Usha Financial Services Limited (NSE SME)
Oct 24, 2024 - Oct 28, 2024
| Price | ₹160 - ₹168 |
| Premium | ₹9 |
|---|---|
| Lot size | 800 |
| Allotment | Oct 29, 2024 |
| Listing | Oct 31, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 800 | 134400 | 2424 |
| HNI | 2 | 1600 | 268800 | 1039 |
Last updated on 28-Oct-2024 17:03:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1108000 | 11127200 | 10.04 |
| NIB | 831200 | 24048800 | 28.93 |
| RETAIL | 1939200 | 40255200 | 20.76 |
| Total | 3878400 | 75431200 | 19.45 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 13 |
| NIB | 4027 |
| RETAIL | 50319 |
| Total | 54359 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 18.61 | 186.94 | 10.04 |
| NIB | 13.96 | 404.02 | 28.93 |
| RETAIL | 32.58 | 676.29 | 20.76 |
| Total | 65.16 | 1267.24 | 19.45 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹2.26 | @8% ₹2.59 | @9% ₹2.91 | @10% ₹3.23 | @11% ₹3.56 | @12% ₹3.88 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹6.52 | @8% ₹7.46 | @9% ₹8.39 | @10% ₹9.32 | @11% ₹10.25 | @12% ₹11.19 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.09% | 1939200 |
| NII (HNI) | 14.18% | 831200 |
| Anchor | 28.34% | 1660800 |
| QIB | 18.91% | 1108000 |
| Market Maker | 5.47% | 320800 |
| Total | 100.00% | 5860000 |
Usha Financial Services IPO Details
| 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 |
| Share holding pre issue | 15,877,631 |
| Share holding post issue | 21,737,631 |
| Market Maker portion | 320,800 shares Ss Corporate Securities |
Key Performance Indicator
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 9.29% | 14.30% | 15.67% |
| ROCE | 12.02% | 15.40% | 14.88% |
| RONW | 9.29% | 14.30% | 15.67% |
| EPS (basic) | 3.18 | 8.64 | 7.42 |
| P/E Pre IPO | 19.83 | ||
| P/E Post IPO | 18.11 |
Company Financials
Usha Financial Services Limited Financial Information (Restated)
Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Jun 2024 | Mar 2024 | Mar 2023 | Mar 2022 | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 35,133.66 | 33,585.81 | 37,222.64 | 16,428.07 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,681.26 | 6,396.05 | 4,618.73 | 2,531.36 | ||||||||||||||||||||||||||||||||||||
| Profit | 504.16 | 1,344.95 | 1,016.55 | 414.42 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 11,106.79 | 10,602.63 | 8,207.38 | 4,767.58 | ||||||||||||||||||||||||||||||||||||
| Reserves | 9,519.03 | 9,014.87 | 7,265.57 | 4,109.41 | ||||||||||||||||||||||||||||||||||||
| Borrowing | 18,861.94 | 18,128.22 | 24,751.41 | 9,723.22 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Company
Usha Financial Services Limited, incorporated in May 1995, is a non-banking finance company (NBFC) offering a wide range of lending solutions to NBFCs, corporates, MSMEs, and individuals, with a particular focus on women entrepreneurs. The company has diversified into Electric Vehicle (EV) financing as part of its green financing initiatives. With an Assets Under Management (AUM) of Rs. 30,695.76 Lakhs and a Net Worth of Rs. 10,602.63 Lakhs, Usha Financial Services maintains a healthy Capital to Risk-Weighted Assets Ratio (CRAR) of 33.03% and a Debt-to-Equity (D/E) ratio of 1.71, reflecting strong financial stability. The company has built long-term relationships with 4 banks and 15 NBFCs as of September 30, 2024, supporting its operations. Its business model comprises two segments: Retail Lending and Wholesale Lending, catering to a product portfolio that includes loans to other NBFCs and corporates, green financing, and MSME financing with a focus on small entrepreneurs. As of October 2024, Usha Financial Services employed 43 people.
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Experienced Management: The company benefits from a skilled leadership team with significant expertise in the financial services sector, guiding strategic growth.
Strong Partnerships: Strategic agreements with NBFCs and other business correspondents provide access to a broad borrower network, supporting the retail lending business.
Robust Due Diligence: Comprehensive customer due diligence processes, including multiple levels of checks and controls, ensure high-quality lending and risk management.
Dependence on Capital Availability: The business relies heavily on substantial capital, and any disruption in the cost or availability of financing could negatively impact operations and cash flow.
Credit Risk: Deterioration in the credit quality of loans could adversely affect the company's financial performance and overall business health.
High Portfolio Management Expenses: A significant portion of expenses is tied to portfolio management charges, and failure to control these costs may hurt profitability in the future.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php