Usha Financial To Unveil IPO, NSE Emerge Approves

Usha Financial Services, a prominent RBI-licensed Non-Banking Financial Company (NBFC), has revealed its plans to open its Initial Public Offering (IPO) soon. The company received approval from NSE Emerge in early October 2024, allowing for a fresh issue of 58.60 lakh shares. This IPO will offer investors a chance to participate in the company's growth as it gears up to list on NSE Emerge, a platform supporting India’s emerging businesses.

Usha Financial Services has set an ambitious goal of reaching an Assets Under Management (AUM) of Rs 5,500 million by March 2025, significantly up from its AUM of Rs 3,060 million in March 2024. The company's rapid expansion is attributed to its diversified offerings, including Green Financing, loans to MSMEs and SMEs, Agriculture Loans, and Home Improvement Loans.

Geeta Goswami, CEO, Usha Financial Services, commented, "We are thrilled to invite investors to join us in our growth journey. Usha Financial Services is dedicated to promoting economic progress through inclusive financial solutions. We eagerly anticipate sharing more updates as the IPO approaches."

With approximately 25,000 customers currently, Usha Financial Services aims to double that number to 50,000 by March 2025, reinforcing its position as a key player in the inclusive finance sector.