Usha Financial Services IPO subscription started on Thursday, October 24, and will close on October 28 as per the schedule. The price band is set at₹160 to ₹168 per share with a face value of ₹10.
Usha Financial Services IPO Subscription Status
Usha Financial Services IPO Subscribed over 1.36x on its first day till 5.00 PM on 24nd October.
- Usha Financial Services IPO subscription QIB investors portion is 1.07 times, while NII subscribed 2.02 times and RII investors subscribed 1.24 times.
- The company has received bids for 52,66,400 shares against 38,78,400 shares on offer on the first day of subscription.
- Usha Financial Services IPO Subscribed over 1.36x on day 1.
About Usha Financial Services
Usha Financial Services Limited was established in 1955 in Patparganj, Delhi. It is an NBFC company that provides solutions to other NBFCs, MSMEs, and individuals, with a particular focus on women entrepreneurs and expanding their Electric Vehicle finance. In FY 2024, the company had a total net worth of 10,602.63, and in FY 2023, it was 8,207.38. The company’s vision is to become a market leader and empower consumer and business achievement, focusing on financial growth. Their main aim is to provide innovative, credible, affordable, and accessible customer-centric solutions.
Usha Financial Services Company Financial Report
The company reported revenue of ₹63.96 crores in 2024 against ₹46.19 crore in 2023. The company reported profit of ₹13.45 crores in 2024 against profit of ₹10.17 crores in 2023.
Usha Financial Services IPO GMP:
Usha Financial Services IPO GMP was ₹45 as of Thursday, October 24. That indicates the IPO is trading at ₹203 with ₹45 premium in the grey market against the issue price of ₹168.
