Usha Financial Services Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,768,800 (47%) | — | ₹4,652 Cr |
| NII (HNI) | — | 831,200 (14%) | — | ₹1,396 Cr |
| Retail | — | 1,939,200 (33%) | — | ₹3,258 Cr |
| Market Maker | — | 320,800 (5% | — | ₹54 Cr |
| Σ Total | — | 5,860,000 (100%) | — | ₹98,448 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹134,400 |
| Retail (Max) | 13 | 10,400 | ₹1,747,200 |
| S-HNI (Min) | 14 | 11,200 | ₹1,881,600 |
| B-HNI (Min) | 67 | 53,600 | ₹9,004,800 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 2,681 | 6,396 | 4,619 |
| Profit After Tax | 504 | 1,345 | 1,017 |
| Net Worth | 11,107 | 10,603 | 8,207 |
| Total Assets | 35,134 | 33,586 | 37,223 |
| Reserves & Surplus | 9,519 | 9,015 | 7,266 |
| Total Borrowing | 18,862 | 18,128 | 24,751 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Augment the capital base of the Company –
- General Corporate Purposes. –
Company Overview
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 also provides Electric Vehicle (EV) financing services. It offers a diversified range of financial products to individuals, body corporates, NBFCs, and MSMEs.
The company has an AUM of Rs. 30,695.76 Lakhs and a Net worth of Rs. 10,602.63 Lakhs. It maintains a CRAR of 33.03% and a D/E Ratio of 1.71.
The company has maintained long-term relationships with its lenders. As of September 30, 2024, the company's lenders included four banks and 15 NBFCs.
The company utilizes two distinct business models to generate revenue: (A) Retail Lending and (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
Competitive Strength
- Experienced management team
- The company has strategic agreements with NBFCs and other entities, its 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.
As of October 2024, the company had 43 employees.