Usha Financial Services Limited was established in 1955 in Patparganj, Delhi. It is an NBFC company that provides solutions to other NBFCs, MSMEs, and individuals, with a particular focus on women entrepreneurs and expanding their Electric Vehicle finance. In FY 2024, the company had a total net worth of 10,602.63, and in FY 2023, it was 8,207.38.
Usha Financial Services IPO price band is ₹160 to ₹168 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Usha Financial Services IPO to list on NSE on October 31, 2024. The allotment of Usha Financial Services IPO date is October 29, 2024. The company reported revenue of ₹63.96 crores in 2024 against ₹46.19 crore in 2023. The company reported profit of ₹13.45 crores in 2024 against profit of ₹10.17 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Usha Financial Services IPO Details
| IPO Open Date: | October 24, 2024 |
| IPO Close Date: | October 28, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹160 to ₹168 Per Share |
| Issue Size: | Approx ₹98.45 Crores |
| Fresh Issue: | Approx ₹98.45 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Usha Financial Services IPO Timeline
The Usha Financial Services IPO date is October 24, 2024 and the close date is October 28, 2024. The Usha Financial Services IPO allotment will be finalized on October 29, 2024 and the IPO listing on October 31, 2024.
| IPO Open Date: | October 24, 2024 |
| IPO Close Date: | October 28, 2024 |
| Basis of Allotment: | October 29, 2024 |
| Refunds: | October 30, 2024 |
| Credit to Demat Account: | October 30, 2024 |
| IPO Listing Date: | October 31, 2024 |
Usha Financial Services IPO Market Lot
The Usha Financial Services IPO minimum market lot is 800 shares with ₹134,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹134,400 |
| Retail Maximum | 1 | 800 | ₹134,400 |
| S-HNI Minimum | 2 | 1,600 | ₹268,800 |
Financial Report: Usha Financial Services IPO
The company reported revenue of ₹63.96 crores in 2024 against ₹46.19 crore in 2023. The company reported profit of ₹13.45 crores in 2024 against profit of ₹10.17 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹25.31 | ₹19.83 | ₹4.14 | ₹164.28 |
| 2023 | ₹46.19 | ₹32.40 | ₹10.17 | ₹372.23 |
| 2024 | ₹63.96 | ₹46.23 | ₹13.45 | ₹335.86 |
| June 2024 | ₹26.81 | ₹20.19 | ₹5.04 | ₹351.34 |
