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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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Usha Financial Services Limited IPO, GMP, Details, Price, And Review GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-28 | 168 | 30(17.86%) | 2024-10-28 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Usha Financial Services Limited IPO, GMP, Details, Price, And Review 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 | 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 |
| Shareholding pre issue | 15,877,631 |
| Shareholding post issue | 21,737,631 |
| Market Maker portion | 320,800 shares Ss Corporate Securities |
Usha Financial Services Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| 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 IPO, GMP, Details, Price, And Review Lot Size
| 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 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 Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 98.91% | 72.24% |
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 |
Competitive Strength:
- ● 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.
Usha Financial Services Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
View RHPDRHP:
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Frequently Asked Questions (FAQs)
-
What is the Usha Financial Services IPO?
Usha Financial Services IPO is an SME IPO. The company is going to raise ₹98.45 Crores via IPO. The issue is priced at ₹160 to ₹168 per equity share. The IPO is to be listed on NSE.
-
When will the Usha Financial Services IPO open for subscription?
The IPO is to open on October 24, 2024, for QIB, NII, and Retail Investors. The IPO will close on October 28, 2024.
-
What is Usha Financial Services IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Usha Financial Services IPO Issue Size?
Usha Financial Services IPO issue size is ₹98.45 crores.
-
What is Usha Financial Services IPO Price Band?
Usha Financial Services IPO Price Band is ₹160 to ₹168.
-
What is Usha Financial Services IPO Lot Size?
The minimum bid is 800 Shares with ₹134,400 amount.
