Usha Financial Launches IPO: Aiming for Growth and Expansion

Usha Financial Services Limited is set to launch its IPO, with a fresh issue of 58.60 lakh shares, following NSE Emerge approval. The company aims to boost growth and reach an AUM of 5500 million by March 2025, offering diverse financial services like Green Financing and SME loans.

Usha Financial Services Limited, a prominent player among RBI-licensed Non-Banking Financial Companies (NBFCs) in India, is preparing for its Initial Public Offering (IPO). The financial service provider announced this week that it received the nod from NSE Emerge on October 2024, paving the way for a fresh issuance of 58.60 lakh shares.

The IPO positions Usha Financial Services for listing on NSE Emerge, a platform that supports emerging businesses in India, reflecting the company's commitment to expanding within the financial sector. The company has set an ambitious target to increase its Assets Under Management (AUM) to 5500 million by March 2025, up from 3060 million in March 2024, highlighting significant growth prospects.

Usha Financial has carved out a robust market presence with its multi-channel business strategy, incorporating innovative products like Green Financing and Loans to MSMEs. CEO Geeta Goswami expressed excitement about the IPO, emphasizing their mission to provide inclusive financial services that spur economic advancement. The company aims to double its customer base to 50,000 by March 2025.

(With inputs from agencies.)