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Usha Financial Services Ltd IPO; Key GMP Updates You Need to Know! Discover More Details

Usha Financial Services Limited IPO offers shares at ₹160 - ₹168, with a ₹45 Grey Market Premium. Available in 800 share lots, the subscription runs from October 24 to October 28, 2024.
Usha Financial Services Ltd IPO; Key GMP Updates You Need to Know! Discover More Details

Usha Financial Services Limited IPO has a ₹45 Grey Market Premium as of October 23, 2024, with a price range from ₹160 to ₹168 per share. Offering lots of 800 shares, the subscription window is open from October 24 to October 28, 2024.

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Usha Financial Services Limited IPO GMP Today

The Grey Market Premium (GMP) for Usha Financial Services Limited is ₹45 as of October 23, 2024. This assessment coincides with a price from ₹160 to ₹168 per share for the IPO.

Usha Financial Services Limited IPO Review

Usha Financial Services’s revenue has improved from ₹4,563.17 lakhs in FY2023 to ₹6,322.20 lakhs in FY2024. Also, profitability improved with PAT rising from ₹1,016.55 lakhs in FY2023 to ₹1,344.95 lakhs in FY2024, a growth of 32.3%.

The company’s equity strengthened from ₹8,207.38 lakhs in FY2023 to ₹10,602.63 lakhs in FY2024. NAV per share dropped from ₹87.14 in FY2023 to ₹66.78 in FY2024, Usha Financial Services showcased strong liquidity and reduced reliance on debt.

To get a full IPO review, click here Usha Financial Services IPO

Usha Financial Services Limited IPO Date

Usha Financial Services Limited will start accepting subscriptions from October 24 to October 28, 2024.

Usha Financial Services Limited IPO Price

Usha Financial Services Limited’s price range is from ₹160 to ₹168 per share with a face value of ₹10 each.

Usha Financial Services Limited

Usha Financial Services, an NBFC registered with the RBI since 1995, offers lending solutions to NBFCs, corporates, MSMEs, and individuals, with a focus on women entrepreneurs and EV financing. With over 28,000 active borrowers and nine years of lending experience, it partners with 13 business entities to extend customized loan services across various states in India.

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How To Apply For Usha Financial Services Limited IPO?

To apply for the Usha Financial Services Limited IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Usha Financial Services Limited on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Usha Financial Services Limited IPO at Alice Blue in just a few clicks!

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