Usha Financial Services IPO

Incorporated in May 1995, Usha Financial Services Limited is a non-banking finance company providing lending solutions to other NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs. The company also provides Electric Vehicle (EV) financing services. It offers a diversified range of financial products to individuals, body corporates, NBFCs, and MSMEs. The company has an AUM of Rs. 30,695.76 Lakhs and a Net worth of Rs. 10,602.63 Lakhs. It maintains a CRAR of 33.03% and a D/E Ratio of 1.71. The company has maintained long-term relationships with its lenders. As of September 30, 2024, the company's lenders included four banks and 15 NBFCs. The company utilizes two distinct business models to generate revenue: (A) Retail Lending and (B) Wholesale Lending. The product portfolio of the company consists of the following  Loans to Other NBFCs and Corporates Green financing/ electric vehicle financing MSMEs, focusing on small entrepreneurs Competitive Strength Experienced management team The company has strategic agreements with NBFCs and other entities, its business partners/correspondents, which are crucial for its retail lending business, providing access to extensive borrower networks. The extensive customer due diligence procedures include multiple levels of checks and controls. As of October 2024, the company had 43 employees.

The Company intends to utilize the Net Proceeds for the following objects: Augment the capital base of the Company General Corporate Purposes.

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