Usha Financial Services Limited IPO GMP

Usha Financial Services is a non-banking finance company (NBFC) registered with the Reserve Bank of India as a NBFC-ICC (Investmet & Credit) - base- layer- non-systematically important non-deposit taking NBFC with over 9 years of lending experience. They provide lending solutions to fellow NBFCs and Corporates, MSMEs, and individual, particularly to women entrepreneurs. Their services also extend to Electric Vehicle (EV) financing. They provide a diversified range of financial products to individuals, body corporates, NBFCs and MSMEs. 

Usha Financial Services, an Book Built Issue amounting to ₹98.44 Crores, consisting entirely an Fresh Issue of 58.60 Lakh Shares of worth . The subscription period for the Usha Financial Services IPO opens on October 24, 2024, and closes on October 28, 2024. The allotment is expected to be finalized on or about Tuesday, October 29, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Thursday, October 31, 2024.

The Share price band of Usha Financial Services IPO is set at ₹160 to ₹168 per equity share. The Market Capitalisation of the Usha Financial Services Limited at IPO price of ₹168 per equity share will be ₹365.19 Crore. The lot size of the IPO is 800 shares. Retail investors are required to invest a minimum of ₹1,34,400, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,600 shares), amounting to ₹2,68,800.

UNISTONE CAPITAL PRIVATE LIMITED and NARNOLIA FINANCIAL SERVICES LIMITED are the book-running lead manager while SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the Issue. SS Corporate Securities Limited will act as Market Maker for the Usha Financial Services IPO.

Usha Financial Services Limited IPO GMP Today
The Grey Market Premium of Usha Financial Services Limited IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Usha Financial Services Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 28 October 2024, the Usha Financial Services IPO live subscription status shows that the IPO subscribed 17.96 times on its Final day of subscription period. Check the Usha Financial Services IPO Live Subscription Status Today at NSE.

Usha Financial Services IPO Anchor Investors Report
Usha Financial Services has raised ₹27.90 Crores from Anchor Investors at a price of ₹168 per shares in consultation of the Book Running Lead Managers. The company allocated 16,60,800 equity shares to the Anchor Investors. Check Full list of Usha Financial Services Anchor Investors List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Usha Financial Services Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Usha Financial Services IPO allotment date is 29 October, 2024, Tuesday. Usha Financial Services IPO Allotment will be out on 29th October 2024 and will be live on Registrar Website from the allotment date. Check Usha Financial Services Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Usha Financial Services Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Usha Financial Services Limited IPO
Usha Financial Services Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹7,000.00 Lakhs will be used to Augment the capital base of the Company 
2. To will be used to meet out the General Corporate Purposes; and 
3. To will be used to meet out the Issue Expenses.

Refer to Usha Financial Services Limited RHP for more details about the Company.