Usha Financial Services is preparing to launch its Initial Public Offering (IPO) to the public on October 24. The company, which is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI), aims to expand its services in areas such as MSME lending and green finance.

The Grey Market Premium (GMP) indicates strong investor interest in the IPO, with a 27% premium, suggesting positive investor sentiment. This move is expected to strengthen Usha Financial Services' capabilities and presence in the financial sector.

The IPO launch date of October 24 is fast approaching, and Usha Financial Services is gearing up to offer its shares to the public. As a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI), the company has plans to expand its services in areas such as MSME lending and green finance. The strong investor interest, as indicated by the 27% Grey Market Premium (GMP), reflects positive investor sentiment and bodes well for the success of the IPO. This strategic move is expected to enhance Usha Financial Services' position in the financial sector and pave the way for future growth.