Usha Financial Services
Listed
Listed
IPO Timeline
Issue open date
24 Oct 2024Issue close date
28 Oct 2024UPI mandate deadline
28 Oct 2024Allotment finalization
29 Oct 2024Refund initiation
30 Oct 2024Share credit
30 Oct 2024Listing date
31 Oct 2024Mandate end date
12 Nov 2024Lock-in end date for anchor investors (50%)
28 Nov 2024Lock-in end date for anchor investors (remaining)
27 Jan 2025Key Dates
Open
24 Oct 2024Close
28 Oct 2024Listing
31 Oct 2024Quick Stats
Issue Size:98cr
Lot Size:800 shares
About the Company
Usha Financial Services Limited, established in 1995, is a non-banking finance company (NBFC) offering lending solutions to other NBFCs, corporates, MSMEs, and individuals, with a focus on financing for women entrepreneurs and Electric Vehicle (EV) initiatives.Operating through Retail Lending and Wholesale Lending models, it provides a range of financial products such as green financing and MSME loans. Currently, the company collaborates with 4 banks and 15 NBFCs to support its lending activities.
Strengths
- Strategic partnerships with NBFCs expand the company’s lending reach across urban, semi-urban, and rural India.
- Strong risk management and due diligence processes ensure thorough customer evaluation and regulatory compliance.
- Experienced management team with over 25 years in the industry drives growth and client satisfaction.
Risks
- The business requires substantial capital, and disruptions in financing could negatively impact operations and cash flows.
- Dependence on a limited number of customers for a significant share of revenue creates risks if major clients are lost.
- Deterioration in credit quality and rising NPAs may adversely affect financial performance and cash flows.
- Regulatory changes by the RBI could impose additional costs or require restructuring, impacting business operations.
- Manual underwriting and risk management processes could lead to inaccuracies, affecting credit assessments and financial results.
Usha Financial Services IPO – Frequently Asked Questions
- The price band for the Usha Financial Services IPO is set at ₹160 to ₹168 per share.
- The Usha Financial Services IPO opens on October 24, 2024 and closes on October 28, 2024.
- The tentative listing date for the Usha Financial Services IPO is October 31, 2024.
- You can apply for the Usha Financial Services IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Usha Financial Services, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Usha Financial Services IPO is 800 shares. Investors must apply for at least one lot (i.e., 800 shares).