Usha Financial Services IPO Subscription Status

Usha Financial Services' initial public offering (IPO) has garnered exceptional investor interest, with subscription rates increasing significantly over the three-day period. Starting steadily on day one, the IPO witnessed substantial growth in demand, resulting in an 11.78 times oversubscription by 2:22:00 PM on day three. This robust response underscores the strong market appetite for Usha Financial Services' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 24th October 2024, has seen significant growth in investor participation across all categories. The Retail Investors segment has shown exceptional demand, followed by strong interest from Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB).

This enthusiastic response to Usha Financial Services' IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the NBFC sector. The company's focus on lending solutions to NBFCs, corporates, MSMEs, and individuals appears to have strongly resonated with investors.

Subscription Status of Usha Financial Services IPO for Days 1, 2, and 3:

Here are the subscription details for Usha Financial Services IPO as of Day 3 (28th October 2024, 2:22:00 PM)

Total Applications: 40,675

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• Usha Financial Services IPO is currently subscribed 11.78 times by the final day, showing strong investor confidence.
• Retail investors demonstrated exceptional interest with a 15.69 times subscription.
• Non-institutional investors showed strong enthusiasm with 11.00 times subscription.
• The qualified Institutional Buyers portion was well-subscribed at 5.53 times.
• Total applications reached 40,675, indicating robust investor participation.
• The strong response across all investor categories reflects positive market sentiment.
• The subscription trend showed consistent improvement throughout the three-day period.

Usha Financial Services IPO - Day 2 Subscription at 3.37 Times

Key Highlights:

• Overall subscription improved to 3.37 times on Day 2, showing strong momentum from Day 1's 1.36 times.
• Retail investors demonstrated significant growth, reaching 4.72 times from Day 1's 1.25 times.
• Non-Institutional Investors (NII) showed steady improvement, reaching 3.26 times from Day 1's 2.02 times.
• Qualified Institutional Buyers (QIB) maintained their subscription at 1.07 times.
• The subscription trend indicates growing investor confidence, particularly in retail and NII segments.
• Total number of applications continued to grow, reflecting increased investor participation.

Usha Financial Services IPO - Day 1 Subscription at 1.36 Times

Key Highlights:

• The IPO opened with a strong overall subscription of 1.36 times.
• Non-Institutional Investors showed strong initial interest with 2.02 times subscription.
• Retail investors demonstrated good demand with 1.25 times subscription.
• Qualified Institutional Buyers showed solid first-day participation at 1.07 times.
• The strong first-day response laid a solid foundation for the remaining days of the IPO.

About Usha Financial Services Limited

Usha Financial Services Limited, incorporated in May 1995, is a non-banking finance company providing lending solutions to other NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs. For FY 2024, Usha Financial Services demonstrated strong financial performance with a revenue of ₹6,396.05 lakhs, marking a 38% year-over-year growth, and a Profit After Tax (PAT) of ₹1,344.95 lakhs, representing a 32% increase. The company's net worth stood at ₹10,602.63 lakhs as of March 31, 2024. Key performance indicators highlight the company's financial health, with a Return on Equity (ROE) of 9.29%, Return on Capital Employed (ROCE) of 12.02%, and a Debt/Equity ratio of 1.7.

The company has an AUM of ₹30,695.76 Lakhs and maintains a CRAR of 33.03%. As of October 2024, the company had 43 employees and maintained relationships with four banks and 15 NBFCs as lenders.

Read more about Usha Financial Services IPO

Highlights of the Usha Financial Services IPO:

• IPO Date: 24th October 2024 to 28th October 2024
• Listing Date: 31st October 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹160 to ₹168 per share
• Lot Size: 800 Shares
• Total Issue Size: 5,860,000 shares (aggregating up to ₹98.45 Cr)
• Fresh Issue: 5,860,000 shares (aggregating up to ₹98.45 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Managers: Narnolia Financial Services Ltd and Unistone Capital Pvt Ltd
• Registrar: Skyline Financial Services Private Ltd
• Market Maker: Ss Corporate Securities