58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Usha Financial Services Limited IPO Analysis

Usha Financial Services IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Banking And Finance sector. Unistone Capital Private is the merchant banker of Usha Financial Services IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 11th July 2024.

Usha Financial Services IPO posted revenues of Rs 53.62 crores and PAT of Rs 10.08 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Usha Financial IPO Financial Performance (Restated)

Financial results of Usha Financial Services IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
30-Sep-24
FY24
FY23
FY22
Balance Sheet
Assets
351.34
335.86
372.23
164.28

Net Worth
111.07
106.03
82.07
47.68

Total Debt
188.62
181.28
247.51
97.23

Profit & Loss
Revenue
Revenue on annualised basis
26.81
53.62
63.96
46.19
25.31

EBITDA
EBITDA on annualised basis
17.74
35.48
47.77
35.52
16.23

PAT
PAT on annualised basis
5.04
10.08
13.45
10.17
4.14

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Usha Financial IPO Key performance Indicators (KPI)

Usha Financial Services IPO PAT Margin is 18.80%, ROCE (Return on Capital Employed) is 12.02% as per latest financial. The below table shows Usha Financial Services IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
30-Sep-24
FY24
FY23
FY22

EBITDA Margin (%)
66.17
74.69
76.90
64.12

PAT Margin (%)
18.80
21.03
22.02
16.36

EPS (Rs.)
3.18
8.64
7.42
3.51

ROE (%)
4.54
12.69
12.39
8.68

ROCE (%)
12.02
15.40
14.88
12.71

ROA (%)
1.43
4.00
2.73
2.52

Debt to Equity (x)  
1.70
1.71
3.02
2.04

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Usha Financial Services IPO Valuation Metrics

The market Capitalisation of Usha Financial Services IPO is Rs 365.19 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
365.19

Enterprice Value (EV) (Rs. Cr.):
544.10

EV/EBITDA (times) :
15.34

PE Multiple (times) :
18.11

P/B (times) :
1.74

NAV (Rs.) :
7.00

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Usha Financial prospectus?

The Usha Financial Services IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Usha Financial IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Usha Financial Services IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Usha Financial IPO ?

The post-IPO market capitalisation of Usha Financial Services IPO is ₹365.19 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Usha Financial IPO?

The Usha Financial Services IPO has a Price-to-Earnings (PE) ratio of 18.11 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Usha Financial Services IPO?

Usha Financial Services IPO reported revenue of ₹53.62 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Usha Financial Services IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Usha Financial Services IPO?

Usha Financial Services recorded an EBITDA of ₹ 35.48 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Usha Financial Services IPO?

Usha Financial Services Profit After Tax (PAT) is ₹10.08 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 53.62 Cr.
            EBITDA: ₹ 35.48 Cr.
            PAT: ₹ 10.08 Cr.
  • EBITDA Margin: 66.17 %
            Pat Margin: 18.80%
  • Net Worth: ₹ 111.07 Cr.
  • Market Capitalisation: ₹ 365.19 Cr.
  • P/E: 18.11 times
  • P/BV: 1.74 times
  • EV/EBITDA: 15.34 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Usha Financial Services operates in Banking And Finance and Provide Lending Solutions To Fellow NBFCs And Corporates. The Issue is listed on NSE EMERGE in Oct, 2024. Usha Financial Services IPO size was 98.45 with Issue price of 168.00 .

Usha Financial Services IPO subscription was 19.37 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Usha Financial Services IPO listed at a listing price of 155.85 against the offer price of 168.00.

The current market price of Usha Financial Services is 62.20.

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