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Usha Financial Services IPO

Usha Financial Services IPO

listed
₹1.28LMin. investment

Usha Financial Services IPO IPO Details

Price range₹160 – ₹168
IPO type
SME
Lot size800 shares
Issue size₹98.45Cr
RHP/DRHP
Read

Usha Financial Services IPO Timeline

  1. Bid start
    24 Oct 2024
  2. Bid end
    28 Oct 2024
  3. Allotment
    26 Oct 2024
  4. Release of funds
    30 Oct 2024
  5. Demat transfer
    29 Oct 2024
  6. Listing
    31 Oct 2024
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.

Usha Financial Services IPO Contact Details

Company NameUsha Financial Services IPO

How to apply for Usha Financial Services IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Usha Financial Services IPO FAQs