Usha Financial Services IPO

About the company

Usha Financial Services Limited is an India-based non-banking finance company (NBFC). The Company provides lending solutions to fellow NBFCs and corporates; micro, small, and medium enterprises (MSMEs), and individual, particularly to women entrepreneurs. Its services also extend to electric vehicle (EV) financing. Its business model includes retail lending and wholesale lending. Its retail lending business model includes green finance lending, and MSMEs including shopkeepers and individual. Under the green finance lending, it provides financial support for initiatives that promote environmental sustainability, such as EV and E-battery financing. This lending is facilitated through authorized dealers who distribute and support these EV and E- Battery. Under the wholesale lending business model, the Company offers financing solutions to fellow NBFCs for further lending to individual consumers or businesses and other body corporates for their working capital requirement.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   24 Oct 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   28 Oct 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   26 Oct 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   30 Oct 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   29 Oct 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   31 Oct 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.