Usha Financial Services Limited

Company Profile
Company Name Usha Financial Services Limited
Open Date 24-10-2024
Close Date 28-10-2024
Exchange NSE SME
Lot Size 800 Shares
Issue Price ₹160 to ₹168 per share
Issue Size 5,860,000 shares
Application Amount ₹134,400 (800 shares)
Recommendation Avoid
Incorporated in 1995, the company has their registered office in Delhi, India. Business Activity: The company is registered with the Reserve Bank of India as a NBFC-ICC (Investment & Credit) - base layer- non-systemically important non-deposit taking NBFC with over 9 years of lending experience specializing in providing lending solutions to fellow NBFCs, corporates, MSMEs, and individuals. Revenue Mix: Its product portfolio includes loans to NBFCs and corporates, MSME loans, and green financing. As of September 2024, loans to NBFCs and corporates accounted for 59.53% of total revenue, followed by MSME loans at 27.43%. Processing fees contributed 10.49% of the total revenue. Partnerships and Geographic Concentration: The company has collaboration with 13 business partners for MSME loans and has presence in over 15 States with Delhi and West Bengal contributing to 20% and 19% of total revenue as of September 2024. As of October 2024, the company had a total of 43 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24 Jun 24
Revenue 2,502.62 4,563.17 6,322.20 2,651.14
EBITDA 1,594.31 3,496.64 4,703.00 1,743.82
Net Profit 414.42 1,016.55 1,344.95 504.16
RoCE 15.47% 16.58% 24.55% 7.72%
ROE 8.69% 12.39% 12.69% 4.54%
P/E 47.86 22.64 19.44 26.86

Tentative Timeline

Opening Date 24-10-2024
Closing Date 28-10-2024
Basis of Allotment 29-10-2024
Initiation of Refunds 30-10-2024
Credit of Shares to Demat 30-10-2024
Listing Date 31-10-2024

Objects of the Issue

Augment the capital base of the Company.
General Corporate Purpose; and

Contact Information

Registered Office Usha Financial Services Limited 330, Mezanine Floor Functional Industrial Estate Patparganj Delhi- 110092,
Phone 011 47019079
Email compliance@ushafinancial.com
Website https://www.ushafinancial.com/

Registrar Details

Name Skyline Financial Services Private Ltd
Phone 02228511022
Email compliances@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net Issue
NII (HNI) Shares Offered Not less than 35.00% of the Net Issue
Retail Shares Offered Not less than 15.00% of the Net Issue

Shareholding Pattern

Shareholding Pre Issue (Promoters) 98.91%
Shareholding Post Issue (Promoters) 72.24%

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