Usha Financial Services Limited

24 Oct 2024 - 28 Oct 2024 Individual Category IPO NSE

Min Investment

₹256000

Price Band

₹160-₹168

Issue Size

41.99 lakhs
Equity Shares

Lot Size

800 (per lot)

IPO Dates
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24 Oct 2024

Open Date

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28 Oct 2024

Close Date

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29 Oct 2024

Allotment Date

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31 Oct 2024

Listing Date

Usha Financial Services IPO subscription opens from Thursday, October 24, 2024, and closes on Monday, October 28, 2024. It is a book-built issue of worth up to Rs 98.45 crores equity shares. This upcoming IPO is an entirely fresh issue of 58.60 lakh equity shares. Usha Financial Services IPO price band is Rs 160 to Rs 168 per share. The minimum investment required for retail investors is Rs 1,34,400 (168 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,800 (168 x 1600 shares). Usha Financial Services IPO Allotment status will be available on its registrar Skyline Financial Services Private Limited website on Tuesday, October 29, 2024. Once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar’s website. 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.

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About Usha Financial Services Limited

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.

Founded

1995

Managing Director

Rajesh Gupta, Anoop Garg, Geeta Goswami, Nupur Gupta, and BR Hands Investments Private Limited

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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