Usha Financial Services Limited IPO
Usha Financial Services Limited IPO
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Usha Financial Services Limited's has transitioned to a publicly listed entity following its IPO debut on 31-10-2024 at the NSE exchange. The public offering successfully raised 58,60,000 Shares, consisting of 58,60,000 Sharesin new capital.
The IPO featured a competitive price range of ₹160 to ₹168 and minimum application size of 800 shares. Market reception was evidenced through subscription activity between 24-10-2024 and 28-10-2024, reflecting investor appetite for the offering.
Allotment of shares was completed on 29-10-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Usha Financial IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Usha Financial IPO Strength Factors
- 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.
Usha Financial IPO 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.
Usha Financial IPO Lead Manager(s)
- Narnolia Financial Services Limited
- Unistone Capital Private Limited
Usha Financial IPO Promoter(s)
- Mr. Rajesh Gupta
- Mr. Anoop Garg
- Ms. Geeta Goswami
- Ms. Nupur Gupta
- M/s BR Hands Investments Private Limited.
Usha Financial IPO FAQs
Usha Financial Services Limited IPO subscribed 19.45 times. The public issue subscribed 20.76 times in the retail category,10.04times in QIB, and -- times in the HNI (10+) category byNovember 18, 2025 12:26:56 PM (Day 18).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Usha Financial IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Usha Financial IPO FAQs
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