Usha Financial Services Limited IPO GMP Today, Date, Price, Subscription Status

Usha Financial Services Limited IPO Overview

The Usha Financial Services IPO is a book-built issue worth ₹98.45 crores, featuring a fresh issue of 58.6 lakh shares. It opens for subscription from October 24 to October 28, 2024, with the allotment expected to be finalized on October 29. The tentative listing date on NSE SME is set for October 31, 2024. The price band for the IPO is established at ₹160 to ₹168 per share, with a minimum lot size of 800 shares, requiring a retail investment of ₹134,400.

High-net-worth individuals (HNIs) must invest a minimum of ₹268,800 for two lots (1,600 shares). The book-running  lead managers for the Usha Financial Services IPO are Narnolia Financial Services Ltd and Unistone Capital Pvt Ltd, while Skyline Financial Services Private Ltd acts as the registrar. Ss Corporate Securities serves as the market maker for the IPO.

Refer to Usha Financial Services IPO RHP for detailed information.

Usha Financial Services Limited IPO Important dates

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

IPO Open Date	Thursday, October 24, 2024
IPO Close Date	Monday, October 28, 2024
Basis of Allotment	Tuesday, October 29, 2024
Initiation of Refunds	Wednesday, October 30, 2024
Credit of Shares to Demat	Wednesday, October 30, 2024
Listing Date	Thursday, October 31, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 28, 2024

Usha Financial Services Limited Financial Performance

Usha Financial Services Limited’s revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	Assets (in Crores)	Revenue (in Crores)	Profit After Tax (in Crores)	Net Worth (in Crores)	Reserves and Surplus (in Crores)	Total Borrowing (in Crores)
30 Jun 2024	35.13 Crores	2.68 Crores	0.50 Crores	11.11 Crores	9.52 Crores	188.62 Crores
31 Mar 2024	33.59 Crores	63.96 Crores	13.45 Crores	10.60 Crores	90.15 Crores	181.28 Crores
31 Mar 2023	37.22 Crores	46.19 Crores	10.17 Crores	82.07 Crores	72.66 Crores	247.51 Crores
31 Mar 2022	16.43 Crores	25.31 Crores	4.14 Crores	47.68 Crores	41.09 Crores	97.23 Crores

Usha Financial Services Limited IPO Key Performance Indicator

The market capitalization of Usha Financial Services IPO is Rs 365.19 Cr. KPI as of June 30, 2024.

Usha Financial Services Limited IPO Objectives

The Company intends to utilize the Net Proceeds for the following objects:

1. Augment the capital base of the Company
2. General Corporate Purposes.

Usha Financial Services Limited IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	800	₹134,400
Retail (Max)	1	800	₹134,400
HNI (Min)	2	1,600	₹268,800

Usha Financial Services Limited IPO Details

IPO Date	October 24, 2024 to October 28, 2024
Listing Date	[October 31, 2024]
Face Value	₹10 per share
Price Band	₹160 to ₹168 per share
Lot Size	800 Shares
Total Issue Size	5,860,000 shares (aggregating up to ₹98.45 Cr)
Fresh Issue	5,860,000 shares (aggregating up to ₹98.45 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	15,877,631
Share holding post issue	21,737,631
Market Maker portion	320,800 shares Ss Corporate Securities

Usha Financial Services Limited Company Overview and Services

Incorporation and Overview
Founded in May 1995, Usha Financial Services Limited is a prominent non-banking finance company (NBFC) specializing in comprehensive lending solutions for a diverse clientele, including other NBFCs, corporates, micro, small, and medium enterprises (MSMEs), and individuals, with a special focus on women entrepreneurs.

Innovative Financing Solutions
Usha Financial Services is at the forefront of the evolving financial landscape, providing specialized services in Electric Vehicle (EV) financing. The company boasts a wide range of financial products tailored for individuals, body corporates, other NBFCs, and MSMEs, making it a versatile player in the financial services sector.

Key Financial Metrics

• Assets Under Management (AUM): ₹30,695.76 Lakhs
• Net Worth: ₹10,602.63 Lakhs
• Capital to Risk-Weighted Assets Ratio (CRAR): 33.03%
• Debt-to-Equity (D/E) Ratio: 1.71

Usha Financial Services has built and maintained long-term relationships with its lenders. As of September 30, 2024, the company’s lending partners include four banks and 15 NBFCs, among others, ensuring robust financial backing.

Revenue Generation Models
The company employs two distinct business models to generate revenue:

1. Retail Lending
2. Wholesale Lending

This diversified approach allows Usha Financial Services to effectively meet the varied needs of its clients while maximizing revenue potential.

Product Portfolio
Usha Financial Services offers a comprehensive product portfolio that includes:

• Loans to Other NBFCs and Corporates
• Green Financing/Electric Vehicle Financing
• Financial Solutions for MSMEs focused on empowering small entrepreneurs

Competitive Strengths
Usha Financial Services stands out in the competitive financial landscape due to its:

• Experienced Management Team: A skilled leadership team with extensive industry knowledge.
• Strategic Partnerships: Collaborations with other NBFCs and key stakeholders enhance retail lending capabilities and provide access to extensive borrower networks.
• Thorough Customer Due Diligence: Rigorous due diligence processes ensure multiple levels of checks and controls, fostering trust and reliability.

As of October 2024, Usha Financial Services employs 43 dedicated professionals, underscoring its commitment to delivering exceptional service.

Usha Financial Services Limited IPO SWOT Analysis

Strengths:

1. Established Brand Reputation: Usha Financial Services has built a strong brand presence in the financial sector, enhancing investor confidence.
2. Diverse Financial Services: The company offers a range of financial products and services, including loans, insurance, and investment advisory, catering to various customer needs.
3. Experienced Management Team: The company is led by a team with extensive experience in finance, which is crucial for strategic decision-making and growth.
4. Strong Customer Base: Usha Financial Services has a loyal customer base, which can drive repeat business and referrals.
5. Technological Advancements: The company’s investment in technology enhances operational efficiency and improves customer service.

Weaknesses:

1. Limited Geographical Presence: If the company’s operations are primarily concentrated in specific regions, it may limit growth opportunities in other markets.
2. Regulatory Challenges: The financial services sector is heavily regulated, and changes in regulations can impact business operations.
3. High Competition: The presence of numerous competitors in the financial services sector may affect market share and profitability.
4. Dependence on Economic Conditions: The company’s performance is closely tied to economic conditions; economic downturns may lead to higher default rates on loans.

Opportunities:

1. Growing Financial Literacy: Increasing financial literacy among the population presents opportunities for expanding customer acquisition.
2. Expansion into New Markets: The company can explore opportunities to expand its services to new geographical areas or demographics.
3. Digital Transformation: Embracing digital channels can enhance customer engagement and reduce operational costs.
4. Rising Demand for Financial Services: There is a growing demand for personal loans, insurance, and investment services, providing opportunities for growth.
5. Strategic Partnerships: Collaborating with fintech companies or other financial institutions can enhance service offerings and reach.

Threats:

1. Economic Uncertainty: Economic fluctuations or recessions can negatively impact the financial services sector.
2. Changing Regulations: Frequent changes in financial regulations can create compliance challenges and affect business operations.
3. Technological Disruptions: The rise of fintech companies may pose a threat to traditional financial service providers, impacting market share.
4. Market Volatility: Fluctuations in the financial markets can affect investment performance and overall profitability.
5. Cybersecurity Risks: As the company invests in technology, it may become more vulnerable to cyber threats and data breaches.

Usha Financial Services Limited IPO GMP Details

Usha Financial Services SME IPO last GMP is ₹10, last updated Oct 29th 2024 09:58 AM. With the price band of 168.00, Usha Financial Services SME IPO’s estimated listing price is ₹178 (cap price + today’s GMP).

The lowest GMP is ₹0, while the highest GMP is ₹51. Stay with us to know the daily price trend of Usha Financial Services SME IPO GMP with expected listing price.

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
29-10-2024 Allotment	168.00	₹10	6100	₹178 (5.95%)	29-Oct-2024
28-10-2024 Close	168.00	₹10	6100	₹178 (5.95%)	28-Oct-2024
27-10-2024	168.00	₹30	18200	₹198 (17.86%)	27-Oct-2024
26-10-2024	168.00	₹30	18200	₹198 (17.86%)	26-Oct-2024
25-10-2024	168.00	₹30	18200	₹198 (17.86%)	25-Oct-2024
24-10-2024 Open	168.00	₹51	31000	₹219 (30.36%)	24-Oct-2024
23-10-2024	168.00	₹45	27400	₹213 (26.79%)	23-Oct-2024
22-10-2024	168.00	₹45	27400	₹213 (26.79%)	22-Oct-2024
21-10-2024	168.00	₹45	27400	₹213 (26.79%)	21-Oct-2024

What is IPO GMP?

The grey market premium (GMP) indicates the unofficial trading price of an IPO before its listing and provides insights into potential market performance. A positive GMP suggests that the IPO of Usha Financial Services IPO may yield profits, while a negative GMP signals a possible discount at listing. However, it’s crucial to understand that IPO GMP can be highly volatile. Therefore, investors should not base their decisions solely on Usha Financial Services IPO GMP but should carefully evaluate all relevant factors before investing. Important Points to Consider About the Grey Market.

Usha Financial Services Limited IPO Subscription status 

Total Application : 54,359 (22.43 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 320,800 equity shares not included.

Usha Financial Services Limited IPO Allotment status 

The allotment status of Usha Financial Services IPO is expected to be available on October 29, 2024.

Usha Financial Services IPO allotment status is not available at this time. Usha Financial Services IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Usha Financial Services Limited IPO allotment status.

To check Usha Financial Services IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Skyline Financial Services Private Ltd either by phone or email. Investors can call on 02228511022 or send an email with all relevant details to compliances@skylinerta.com.

Usha Financial Services Limited Contact Details

Usha Financial Services Limited
330, Mezanine Floor Functional Industrial Estate
Patparganj
Delhi- 110092,
Phone: 011 47019079
Email: compliance@ushafinancial.com
Website: https://www.ushafinancial.com/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.