Usha Financial Services SME IPO Details, Financials, Valuation & Peers
Explore Usha Financial Services IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Usha Financial Services Limited, established in 1995, is a non-banking financial company (NBFC) registered with the Reserve Bank of India as a non-systemically important, non-deposit-taking NBFC-ICC. With over nine years of lending experience, the company offers a broad portfolio of financial products to various clients, including NBFCs, corporates, MSMEs, and individual borrowers, with a special focus on women entrepreneurs. Usha Financial Services also provides financing solutions for electric vehicles (EVs), positioning itself within emerging sustainable finance trends. The company operates with an emphasis on efficient loan disbursement, a thorough borrower evaluation process, and customer satisfaction through competitive EMI-based loan structures. It leverages partnerships with 13 business partners across multiple states, expanding its outreach to MSMEs and small businesses nationwide. With an Assets Under Management (AUM) of ₹306.96 crore and a Net Worth of ₹106.03 crore, Usha Financial Services utilizes advanced technology solutions, such as Vexil software, to efficiently manage its loan operations and streamline collections, field staff tracking, and financial reporting.
Key Points:
- Clientele: The company serves various clients, including fellow NBFCs, corporates, MSMEs, and individual borrowers, with a special focus on women entrepreneurs.
- EV Financing: Usha Financial Services offers financing solutions for electric vehicles, promoting sustainable transportation options.
- Evaluation Process: A dedicated team conducts thorough evaluations of potential borrowers, ensuring a strong emphasis on repayment capacity and cash flow analysis.
- Loan Disbursement: The company guarantees a smooth and transparent loan disbursement process, with quick turnaround times and competitive interest rates.
- Loan Management System: The company utilizes Vexil software for comprehensive loan management, enhancing efficiency in various operational areas.
Objects of the Issue
- To Augment the capital base of the Company
- To meet out the General Corporate Purposes
- To meet out the Issue Expenses.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 24 Oct - 28 Oct 2024 |
| IPO Price Band | ₹160 - ₹168 per share |
| Fresh Issue | 58,60,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹98.45 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 24 Oct 2024 |
| IPO Closing Date | 28 Oct 2024 |
| Basis Of Allotment | 29 Oct 2024 |
| Refunds | 30 Oct 2024 |
| Demat Transfer | 30 Oct 2024 |
| IPO Listing Date | 31 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 25.31 | 46.19 | 63.96 | 26.81 |
| Total Expenses | 19.83 | 32.40 | 46.24 | 20.19 |
| Net Profit/Loss | 4.14 | 10.17 | 13.45 | 5.04 |
| NPM (*) | 16.56 | 22.27 | 21.28 | 19.02 |
| Total Assets | 164.28 | 372.23 | 335.86 | 351.34 |
| Total Liabilities | 116.60 | 290.15 | 229.83 | 240.27 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 3.51 | 7.42 | 8.64 | 3.18 |
| ROE (%) | 9.20 | 15.67 | 14.30 | 9.29 |
| ROCE (%) | 12.71 | 14.88 | 15.40 | 12.02 |
| D/E Ratio | 2.04 | 3.02 | 1.71 | 1.70 |
| Current Ratio | 1.91 | 1.60 | 1.83 | 2.13 |
| EBITDA MARGIN (%) | 64.85 | 77.85 | 75.56 | 66.91 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Usha Financial Services Limited | 63.22 | 19.44 | 8.64 | 14.30 | 66.78 |
| IBL Finance Limited | 14.12 | 65.0 | 1.17 | 8.47 | NA |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 10.04 |
| Non-Institutional Investor (NII/HNI) | 28.55 |
| Retail Individual Investor (RII) | 20.76 |
| Total | 19.37 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Skyline Financial Services Private Limited
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Promoters
- Mr. Rajesh Gupta
- Mr. Anoop Garg
- Ms. Geeta Goswami
- Ms. Nupur Gupta
- M/s BR Hands Investments Private Limited
Lead Managers
- NARNOLIA FINANCIAL SERVICES LIMITED
- UNISTONE CAPITAL PRIVATE LIMITED
Company Address
Usha Financial Services Limited
330, Mezanine Floor Functional Industrial Estate, Patparganj, Delhi- 110092, India
Phone: 011 47019079
Email: compliance@ushafinancial.com
Website: www.ushafinancial.com
FAQs
- What is the issue size of the Usha Financial Services SME IPO?The Usha Financial Services SME IPO has an issue size of ₹98.45 crore. This includes a fresh issue of 58,60,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Usha Financial Services IPO?The price band for the Usha Financial Services IPO is ₹160 - ₹168 per share.
- What are the bidding dates for the Usha Financial Services IPO?The Usha Financial Services IPO will open for bidding on 24 Oct 2024 and close on 28 Oct 2024.
- What is the allotment date for the Usha Financial Services IPO?The allotment date for the Usha Financial Services IPO is 29 Oct 2024.
- What is the minimum lot size and investment required for the Usha Financial Services IPO?The minimum lot size for the Usha Financial Services IPO is 800 shares and the minimum investment required is ₹1,34,400.
- What is the listing date for the Usha Financial Services IPO?The listing date for the Usha Financial Services IPO is 31 Oct 2024.
- What is the Usha Financial Services IPO grey market premium?The grey market premium (GMP) for the Usha Financial Services IPO is currently at ₹9, with an expected listing gain of approximately 5.36%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.