The SME IPO of Usha Financial Services will open for subscription on Thursday and will close on October 28. The company aims to raise Rs 98 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) Usha Financial Services IPO size
The IPO is entirely a fresh equity sale of 58.6 lakh shares and through the issue, the company plans to raise about Rs 98 crore.
2) Usha Financial Services IPO price band
The company is offering its shares at Rs 160-168 apiece, and investors can bid for 800 shares in 1 lot.
3) Usha Financial Services GMP
In the unlisted market, the company's shares were trading with a GMP of Rs 45, indicating a premium of 27% over the issue price.
4) About Usha Financial Services
Usha Financial Services is a non-banking finance company incorporated in the year 1995 registered with the RBI as a NBFC-ICC (Investment & Credit) with over 9 years of lending experience. It provides lending solutions to fellow NBFCs and corporates, MSMEs, and individual, particularly to women entrepreneurs.
5) Industry Overview
As of 2023, the NBFC sector in India has reached an impressive market size of $326 billion, underscoring its expansive influence within the financial landscape. Such specific figures demonstrate the significant role NBFCs play in the broader economic framework and validate the projected compound annual growth rate (CAGR) of 13-15% between 2023 and 2025.
6) Usha Financial Services financial performance
For the period ended September 2024, the company clocked total revenues of Rs 26.51 crore and net profit of Rs 5.04 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for augmenting the capital base of the company and general corporate purposes.
8) Lead managers and Registrar
Narnolia Financial Services is acting as the lead manager to the issue and Skyline Financial is the registrar.
9) Issue structure
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the other 15% for non-institutional investors.
10) Important dates
The IPO opened on October 24 and will close on October 28. The final allotment will likely be made on October 29. The company's shares will likely get listed on October 31.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
1) Usha Financial Services IPO size
The IPO is entirely a fresh equity sale of 58.6 lakh shares and through the issue, the company plans to raise about Rs 98 crore.
2) Usha Financial Services IPO price band
The company is offering its shares at Rs 160-168 apiece, and investors can bid for 800 shares in 1 lot.
3) Usha Financial Services GMP
In the unlisted market, the company's shares were trading with a GMP of Rs 45, indicating a premium of 27% over the issue price.
4) About Usha Financial Services
Usha Financial Services is a non-banking finance company incorporated in the year 1995 registered with the RBI as a NBFC-ICC (Investment & Credit) with over 9 years of lending experience. It provides lending solutions to fellow NBFCs and corporates, MSMEs, and individual, particularly to women entrepreneurs.
5) Industry Overview
As of 2023, the NBFC sector in India has reached an impressive market size of $326 billion, underscoring its expansive influence within the financial landscape. Such specific figures demonstrate the significant role NBFCs play in the broader economic framework and validate the projected compound annual growth rate (CAGR) of 13-15% between 2023 and 2025.
6) Usha Financial Services financial performance
For the period ended September 2024, the company clocked total revenues of Rs 26.51 crore and net profit of Rs 5.04 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for augmenting the capital base of the company and general corporate purposes.
8) Lead managers and Registrar
Narnolia Financial Services is acting as the lead manager to the issue and Skyline Financial is the registrar.
9) Issue structure
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the other 15% for non-institutional investors.
10) Important dates
The IPO opened on October 24 and will close on October 28. The final allotment will likely be made on October 29. The company's shares will likely get listed on October 31.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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