IPO

IPO Synopsis

Usha Financial Services Ltd
Initial public offering of up to 58,60,000 equity shares of Rs. 10/- each ("Equity Shares") of Usha Financial Services Limited ("Usha Financial" or "UFSL" or the "Company") for cash at a price of Rs. 168/- per equity share (the "Issue Price"), aggregating to Rs. 98.45 crores ("The Issue"). Out of the issue, 3,20,800 equity shares aggregating to Rs. 5.39 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 55,39,200 equity shares of face value of Rs. 10/- each at an issue price of Rs. 168/- per equity share aggregating Rs. 93.06 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.96 % and 25.48 %, respectively of the post issue paid up equity share capital of the company.
Issue
Opens On Closes On
24-Oct-24 28-Oct-24
Money Payable On
Application Allotment
168.00 0.00
Minimum Application for shares in Nos : 800 Further Multiples of : 800
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Narnolia Financial Services Ltd
Project Financed through Current Offer (.Cr) 98.45  
Post Issue Equity Share Capital (.Cr) 21.74
Issue Price () 168.00
Projects
Augment the capital base of the company
General corporate purposes
Promoted By
Rajesh Gupta
Anoop Garg
Geeta Goswami
Listing At
NSE - SME
Registrar to the Issue
Skyline Financial Services Pvt