Usha Financial Services Limited receives approval for 2024 IPO on NSE Emerge, aiming to boost AUM and customer base.

Usha Financial Services Limited, an RBI-licensed non-banking financial company in India, has received approval for its Initial Public Offering (IPO) on the NSE Emerge, scheduled for October 2024. The IPO will include 58.60 lakh shares as the company aims to boost its Assets Under Management from ₹3,060 million to ₹5,500 million by March 2025, and double its customer base to 50,000. The firm focuses on inclusive financial solutions, including Green Financing and MSME loans.

October 14, 2024
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