Usha Financial Services Limited
Bookbuilding IPO · NSE
- Price band
- ₹160 - ₹168
- Lot size
- 800 shares
- Issue amount
- ₹98.45 cr
- Total subscription
- 19.45×
- Opens
- 24 Oct 2024
- Closes
- 28 Oct 2024
- Allotment
- 29 Oct 2024
- Listing
- 31 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 58,60,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,28,000
- Fresh issue
- ₹98.45 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,34,400
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,58,77,631
- Shares after issue
- 2,17,37,631
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 800 | ₹1,34,400 |
| HNI | 2 | 1,600 | ₹2,68,800 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 13 |
| NIB | — | 4,027 |
| RETAIL | — | 50,319 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 18.61 | 186.94 |
| RETAIL | 32.58 | 676.29 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 3.18 | 8.64 | 7.42 |
| ROE | 9.29 | 14.3 | 15.67 |
| ROCE | 12.02 | 15.4 | 14.88 |
| RONW | 9.29 | 14.3 | 15.67 |
| PRE IPO(PE) | 19.83 | 0 | 0 |
| POST IPO(PE) | 18.11 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Usha Financial Services Limited, incorporated in May 1995, is a non-banking finance company (NBFC) providing diverse lending solutions to NBFCs, corporates, MSMEs, and individuals, with a special focus on women entrepreneurs. The company has also ventured into Electric Vehicle (EV) financing under its green financing initiatives. With an Assets Under Management (AUM) of ₹30,695.76 lakh, a net worth of ₹10,602.63 lakh, a strong CRAR of 33.03%, and a Debt-to-Equity ratio of 1.71, Usha Financial Services demonstrates solid financial stability. Its operations are supported by long-term relationships with 4 banks and 15 NBFCs as of September 30, 2024. The company operates through two segments—Retail Lending and Wholesale Lending—offering products such as loans to NBFCs and corporates, MSME financing, and green financing. As of October 2024, it employed 43 people.
Strengths
- Experienced Leadership: The company is led by a skilled team with deep knowledge of the financial services industry, helping drive its growth.
- Valuable Partnerships: Collaborations with NBFCs and business partners expand the company’s reach, making it easier to serve more borrowers.
- Thorough Screening: A strong due diligence process with multiple checks ensures responsible lending and effective risk management.
Risk factors
- Reliance on Capital: The business needs a lot of money to run smoothly. If financing becomes expensive or hard to get, it could affect operations and cash flow.
- Credit Risk: If customers struggle to repay their loans, it could hurt the company’s finances and overall stability.
- High Management Costs: A big chunk of expenses goes into managing the portfolio. If these costs aren’t controlled, profitability could take a hit.
Promoters
Mr. Rajesh Gupta
Mr. Anoop Garg
Ms. Geeta Goswami
Ms. Nupur Gupta
M/s BR Hands Investments Private Limited.
Registrar & documents
Lead manager
Narnolia Financial Services Limited, Unistone Capital Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
330, Mezanine Floor Functional Industrial Estate, Patparganj, Delhi- 110092
011 47019079
[email protected]Company website ↗Understanding USHAFIN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.