Usha Financial Services Limited
ListedSMEFinancial Services · NSE
Usha Financial Services Limited, incorporated in May 1995, is a non-banking finance company (NBFC) providing diverse lending solutions to NBFCs, corporates, MSMEs, and individuals, with a special focus on women entrepreneurs. The company has also ventured into Electric Vehicle (EV) financing under its green financing initiatives. With an Assets Under Management (AUM) of ₹30,695.76 lakh, a net worth of ₹10,602.63 lakh, a strong CRAR of 33.03%, and a Debt-to-Equity ratio of 1.71, Usha Financial Services demonstrates solid financial stability. Its operations are supported by long-term relationships with 4 banks and 15 NBFCs as of September 30, 2024. The company operates through two segments—Retail Lending and Wholesale Lending—offering products such as loans to NBFCs and corporates, MSME financing, and green financing. As of October 2024, it employed 43 people.
Price Band
₹160 – ₹168
Issue Size
₹98.45 Cr
Lot Size
800 shares
GMP
₹9
+5.4%
Est. Listing
₹177
at current GMP
Subscribed
19.45x
overall
Open
24 Oct 2024
Close
28 Oct 2024
Allotment
29 Oct 2024
Refund
30 Oct 2024
Demat Credit
31 Oct 2024
Listing
31 Oct 2024
Last updated 12 days ago
Official Registrar Verification
Usha Financial Services Limited Allotment Status
Designated Registrar: Skyline Financial Services Private Limited
Allotment Date
29 Oct 2024
Basis finalization
Refunds Initiate
30 Oct 2024
Mandate release
Demat Credit
31 Oct 2024
Shares in demat
Listing Debut
31 Oct 2024
Trading begins
How to Check Usha Financial Services Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Skyline Financial Services Private Limited's allotment portal.
- Select Usha Financial Services Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Usha Financial Services Limited Public Issue & Market Profile
Usha Financial Services Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹98.45 Crores. The shares are offered at a price band of ₹160 to ₹168 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2024-10-28, the basis of allotment is scheduled to be finalized on 2024-10-29. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.