Usha Financial Services IPO Subscribed over 3.33x on its second  day of subscription

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 3.33x on its second day till 5.00 PM on 25th October.

• Usha Financial Services IPO subscription QIB investors portion is 1.07 times, while NII subscribed 3.25 times and RII investors subscribed 4.66 times.
• The company has received bids for 1,29,28,000 shares against 38,78,400 shares on offer on the second 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 crore in 2024 against ₹46.19 crore in 2023. The company reported a profit of ₹13.45 crores in 2024 against a profit of ₹10.17 crores in 2023.

Usha Financial Services IPO GMP:

Usha Financial Services  IPO GMP was ₹50 as of Friday, October 25. That indicates the IPO is trading at ₹218 with ₹50 premium in the grey market against the issue price of ₹168.