Usha Financial Services Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 24, 2024 to October 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 160 to ₹ 168 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 58,60,000 shares (aggregating up to ₹ 98.45 Cr) |
| Fresh Issue | 58,60,000 shares (aggregating up to ₹ 98.45 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,58,77,631 |
| Shareholding post issue | 2,17,37,631 |
| Market Maker portion | 3,20,800 shares Ss Corporate Securities |
About Usha Financial Services Limited IPO, GMP, Details, Price, And Review
Incorporated in May 1995, Usha Financial Services Limited is a non-banking finance company providing lending solutions to other NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs. The company has maintained long-term relationships with its lenders. As of September 30, 2024, its lenders included four banks and 15 NBFCs, among others.
The company utilizes two distinct business models to generate revenue:
(A) Retail Lending
(B) Wholesale Lending
The product portfolio of the company consists of the following:
• Loans to Other NBFCs and Corporates
• Green financing/ electric vehicle financing
• MSMEs, focusing on small entrepreneurs
Usha Financial Services IPO Overview:
• Issue Size: ₹98.45 crores
• Fresh Issue: 58.6 lakh shares
• Price Band: ₹160 to ₹168 per share
• Minimum Lot Size: 800 shares
Important Dates
• Opening Date: October 24, 2024
• Closing Date: October 28, 2024
Key Management
• Book Running Lead Managers:
· Narnolia Financial Services Ltd
· Unistone Capital Pvt Ltd
• Registrar: Skyline Financial Services Private Ltd
• Market Maker: Corporate Securities
Usha Financial Services Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Usha Financial Services IPO Anchor Investors Details
| Bid Date | October 23, 2024 |
| Shares Offered | 1,660,800 |
| Anchor Portion Size (In Cr.) | 27.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 27, 2025 |
Objectives of Usha Financial Services IPO
-
The Company intends to utilize the Net Proceeds for the following objectives:
- 1. Augment the capital base of the Company.
- 2. General Corporate Purposes.
Usha Financial Services Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
₹ 2,681.26 Cr
Profit After Tax
₹ 504.16 Cr
Net Worth
₹ 11,106.79 Cr
Total Borrowing
₹ 18,861.94 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 30 June 2024 | 35,133.66 | 2,681.26 | 504.16 | 11,106.79 | 18,861.94 |
| 31 Mar 2024 | 33,585.81 | 6,396.05 | 1,344.95 | 10,602.63 | 18,128.22 |
| 31 Mar 2023 | 37,222.64 | 4,618.73 | 1,016.55 | 8,207.38 | 24,751.41 |
| 31 Mar 2022 | 16,428.07 | 2,531.36 | 414.42 | 4,767.58 | 9,723.22 |
| Amount in ₹ Crore | |||||
Usha Financial Services Limited IPO, GMP, Details, Price, And Review IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Usha Financial Services Limited IPO, GMP, Details, Price, And Review IPO GMP is currently trading at ₹3017, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹3185, which is 1795.83% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹168 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹3017 and a lot size of 800 shares.
Usha Financial Services Limited IPO, GMP, Details, Price, And Review IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-28 | ₹168 | ₹30(17.86%) | 2024-10-28 |
Usha Financial Services Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.29% |
| ROCE | 12.02% |
| Debt/Equity | 1.7 |
| RoNW | 9.29% |
| P/BV | 24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.47 | 9.28 |
| P/E (x) | 19.83 | 18.11 |
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Competitive Strengths
Experienced management team.
We have strategic agreements with NBFCs and other entities, the company's business partners/correspondents, which are crucial for its retail lending business, providing access to extensive borrower networks.
The extensive customer due diligence procedures include multiple levels of checks and controls.
Download regulatory filings
Usha Financial Services Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹ 1,34,400 |
| Retail (Max) | 1 | 800 | ₹ 1,34,400 |
| HNI (Min) | 2 | 1,600 | ₹ 2,68,800 |