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Usha Financial Services Limited

SME

Issue Price

₹ 160-₹ 168

per equity share

Issue Size

41.99 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

800

equity share

Please note

Listing at NSE

Usha Financial Services Limited

Important Dates

IPO Open Date

24 Oct 2024

IPO Close Date

28 Oct 2024

Allotment Date

29 Oct 2024

Initiation of Refunds

30 Oct 2024

Credit of Shares to Demat Account

30 Oct 2024

IPO Listing Date

31 Oct 2024

UPI Mandate Expiry Date

28 Oct 2024

IPO Details

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.

Parent Organisation

-

Founded

1995

Managing Director

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

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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