The IPO of Usha Financial Services Limited is set to open on October 24, 2024. This non-banking finance company (NBFC) focuses on lending to NBFCs, corporates, MSMEs, and individuals, especially women entrepreneurs. Here’s everything you need to know about the upcoming IPO.
Key Highlights:
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IPO Structure:
- This is a fresh issue of 58.6 lakh shares.
- Lead managers: Narnolia Financial Services Limited and Unistone Capital Private Limited.
- Registrar: Skyline Financial Services Private Limited.
- Market maker: SS Corporate Securities.
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IPO Details:
- Usha Financial Services aims to raise ₹98.45 crore through a book-built issue.
- The price band is set at ₹160-168 per share.
- Minimum lot size: 800 shares, with a minimum investment of ₹1,34,400 for retail investors.
- IPO opens on October 24 and closes on October 28.
- Shares will be listed on NSE SME on October 31.
Company Background:
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- Usha Financial Services provides loans to other NBFCs, corporates, MSMEs, and individuals, with a focus on women entrepreneurs.
- The company also offers financing services for electric vehicles.
- It has an Assets Under Management (AUM) of ₹30,695.76 lakh and a net worth of ₹10,602.63 lakh.
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Promoters:
- The company’s promoters include Rajesh Gupta, Anoop Garg, Geeta Goswami, Nupur Gupta, and M/s BR Hands Investment Private Limited.
- The funds raised will be used to expand the company’s capital base and for general corporate purposes.
The upcoming IPO provides an opportunity for investors to support a company that plays a key role in empowering women entrepreneurs and financing critical sectors like electric vehicles. With its strong focus on NBFCs and MSMEs, Usha Financial Services is well-positioned for growth.
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