Nisus Finance Services IPO bidding is open for subscription on December 4 2024. It will close on December 6 2024.This IPO is a book build issue type of Rs 114.24 crores. Total issue size is of 63,46,400 number of shares. Out of which 56,45,600 will be of fresh issue type and the rest of 70,00,800 will be of offer for sale type. The price band set for this IPO is Rs. 170 to 280 .Therefore total issue size amounts to approximately Rs 114.24 crores. Out of which Rs 101.62 crores will be of fresh issue type and the remaining 12.61 crore will be of offer for sale.The IPO is going to be listed on BSE SME.
After the application for the IPO is over, the company will deside the basis of allotment. Then ineligible applicants will get their amounts refunded on December 10,2024.On the same day eligible subscribers will get their shares credited to the respective Demat accounts. Afterthat on December 11, 2024 the IPO will get listed on BSE SME. The cut off time for UPI mandate confirmation is on and before 5:00 p.m. December 5.Subscribers who fall under retail category can apply for just 1 lot for this IPO. One lot is equal to 800 shares. This one lot is equivalent to Rs 1,44000.On the other hand HNI category investors can apply for maximum 2 lots, that is of 1600 number of shares and amounts to Rs 2,88,000.
It is also noted that Amit Anil Goenka and Mridula Amit Goenka both are the company promoters. Out of total number of shares offered for investors, 28% has been reserved for anchor investors, 5% has been set aside for market makers, 18.8% shares has been reserved for QIB category investors, 14.12% shares for NII, about 33% for retail category investors and 0.8% for employees attached with the company.
If we talk about financials results, company had generated a revenue of Rs 4903 crores for the financial year ending on 31st March 2024, whereas it accumulated Rs 3106. 22 crores for the previous financial year ending on 31st March 2023. So it can be seen that revenue of the company increased by about 666.16% with respect to income generated during the last financial year. Side by side Profit After Tax (PAT) has also rose to about 663.29% with respect to the last financial year ended on 31st March 2023.
About Nisus Finance Services IPO Limited:
The company was incorporated on the year of 2013. Gradually it get itself placed as a financial service provider. It mainly gives assistance to Transaction Advisory Services, Fund and Asset Management, Equity and Venture Capital Solutions to Corporate Clients.Nisus Finance Services has two business segments:
1.Transaction advisory services:
This segment offers assist and support in financial transactions on the field of joint venture, capital structure, joint development etc. This segment also offers support to financial institution for their financial growth. It also provides advisory services especially on real estate matter to enable efficient transactions.
2.Fund and Asset Management:
This segment provides capital growth, financing on project, funding to developers who are indulged in real estate and infrastructure sector. Companies primary source of income is fund management fees charged by fund managers. As of now, there are three company corporate offices, out of which two is situated in India and one is international. About 24 people are working as employee in the Nisus Group.
Objectives of Nisus Finance Services IPO:
The proceeds raised through the IPO allotment will be utilised for additional fund setup, for management infrastructure facility in Gift City Gujarat, Dubai and Mauritius.A portion of the amount of proceeds will go on for the fund raising cost, distribution and placement fee to third party distributors in India as well as in international market. A part of the funds raised will also be utilised for investment purpose in the associate company that is Nisus Fincorp Private Limited. Remaining of the proceeds will be spent for general corporate purposes.
Nisus Finance Services IPO review:
The company along with it’s Subsidiary and Associate companies are primarily engaged in two segments–one is for Transaction Advisory Services and the other is for Fund and Asset Management. If we take a look on the financial parameters, it is seen that the company made a huge revenue as well as bumper profits during the financial year 2025. It is thought that the company will maintain its previous track record in the upcoming years too. So investors can park their funds for the medium and long term.
The Registered Office of Nisus Finance Services Limited is in Mumbai now. Skyline Financial Services Private Limited is responsible to play the role as Registrar on behalf of Nisus Finance Services Limited while Beeline Capital Advisors Private Limited is the lead manager or Merchant Bankers for this IPO process.
FAQ:
What is Nisus Finance Services IPO?
Nisus Finance Services IPO is a book build issue type IPO of Rs 114.24 crores. It opens on December4, 2024 and closes on December 6, 2024.Allotment date is on December 9, 2024 and the listing date fixed on December 11,2024.
When Nisus Finance Services IPO will open?
Nisus Finance Services IPO will open on December 4, 2024 and closes on December 5,2024.
What is the lot size of Nisus Finance Services IPO?
Nisus Finance Services IPO lot size is 8 which amounts to Rs.1,44,000.
When Allotment will be done?
Allotment of Nisus Finance Services IPO will be done on December 9 2024.
When Nisus Finance Services IPO will get listed?
The tentative date for Nisus Finance Services IPO has been fixeded on December 11,2024.
