Usha Financial Services Limited (UFSL) is set to launch its Initial Public Offering (IPO) from October 24, 2024, with anchor bidding starting on October 23. The IPO, sized at ₹98.45 crore, is priced between ₹160 to ₹168 per share. It includes a fresh issue of 58.6 lakh shares. The subscription period will run until October 28, with share allotment expected by October 29 and a listing date of October 31 on the NSE SME platform.
UFSL, an RBI-regulated NBFC based in Delhi, focuses on financial inclusion with services spanning microfinance, green financing, and affordable housing. The company is targeting significant growth in its Asset Under Management (AUM), aiming to reach ₹5,500 million by March 2025, up from ₹3,060 million in March 2024. This expansion will be supported by the recent issuance of Non-Convertible Debentures (NCDs) worth ₹200 million in September 2024.
The company has already attracted over ₹1,000 million in investments from approximately 370 investors and aims to increase its customer base from 25,000 to 50,000 by March 2025. This IPO marks a key step in UFSL’s strategy to enhance its market presence and support its long-term goals of financial inclusion and sustainability.
Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. The details provided regarding Usha Financial Services Limited’s IPO are based on publicly available sources at the time of writing. Investing in IPOs involves risks, and potential investors should conduct their own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results. The author and publisher are not liable for any losses or damages resulting from the use of this information.
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