹10 aggregating up to ₹98.45 Crores. The issue is priced at ₹168 to ₹168 per share. The minimum order quantity is 800 Shares. The IPO opens on October 24, 2024, and closes on October 28, 2024. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Usha Financial Services Ltd IPO will open?

Answer Field

The Usha Financial Services Ltd IPO opens on October 24, 2024 and closes on October 28, 2024.

What is the lot size of Usha Financial Services Ltd?

Answer Field

Usha Financial Services Ltd lot size is 800 shares, and the minimum amount required is ₹1,34,400.

How to apply for Usha Financial Services Ltd IPO?

Answer Field

You can apply in Usha Financial Services Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Usha Financial Services Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Usha Financial Services Ltd IPO will be done on October 29, 2024, and the allotted shares will be credited to your demat account by October 30, 2024.

When is Usha Financial Services Ltd IPO listing date?

Answer Field

The Usha Financial Services Ltd listing date is October 31, 2024.

Who is the registrar of Usha Financial Services Ltd IPO?

Answer Field

The registrar of Usha Financial Services Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Narnolia Financial Services Ltd,Unistone Capital Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Usha Financial Services Ltd IPO?

Answer Field

The fresh issue size is ₹98.45 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Usha Financial Services Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 800 shares and ₹1,34,400 amount.

How can I approve the UPI mandate request for Usha Financial Services Ltd IPO?

Answer Field

To apply for Usha Financial Services Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Usha Financial Services Ltd?

Answer Field

The price of each Usha Financial Services Ltd share will be ranging in between ₹168 to ₹168 per share.

What is the cut-off time for the UPI mandate for Usha Financial Services Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 28, 2024.

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