Usha Financial Services IPO Allotment Status

Summary

Usha Financial Services IPO has received an exceptional response from investors, closing with a strong subscription of 19.37 times by 28th October 2024 at 5:26:00 PM (Day 3). The public issue witnessed robust demand across all investor categories. The Non-Institutional Investors (NII) category led with an impressive 28.55 times subscription. The Retail Investors segment showed strong enthusiasm with 20.76 times subscription.

The Qualified Institutional Buyers (QIB) portion was subscribed 10.04 times. Both the Anchor Investors and Market Maker portions were fully subscribed. This strong response across categories resulted in 54,359 applications, demonstrating exceptional market confidence in Usha Financial Services' offering.

How to Check Usha Financial IPO Allotment Status:

How do you Check Usha Financial IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Skyline Financial Services Private Ltd (https://www.skylinerta.com/ipo.php)

Step 2: From the selection menu, choose Usha Financial IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Usha Financial IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Usha Financial IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Usha Financial Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Usha Financial IPO Timeline:

Usha Financial IPO Subscription Status

Usha Financial Services IPO received a subscription of 19.37 times, with 54,359 applications. By 28th October 2024 at 5:26:00 PM (Day 3), the detailed subscription status was:

Subscription Day 3 (as of 5:26:00 PM)
Total Subscription: 19.37 times
QIB: 10.04 times
NII: 28.55 times
Retail investors: 20.76 times 

Subscription Day 2
Total Subscription: 3.37 times
QIB: 1.07 times
NII: 3.26 times
Retail investors: 4.72 times

Subscription Day 1
Total Subscription: 1.36 times
QIB: 1.07 times
NII: 2.02 times
Retail investors: 1.25 times

Usha Financial IPO Details 

Usha Financial Services' initial public offering (IPO) is a book built issue of ₹98.45 crores. This offering consists entirely of a fresh issue of 58.6 lakh shares.

The bidding process for the Usha Financial Services IPO commenced on 24th October 2024 and concluded on 28th October 2024. The allotment results for this IPO are anticipated to be finalised on 29th October 2024. Furthermore, the shares of Usha Financial Services are set to be listed on NSE SME, with a provisional listing date scheduled for 31st October 2024.

The Usha Financial Services IPO price band has been established between ₹160 and ₹168 per share. Investors must apply for a minimum lot size of 800 shares, which requires a minimum investment of ₹134,400 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (1,600 shares), totalling ₹268,800.
Narnolia Financial Services Ltd and Unistone Capital Pvt Ltd serve as the book running lead managers for the Usha

Financial Services IPO, while Skyline Financial Services Private Ltd is designated as the registrar for this offering. Ss Corporate Securities is the market maker for this IPO.