Usha Financial Services Makes Modest NSE SME Debut at 2.4% Discount – Check Details Inside!Usha Financial Services Makes Modest NSE SME Debut at 2.4% Discount – Check Details Inside!

Usha Financial Services had a modest listing on NSE’s SME platform on October 31, debuting at a 2.4% discount with shares priced at Rs 164 versus the Rs 168 issue price. The Rs 98.45 crore IPO, opened on October 24, offered 58.6 lakh fresh shares.

Usha Financial Services set its IPO price band between Rs 160 and Rs 168 per share. Retail investors needed a minimum investment of Rs 1.34 lakh, while HNIs required Rs 2.69 lakh. The IPO received a 19.4 times subscription, with anchor investors contributing Rs 27.9 crore pre-listing.

Usha Financial Services, a non-banking finance company (NBFC) founded in 1995 and registered with RBI as an NBFC-ICC, offers lending solutions to NBFCs, corporates, MSMEs, and individuals, with a focus on women entrepreneurs and EV financing. With over 28,000 active borrowers, Usha Financial collaborates with 13 partners to provide customized loan services across various states.

The objective of Usha Financial Services’ IPO is to raise funds for expanding its loan book, enhancing brand visibility, and covering general corporate expenses. The capital infusion aims to support growth and strengthen the company’s presence in the financial sector.