Contents
Usha Financial Services Limited is all set to hit the market with its Initial Public Offering (IPO). This article provides a comprehensive overview of the IPO, including its key details, timeline, and investment considerations.
Usha Financial Services IPO Details
| Feature | Details |
|---|---|
| Issue Type | Book Built Issue |
| Total Issue Size | 5,860,000 shares (aggregating up to ₹98.45 Crores) |
| Price Band | ₹160 to ₹168 per share |
| Face Value | ₹10 per share |
| Minimum Lot Size | 800 Shares |
| Listing Date | Thursday, October 31, 2024 (Tentative) |
| Listing Exchange | NSE SME |
| Book Running Lead Managers | Narnolia Financial Services Ltd and Unistone Capital Pvt Ltd |
| Registrar | Skyline Financial Services Private Ltd |
| Market Maker | Ss Corporate Securities |
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
Investment Considerations
- Minimum Investment: ₹134,400 for retail investors, ₹268,800 for HNI investors.
- Promoter Holding: 72.24% post-issue
- Anchor Investors: Raised ₹27.90 crore from anchor investors
- Company Financials: Positive growth in revenue and profit in the previous fiscal year.
- Focus Areas: Lending solutions to NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs.
- Competitive Strengths:
- Experienced management team
- Strategic partnerships
- Robust customer due diligence processes
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 9.29% |
| ROCE | 12.02% |
| Debt/Equity | 1.7 |
| RoNW | 9.29% |
| P/BV | 24 |
Company Financials
| Period Ended | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) | Net Worth (₹ Lakhs) |
|---|---|---|---|---|
| 30 Jun 2024 | 35,133.66 | 2,681.26 | 504.16 | 11,106.79 |
| 31 Mar 2024 | 33,585.81 | 6,396.05 | 1,344.95 | 10,602.63 |
| 31 Mar 2023 | 37,222.64 | 4,618.73 | 1,016.55 | 8,207.38 |
| 31 Mar 2022 | 16,428.07 | 2,531.36 | 414.42 | 4,767.58 |
Objects of the Issue
- Augment the capital base of the Company
- General Corporate Purposes
Conclusion
The Usha Financial Services IPO presents an opportunity for investors looking to participate in the growth of a non-banking finance company with a focus on lending solutions. Before investing, it is advisable to conduct thorough research and consider factors such as the company’s financials, industry trends, and risk tolerance.
For more detailed information, refer to the Usha Financial Services IPO Red Herring Prospectus (RHP).
Related IPO – Freshara Agro Exports IPO
Note: This information is based on the provided data and may be subject to change. It is recommended to consult with a financial advisor before making any investment decisions.
FAQs about Usha Financial Services IPO
Usha Financial Services IPO – FAQs
1. What is the Usha Financial Services IPO?
The Usha Financial Services IPO is an Initial Public Offering through which Usha Financial Services Limited is looking to raise funds by offering shares to the public.
2. What is the issue size of the IPO?
The total issue size is 5,860,000 shares, aggregating up to ₹98.45 Crores.
3. What is the price band for the IPO?
The price band for the IPO is set between ₹160 to ₹168 per share.
4. What is the minimum investment required?
The minimum investment for retail investors is ₹134,400 (800 shares at the upper price band of ₹168). For High Net-Worth Individuals (HNIs), the minimum investment is ₹268,800.
5. When will the IPO open and close?
The IPO is scheduled to open on Thursday, October 24, 2024, and will close on Monday, October 28, 2024.
6. When will the shares be credited to my Demat account?
Shares will be credited to the Demat accounts on Wednesday, October 30, 2024.
7. What are the key financial highlights of the company?
The company has shown positive growth in revenue and profit in the last fiscal year, with a Return on Equity (ROE) of 9.29% and a Return on Capital Employed (ROCE) of 12.02%.
8. What are the objectives of the IPO?
The primary objectives are to augment the capital base of the company and to fund general corporate purposes.
9. Who are the Book Running Lead Managers for the IPO?
The Book Running Lead Managers for the IPO are Narnolia Financial Services Ltd and Unistone Capital Pvt Ltd.
10. On which exchange will the shares be listed?
The shares are expected to be listed on the NSE SME (National Stock Exchange Small and Medium Enterprises).
11. Should I invest in the Usha Financial Services IPO?
Investing in an IPO involves risks. It is recommended to conduct thorough research and consult with a financial advisor to determine if this investment aligns with your financial goals and risk tolerance.
12. Where can I find more detailed information?
For more detailed information, you can refer to the Usha Financial Services IPO Red Herring Prospectus (RHP).
