Nisus Finance Services IPO Overview

Nisus Finance Services IPO is a book built issue of Rs 114.24 crores. The issue is a combination of fresh issue of 56.46 lakh shares aggregating to Rs 101.62 crores and offer for sale of 7.01 lakh shares aggregating to Rs 12.61 crores.

Nisus Finance Services IPO opens for subscription on December 4, 2024 and closes on December 6, 2024. The allotment for the Nisus Finance Services IPO is expected to be finalized on Monday, December 9, 2024. Nisus Finance Services IPO will list on BSE SME with tentative listing date fixed as Wednesday, December 11, 2024.

Nisus Finance Services IPO price band is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.

Beeline Capital Advisors Pvt Ltd is the book running  lead manager of the Nisus Finance Services IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Nisus Finance Services IPO is Spread X Securities.

Refer to Nisus Finance Services IPO RHP for detailed information.

Nisus Finance Services IPO Important dates

Nisus Finance Services IPO opens on December 4, 2024, and closes on December 6, 2024.

IPO Open Date Wednesday, December 4, 2024
IPO Close Date Friday, December 6, 2024
Basis of Allotment Monday, December 9, 2024
Initiation of Refunds Tuesday, December 10, 2024
Credit of Shares to Demat Tuesday, December 10, 2024
Listing Date Wednesday, December 11, 2024
Cut-off time for UPI mandate confirmation 5 PM on December 6, 2024

Nisus Finance Services IPO Financial Performance

Nisus Finance Services Co Limited’s revenue increased by 266.16% and profit after tax (PAT) rose by 663.29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Jun 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 5,835.66 4,903.31 3,106.22 2,077.43
Revenue 1,500.53 4,224.92 1,153.83 749.51
Profit After Tax 835.72 2,305.29 302.02 129.43
Net Worth 3,876.66 3,129.80 938.95 638.90
Reserves and Surplus 2,236.20 3,119.19 831.70 531.65
Total Borrowing 663.83 726.50 1,813.50 1,041.56
Amount in ₹ Lakhs

Nisus Finance Services IPO Key Performance Indicator

The market capitalization of Nisus Finance Services IPO is Rs 429.81 Cr.

KPI as of March 31, 2024.

KPI Values
ROE 109.83%
ROCE 101.63%
Debt/Equity 0.23
RoNW 73.09%
P/BV 10.48
PAT Margin (%) 54.3
Pre IPO Post IPO
EPS (Rs)  12.64 14
P/E (x)  14.24 12.86

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Nisus Finance Services IPO Objectives

The Net Proceeds will be utilized towards the following objectives:

  1. Augmenting fund setup, additional licenses, facility management services, and fund management infrastructure in IFSCGift City (Gandhinagar), DIFC-Dubai (UAE), and FSC-Mauritius.
  2. Fund raising cost, distribution, and placement fee to third-party distributors or agents in India and/or international markets for the creation of a pool of funds.
  3. Investment in Associate Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), to augment the capital base.
  4. General Corporate Purposes.

Nisus Finance Services IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 800 ₹144,000
Retail (Max) 1 800 ₹144,000
HNI (Min) 2 1,600 ₹288,000

Nisus Finance Services IPO Details

IPO Date December 4, 2024 to December 6, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹170 to ₹180 per share
Lot Size 800 Shares
Total Issue Size 6,346,400 shares
(aggregating up to ₹114.24 Cr)
Fresh Issue 5,645,600 shares
(aggregating up to ₹101.62 Cr)
Offer for Sale 700,800 shares of ₹10
(aggregating up to ₹12.61 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue 18,232,500
Share holding post issue 23,878,100
Market Maker portion 351,200 shares

Nisus Finance Services IPO Company Overview and Services

Founded in 2013, Nisus Finance Services Co Limited offers financial services such as Transaction Advisory Services, Fund and Asset Management, Private Equity and Venture Debt and Capital Solutions to Corporate Clients.

Nisus Finance Services has two business segments:

1. Transaction Advisory Services: assist and support the partners in transactions such as outright sales, joint ventures, joint development, capital structuring etc. The company helps businesses connect with private equity funds, risk capital providers, and financial institutions to support their growth. The company also offer advice on corporate real estate matters, helping to structure and finalize transactions efficiently.

2. Fund and Asset Management: includes providing growth capital, project financing, or special situation funding to developers, and asset management for Alternative Investment Funds focused on the real estate and infrastructure sector. As of date, we manage four schemes under the subsidiaries, step-down subsidiaries, and associate companies through SEBI, IFSC, and DIFC-registered AIFs, which include:

  1. Real Estate Special Opportunities Fund – 1
  2. Real Estate Credit Opportunities Fund – 1
  3. Nisus High Yield Growth Fund – 1
  4. Nisus High Yield Growth Fund Closed-Ended

The company’s main sources of revenue are fund management fees earned by the fund manager/advisor entities for managing AIF fund pools.

Assets Under Management (AUM): Approximately Rs 1,000 crore (FY2024) across real estate and urban infrastructure.

Office Network: Three offices, including two in India and one international, as of January 31, 2024.

Competitve Strengths:

  • A well-established, credible and customer-focused NiFCO brand.
  • Diversified Business Model.
  • Ability to identify emerging market trends on time.
  • Strong Management and distinctive people and culture.
  • Prudent governance, risk management, and internal control frameworks.

As of January 31, 2024, the company employed 24 people in the Nisus Group (NiFCO).

Nisus Finance Services IPO SWOT Analysis

Strengths:

  • Strong Financial Performance: The company has demonstrated significant growth in recent years, with strong revenue and profit margins.
  • Experienced Management Team: The management team has a proven track record in the financial services industry.
  • Diversified Revenue Streams: Nisus Finance has multiple revenue streams, including transaction advisory services and fund and asset management.

Weaknesses:

  • Concentration Risk: The company’s business is concentrated in a few key segments, which could make it vulnerable to economic fluctuations.
  • Regulatory Risks: The financial services industry is heavily regulated, and changes in regulations could impact the company’s operations.

Opportunities:

  • Growth in Financial Services: The Indian financial services industry is growing rapidly, providing opportunities for expansion and diversification.
  • Increasing Demand for Financial Advisory Services: As businesses become more complex, the demand for specialized financial advisory services is increasing.
  • Strategic Partnerships: Strategic partnerships with other financial institutions can help the company expand its reach and capabilities.

Threats:

  • Economic Downturn: An economic slowdown could negatively impact the demand for financial services.
  • Increased Competition: The financial services industry is highly competitive, with numerous players vying for market share.
  • Operational Risks: Issues related to operational efficiency and risk management could impact the company’s performance.

Nisus Finance Services IPO GMP Details

Nisus Finance Services SME IPO last GMP is ₹65, last updated Dec 6th 2024 . With the price band of 180.00, Nisus Finance Services SME IPO’s estimated listing price is ₹245 (cap price + today’s GMP).The expected percentage gain/loss per share is 36.11%.

We update GMP on a daily basis and based on last 27 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹65. Stay with us to know the daily price trend of Nisus Finance Services SME IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
06-12-2024 Close 180.00 ₹65  39500 ₹245 (36.11%) 6-Dec-2024 9:53
05-12-2024 180.00 ₹65   39500 ₹245 (36.11%) 5-Dec-2024 22:26
04-12-2024 Open 180.00 ₹55   33400 ₹235 (30.56%) 4-Dec-2024 22:31
03-12-2024 180.00 ₹52   31600 ₹232 (28.89%) 3-Dec-2024 22:24
02-12-2024 180.00 ₹50  30400 ₹230 (27.78%) 2-Dec-2024 22:28
01-12-2024 180.00 ₹50  30400 ₹230 (27.78%) 1-Dec-2024 22:28
30-11-2024 180.00 ₹50  30400 ₹230 (27.78%) 30-Nov-2024 22:29
29-11-2024 180.00 ₹50  30400 ₹230 (27.78%) 29-Nov-2024 22:29
28-11-2024 180.00 ₹50   30400 ₹230 (27.78%) 28-Nov-2024 22:25

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Nisus Finance Services IPO Subscription Status 

Nisus Finance Services IPO subscribed 27.99 times. The public issue subscribed 37.28 times in the retail category, 3.41 times in QIB, and 39.79 times in the NII category by December 6, 2024.

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)* Total Application
Anchor Investors 1 17,89,600 17,89,600 32.21 –
Market Maker 1 3,51,200 3,51,200 6.32 –
Qualified Institutions 3.41 11,94,400 40,73,600 73.32 13
Non-Institutional Buyers*** 39.79 8,96,000 3,56,54,400 641.78 8,016
Retail Investors 37.28 20,91,200 7,79,49,600 1,403.09 97,456
Employees 0.73 24,000 17,600 0.32 0
Total ** 27.99 42,05,600 11,76,95,200 2,118.51 1,39,200

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

  • ***: Market Maker portion is not included to NII/HNI.

Nisus Finance Services IPO Subscription Details (times)

Date QIB NII* Retail EMP Total
Day 1
Dec 4, 2024		 2.89 2.22 3.75 0.10 3.16
Day 2
Dec 5, 2024		 3.41 22.88 29.07 0.73 20.30
Day 3
Dec 6, 2024		 3.41 39.79 37.28 0.73 27.99

Nisus Finance Services IPO Allotment status 

The allotment status of Nisus Finance Services IPO is expected to be available on December 9, 2024.

Nisus Finance Services IPO allotment status is not available at this time. Nisus Finance Services IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Nisus Finance Services Co Limited IPO allotment status.

To check Nisus Finance Services IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Skyline Financial Services Private Ltd either by phone or email. Investors can call on 02228511022 or send an email with all relevant details to ipo@skylinerta.com.

Nisus Finance Services IPO Contact Details

Nisus Finance Services Co Limited
Unit No 502-A, Floor-5,
A-Wing, Poonam Chambers, Dr. Annie Besant Road,
Worli, Mumbai – 400018
Phone: +91-22-6164 8888
Email: cs@nisusfin.com
Website: http://www.nisusfin.com/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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