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.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Danish Power Limited IPO, OBSC Perfection Limited IPO , United Heat Transfer Limited IPO, Godavari Biorefineries Limited IPO, Usha Financial Services, Afcons Infrastructure Limited, Archit Nuwood Industries Limited, Swiggy.

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About Usha Financial Services Limited

Usha Financial Services Limited is a non-banking finance company (“NBFC”) incorporated in the year 1995 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. 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. 

THEIR KEY BORROWERS: 
I. NBFCs and other body corporates 
II. MSMEs and Small business owners 
III. Individuals

Further, the company has established partnerships with multiple NBFCs and other companies to act as facilitators and accelerators, allowing them to provide loan services to MSMEs across various states nationwide. These agreements are customized to mutual terms and conditions, expanding their service to different locations and states. They have established business partnerships across multiple states with 13 (thirteen) business partners.

At present, the Company have 43 employees in the company. The Bankers of the Usha Financial Services Limited are HDFC Bank Limited and State Bank of India.

OVERVIEW OF THE NBFC SECTOR'S CURRENT STATE
As of 2024, the Non-Banking Financial Companies (NBFCs) sector in India remains a pivotal component of the financial landscape, demonstrating significant growth despite global economic uncertainties. The sector has continued to expand, capitalizing on digital innovations and a broadening customer base. With a recorded yearon-year growth rate of 25.8% in August 2024, NBFCs have significantly outpaced many other sectors of the Indian economy.

INTRODUCTION TO NON-BANKING FINANCIAL COMPANIES (NBFCS)
Non-Banking Financial Companies (NBFCs) are financial entities that operate without a banking license yet perform functions similar to banks. They are crucial in offering credit and other financial services, especially in regions and sectors not sufficiently served by traditional banks. NBFCs are regulated by the Reserve Bank of India, although they do not offer checking facilities or demand deposits.

The Non-Banking Financial Companies (NBFCs) sector in India has seen substantial growth over recent years, which is evident from the expansion in their assets and market presence. From FY 2021 to FY 2026, the NBFC sector is projected to grow at a compound annual growth rate (CAGR) of approximately 18.5%, driven by a combination of factors including increased demand for credit, governmental financial inclusion initiatives, and widespread digitalization. 

In more specific terms, as of the financial year ending in 2023, the NBFC sector witnessed significant growth in their assets under management (AUM), with an expected increase in their annual growth rate by about 13-14% compared to the single-digit growth observed in the previous years from 2020 to 2022 (India Brand Equity Foundation). This acceleration indicates a robust recovery and an optimistic outlook for the sector, primarily fuelled by improving economic activities and stronger balance sheet conditions. 

Moreover, NBFCs have also been instrumental in diversifying their service offerings and expanding into niche markets. This includes increasing their footprint in sectors such as microfinance, personal loans, and auto finance, which have shown vibrant growth and are crucial in supporting various other economic sectors including housing, consumer goods, and transportation. 

This statistical growth is not only a reflection of the NBFCs' ability to adapt to the dynamic financial landscape of India but also showcases their pivotal role in fostering financial inclusion and supporting the broader economic infrastructure of the country.

MARKET OVERVIEW OF NBFCS IN INDIA
As of 2023, the Non-Banking Financial Companies (NBFC) sector in India has reached an impressive market size of USD 326 billion, underscoring its expansive influence within the financial landscape. This growth highlights the sector's robust performance and strategic importance, driven by various factors such as increasing digital penetration, favourable government policies, and innovative service delivery to underserved regions. 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.

This integration of precise market size data not only substantiates the growth narrative but also aligns with industry-reported statistics to strengthen the overall impact and trustworthiness of your report. 

The market size of NBFCs in India has experienced robust growth. From 2021 to 2023, the sector saw significant increases in its assets and customer base. As of 2023, the assets under management (AUM) of NBFCs are estimated to have grown substantially.

This overview encapsulates the dynamic and rapidly expanding landscape of NBFCs in India, underpinned by technological advancements, supportive governmental frameworks, and shifting consumer preferences.

USHA FINANCIAL SERVICES LIMITED COMPETITIVE STRENGTHS
1. Experienced and Qualified management team
2. Their Business partnership/ Correspondent’s arrangements
3. Robust underwriting process and risk management policies

USHA FINANCIAL SERVICES LIMITED STRATEGIES
1. Leverage Technology to Grow their Business
2. Expansion of their Loan Portfolio

USHA FINANCIAL SERVICES LIMITED RISK FACTORS & CONCERNS
1. Their top two states contribute the major revenue i.e. Delhi and West Bengal.
2. They are subjected to supervision and regulation by the RBI as a non-systemically important NBFC, and changes in RBI’s regulations governing them could adversely affect the business.
3. Their marketing and advertising activities may not be successful in increasing the popularity of the Company among customers.
4. Any deterioration in the credit quality of their loans could adversely affect the business, results of operations, financial condition and cash flows.
5. They are required to comply with guidelines issued by regulatory authorities in India, which are evolving and may increase the compliance costs and subject them to penalties.