Established in 1995, Usha Financial Services is registered with the Reserve Bank of India as a non-deposit taking NBFC-ICC, has built a solid foundation in the financial services sector over the past nine years. Their primary focus is to provide tailored lending solutions to fellow NBFCs, corporates, MSMEs, and individuals, with a special emphasis on empowering women entrepreneurs. In addition to traditional lending, they also offer innovative financing solutions for electric vehicles (EVs), aligning their services with emerging trends in sustainability and technology.
Central to their operations is a robust borrower evaluation process that prioritizes diligence and accuracy. Their dedicated evaluation team conducts thorough assessments of each potential borrower, employing a comprehensive due diligence framework that includes multiple levels of checks. This ensures that all clients meet their stringent criteria, with detailed analyses of their repayment capacity and cash flow. By maintaining these high standards, they effectively manage risk while fostering long-term relationships with their clients.
They pride themselves on an efficient and transparent loan disbursement process designed to maximize customer satisfaction. With quick turnaround times and competitive EMI-based interest rates, they strive to make the borrowing experience seamless. All disbursements are executed directly into clients’ bank accounts through secure banking channels, enhancing convenience and trust. Additionally, their strategic partnerships with other NBFCs and organizations enable them to extend their reach, providing essential loan services to MSMEs across various states in India.
At Usha Financial Services, their vision is to be a market leader in empowering customers and businesses to achieve their financial goals through innovative and accessible solutions. They are committed to serving unserved segments of society through meaningful financial alliances. Their mission is to deliver reliable, customer-centric financial solutions that support individuals and businesses in realizing their aspirations, all while upholding the highest standards of integrity, customer service, and social responsibility. Together, they aim to create a more inclusive and prosperous financial landscape.
IPO Timeline
Application start: 24-10-2024
Application end: 28-10-2024
Allotment begins: 29-10-2024
Refund Initiation: 30-10-2024
Allotment date: 30-10-2024
Listing on exchange: 31-10-2024
Usha Financial Services prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives. They are:
- To augment the capital base of the company.
- General corporate purposes.
- To meet out the issue expenses.
You can now apply for the Usha Financial Services IPO on Upstox. Click here.