The IPO of Usha Financial Services is scheduled to begin on October 24. Using an IPO, Usha Financial Services aims to raise ₹98.45 crores for their SME. With a market lot of 800 shares, the Usha Financial Services IPO price range is set at ₹160 to ₹168.
Patparganj, Delhi is the location of Usha Financial Services Limited’s establishment in 1955. This NBFC company offers solutions to MSMEs, people, and other NBFCs. It focuses on empowering women entrepreneurs and growing their financing for electric vehicles. The company’s overall net worth was 8,207.38 in FY 2023 and 10,602.63 in FY 2024.
Usha Financial Services IPO Details
| IPO Open Date | October 24, 2024 |
| IPO Close Date | October 28, 2024 |
| Listing Date | Thursday, October 31, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹160 to ₹168 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 5,860,000 shares
(aggregating up to ₹98.45 Cr) |
| Fresh Issue | 5,860,000 shares
(aggregating up to ₹98.45 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Usha Financial Services Financials
Between March 31, 2024, and March 31, 2023, Usha Financial Services Limited’s profit after tax (PAT) increased by 32% and its sales increased by 38%.
| FY 2024 | |
| Assets | 35,133.66 |
| Revenue | 2,681.26 |
| Profit After Tax | 504.16 |
| Net Worth | 11,106.79 |
| ROE | 9.29% |
| ROCE | 12.02% |
| Debt/Equity | 1.7 |
| RoNW | 9.29% |
| P/BV | 24 |
The company’s financial performance demonstrates a tendency of robust sales growth and dramatically improved profitability. The significant growth in PAT and Net Worth suggests a stronger financial situation. However, investors should take heed of the growth in borrowings, which could be due to expansion operations. When considering an IPO, investors should take into account these financial patterns as well as the company’s market position and future growth potential.
About the Company – Usha Financial Services
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. The company’s vision is to become a market leader and empower consumer and business achievement, focusing on financial growth. Their main aim is to provide innovative, credible, affordable, and accessible customer-centric solutions.
