Usha Financial Services Ltd. has announced public offering of 5860000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 158.00 per share. The gross proceeds of the issue are expected to be Rs 9,844.80 lakhs.

The company's initial public offer (IPO) will open on 24 October 2024 and is expected to close on 28 October 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 160.00-168.00 per share.

The IPO includes a fresh Issue of 5860000 Equity Shares of the Company at an price of Rs 168.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

Usha Financial Services Ltd. anticipates using the proceeds of the issue for .

Narnolia Financial Services Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.