Usha Financial Services IPO GMP, Price Band, Open Date, Allotment Status

Usha Financial Services IPO GMP quotation is 45. The upper price band is decided at Rs 160 to Rs 168 per share. The grey market premium is fluctuating in the range between Rs 40 to Rs 80. GMP is an amount which shows how much premium an investor wants to pay for the upcoming IPO.

Usha Financial Services IPO GMP quotation is 45. The upper price band is decided at Rs 160 to Rs 168 per share. The grey market premium is fluctuating in the range between Rs 40 to Rs 80. GMP is an amount which shows how much premium an investor wants to pay for the upcoming IPO.

Usha Financial Services IPO opens for subscription from Thursday, October 24, 2024, and closes on Monday, October 28, 2024. It is a book-built issue of Rs 98.45 crores. This upcoming IPO is an entirely fresh issue of Rs 58.6 lakh equity shares.

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Usha Financial Services IPO GMP

Usha Financial Services IPO GMP quotation is Rs 45. It fell from Rs 80 to Rs 45 in the last few days. You can check the latest GMP price online to know the sentiment of this SME IPO. If the subscription got oversubscribed then Usha Financial Services IPO GMP might rise in the coming days.

Usha Financial Services IPO Price Band

Usha Financial Services IPO price band is Rs 160 to Rs 168 per share. The minimum lot size set for the retail category is 800 shares. The minimum lot size for HNI is 2 lots consisting of 1600 shares. The minimum investment required for retail category investors is Rs 1,34,400. However, the minimum investment required for the HNI category is Rs 2,68,800.

Usha Financial Services IPO Allotment Status

Usha Financial Services IPO allotment status is expected to be finalised on Tuesday, October 29, 2024. The listing will be on the NSE SME platform on Thursday, October 31, 2024. The registrar of this IPO is Skyline Financial Services Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Usha Financial Services IPO Listing Date

Usha Financial Services IPO listing date is decided on October 31, 2024. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Usha Financial Services IPO: Listing Date , Lot Size, Price Band

Usha Financial Services Limited: About the Company

Usha Financial Services incorporated in May 1995, is a NBFC company providing lending solutions to other NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs.

The company also provides Electric Vehicle financing services. It offers a diversified range of financial products to individuals, body corporates, NBFCs, and MSMEs. The product portfolio of the company consists of the following: 1) Loans to Other NBFCs and Corporates. 2) Green financing/ electric vehicle financing. 3) MSMEs, focusing on small entrepreneurs.

Usha Financial Services has strategic agreements with NBFCs and other entities, as well as its business partners, which are crucial for its retail lending business, providing access to extensive borrower networks.

Usha Financial Services IPO Objectives

Usha Financial Services IPO is to raise funds from the general public. The net funds raised from this IPO will be utilised for Augment, the capital base of the company. The remaining money will be used for fulfilling the general corporate purposes.

Usha Financial Services IPO: Key Dates, Allotment, Listing Date 

Usha Financial Services IPO Subscription Details, IPO Reservation

Usha Financial Services IPO subscription details will be available after the IPO opens on 24 october 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non Institutional investors.

Usha Financial Services IPO Lot Size Details 

Usha Financial Services, IPO lot size, is set at 800 shares per lot. For retail, the minimum lot size is 1 lot, amounting to Rs 1,34,400. For HNI minimum lot size is 1600 lot amounting to Rs 2,68,800

Usha Financial Services IPO Promoter Holdings

Usha Financial Services IPO promoters are Rajesh Gupta, Anoop Garg, Geeta Goswami, Nupur Gupta, and BR Hands Investments Private Limited. The promoters' shareholdings before the IPO were 98.91%; however, after the IPO, shareholdings will decline to 72.24%.

Usha Financial Services Limited Company Financials (Amt in Rs. Lakhs)

Usha Financial Services Limited posted revenue of Rs 2,681.26 crore and net profit of Rs 504.16 crore for the period ending on 30 June 2024. The company’s revenue increased by 38% and PAT rose by 32% between the FY ending on 31 March 2024 and 31 March 2023.

Usha Financial Services IPO Registrar

Usha Financial Services IPO registrar is Skyline Financial Services Private Limited. On the date of allotment, Investors can click on Skyline Financial Services and select the name of the company and enter PAN number or application ID to know their allotment status.

Usha Financial Services IPO Lead Managers

Usha Financial Services IPO lead managers are Narnolia Financial Services Limited and Unistone Capital Private Limited.

How to apply to Usha Financial Services IPO

Interested investors can apply to the Usha Financial Services IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Usha Financial Services IPO Review

Usha Financial Services IPO is likely to get a normal response from the general public. The company is involved in the financial services sector. This upcoming IPO is expected to witness a decent subscription on the bidding date. Moreover, if the IPO gets a positive response, then Usha Financial Services's IPO GMP will also rise.

Usha Financial Services IPO FAQ

1. What are the details of the Usha Financial Services IPO?

 Usha Financial Services IPO is a book-built issue of Rs 98.45 crores. This upcoming IPO is an entirely fresh issue of Rs 58.6 lakh equity shares.

 2. When will the Usha Financial Services IPO open and close?

 Usha Financial Services IPO opens for subscription from Thursday, October 24, 2024, and closes on Monday, October 28, 2024. Usha Financial Services IPO allotment is expected to be finalised on Tuesday, October 29  2024.

 3. What is Usha Financial Services IPO GMP?

 Usha Financial Services IPO GMP quotation is Rs 45. It fell from Rs 80 to Rs 45 in the last few days. You can check the latest GMP price online to know the sentiment of this SME IPO. If the subscription got oversubscribed then Usha Financial Services IPO GMP might rise in the coming days.

 4. What are the details of Usha Financial Services IPO reservation?

 Usha Financial Services IPO subscription details will be available after the IPO opens on 24 October 2024. In the QIB category, 50% of the net offer is reserved. The remaining 35% is reserved for retail investors, and 15% is for Non Institutional investors.

 5. Write the details of the IPO Allotment?

Usha Financial Services IPO allotment status is expected to be finalised on Tuesday, October 29, 2024. The listing will be on the NSE SME platform on Thursday, October 31, 2024. The registrar of this IPO is Skyline Financial Services Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

 6. Who is the registrar and lead managers for Usha Financial Services IPO?

 Usha Financial Services IPO Registrar is Skyline Financial Services Private Limited. The book-running lead manager for this IPO isNarnolia Financial Services Limited and Unistone Capital Private Limited. Investors can check the allotment status on the Skyline Financial Services official website. 

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners