Usha Financial Services IPO Subscription Status

Usha Financial Services IPO GMP

Usha Financial Services IPO Allotment Status

Usha Financial Services IPO Subscription started on 24 October 2024 and will close on 28 October 2024. Usha Financial Services plans to raise INR 98.45 crores via the IPO. The price band is fixed at INR 160 – 168 per share. Usha Financial Services IPO market lot has 800 shares and the minimum application amount is INR 1,34,400. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Usha Financial Services IPO subscription status here. The subscription figures are taken from NSE SME and are updated at regular intervals. Here you can find Usha Financial Services IPO subscription status segregated by days and investor categories.

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Usha Financial Services IPO Subscription Status – Live Updates

The market maker reservation portion of 3,20,800 equity shares and anchor allocation of 16,60,800 shares are not included in the above calculations.

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Usha Financial Services – Business Background

Usha Financial Services operates as a non-banking finance company (NBFC) registered with the Reserve Bank of India. Classified as an NBFC-ICC (Investment & Credit) at the base layer, it is a non-systemically important non-deposit-taking entity.

The company offers lending solutions to various clients, including fellow NBFCs, corporates, MSMEs, and individuals, focusing on women entrepreneurs. Additionally, Usha Financial is involved in financing electric vehicles (EVs). Their portfolio includes financial products catering to individuals, corporate entities, NBFCs, and MSMEs.

Usha Financial Services boasts an Assets Under Management (AUM) of INR 306.96 crore and a Net worth of INR 106.03 crore. The company upholds a robust Capital Risk Assets Ratio (CRAR) of 33.03%. As of July 2024, Usha Financial serves over 28,000 active borrowers.

Investor Categories in Usha Financial Services IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Usha Financial Services IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

Read Also: Usha Financial Services IPO Analysis: 10 Key Points to Know From RHP Before Bidding

Usha Financial Services IPO Subscription Status FAQs