October 31, 2024
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Usha Financial IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Usha Financial listing Review
The scrip is listed at Rs. 164, discount of 2.38% over the issue price. The listing has been disappointment to the grey market players.
Usha Financial IPO allotment Link
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Subscription status of Usha Financial IPO
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Usha Financial Services Limited IPO (Day 2) Price Rs. 168 Lot 800 shares, Rs. 98.45 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 1.07 | 3.26 | 4.72 | 3.37 | 12,222 (5.00x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Usha Financial?
Founded in May 1995, Usha Financial Services Limited is a non-banking finance company that offers lending solutions to various clients, including other NBFCs, corporations, MSMEs, and individuals, with a special focus on women entrepreneurs
Get more information about the company @ https://www.ushafinancial.com/
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Usha Financial IPO Details |
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| IPO opens on | 24 October 2024 |
| IPO closes on | 28 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5860,000 Shares / Rs 98.45 Crore |
| * Fresh Issue | 5860,000 Shares / Rs98.45 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 320800 Shares |
| Net offer to Public | Shares/ Rs. Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.160-168 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | ||
| NII (15%) | ||
| RII (35%) | ||
| Total Shares | ||
| Retail portion will be oversubscribed by |
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| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 800 Shares | Rs.134400 |
| Min HNI Application | 1600 Shares | Rs.268800 |
Who are the Promoters of Usha Financial?
The company’s promoters are Mr. Rajesh Gupta, Mr. Anoop Garg, Ms. Geeta Goswami, Ms. Nupur Gupta, and M/s BR Hands Investments Private Limited.
What are the Objects of Usha Financial IPO?
The Offer comprises of fresh issue of shares
The Company intends to utilize the Net Proceeds for the following objects:
- Augment the capital base of the Company
- General Corporate Purposes.
Tentative timetable |
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| IPO opens on | 24 October 2024 |
| IPO Closes on | 28 October 2024 |
| IPO Allotment on | 29 October 2024 |
| Refund Initiation | 30 October 2024 |
| Credit of Shares | 30 October 2024 |
| Listing on | 31 October 2024 |
| Registered Office of the Company Usha Financial Services Limited 330, Mezanine Floor Functional Industrial Estate Patparganj Delhi- 110092, |
| Who is the Lead Manager of this IPO? Narnolia Financial Services ltd Unistone Capital Pvt ltd |
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Who is the Registrar to IPO? |
Usha Financial IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Usha Financial IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | – | |||
| 2022-23 | – | |||
| 2023-24 | ||||
| Book Value of the Share on 31.03.2024 |
Rs | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 168 | ||
IPO
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| Price/EPS of 23-24 | 9.04 |
| Price/BV Ratio | 7.31 |
| Price/BV after IPO | |
How Usha Financial IPO compares with the Peers?
There is no peer group listed company.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Usha Financial IPO Review
Freshara Agro Exports Limited, previously known as Freshara Picklz Exports, was founded in 2015 and specializes in procuring, processing, and exporting preserved gherkins and other pickled products from India to international markets.
Through a contract farming initiative, the company sources raw produce from
Size: Net size of the IPO is Rs.68.21 crore, comprising of 58,80,000 shares. IPO size is some what large considering the recent trends. With 1715 applications, retail portion can get one time subscribed
Financial Snapshot: In the fiscal year 2023-24, just prior to the IPO, the company reported a net profit of Rs.21.82 crore on total income of Rs.198.02 crore. In contrast, during the fiscal year 2021-22, the company earned a net profit of Rs.99 lakhs on total income of Rs. 118.41 crore. This sharp increase in profits for 2023-24 raises questions and warrants closer examination.
+ from fundamental angle: Not so attractive
+ from grey market angle: ?
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Usha Financial IPO GMP today allotment, review?
Usha Financial IPO GMP grey market premium
Usha Financial IPO FAQs
What is Usha Financial IPO?
This is a SME IPO of 64,99,200 equity shares of the face value of Rs. 10 aggregating up to Rs.75.39 Crores. The issue is priced at Rs.110-116 per share. The minimum order quantity is 1200 Shares.
When will Usha Financial IPO subscription open?
Freshara Agro IPO opens on October 17, 2024, and closes on October 21, 2024.
What is the lot size of Usha Financial IPO?
Freshara Agro IPO lot size is 1200 Shares, and the minimum amount required is Rs.13200
How to apply for Usha Financial IPO?
You can apply in Freshara Agro IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Usha Financial IPO allotment?
The finalization of Basis of Allotment for Freshara Agro IPO will be done on October 22, 2024, and the allotted shares will be credited to your demat account by October 23, 2024.
When is Usha Financial IPO listing date?
Freshara Agro IPO listing date is October 24, 2024.
