Nisus Finance Services IPO
- IPO Date04 Dec, 2024 to 06 Dec, 2024
- Listing Date06 Dec, 2024
- Face Value₹10 per share
- Issue Price₹170 to ₹180 per share
- Lot Size800 Shares
- Minimum Investment₹1,44,000
- Listing AtBSE SME
- Total Issue Size63,46,400 Shares
(aggregating up to ₹114.24 Cr) - Fresh Issue56,45,600 Shares
(aggregating up to ₹101.62 Cr)
- Offer for Sale7,00,800 Shares
(aggregating up to ₹12.61 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,82,32,500
- Shareholding post issue2,38,78,100
IPO Dates
Closing Date
06 Dec, 2024
Initiation of Refunds
10 Dec, 2024
Listing Date
11 Dec, 2024
04 Dec, 2024
Opening Date
09 Dec, 2024
Basis of Allotment
10 Dec, 2024
Credit of Shares
Nisus Finance Services 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 (Max) | 1 | 800 | ₹1,44,000 |
| Retail (Min) | 1 | 800 | ₹1,44,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 1600 | ₹2,88,000 |
Nisus Finance Services Promoter Holding
Amit Anil Goenka and Mridula Amit Goenka are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.74% | 73.22% |
Nisus Finance Services COMPANY INFORMATION
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.
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:
- Real Estate Special Opportunities Fund – 1
- Real Estate Credit Opportunities Fund – 1
- Nisus High Yield Growth Fund – 1
- 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
IPO Overview and Key Highlights
Nisus Finance Services, a diversified financial services provider, is offering its Initial Public Offering (IPO), comprising a fresh issue of 56,45,600 equity shares and an Offer for Sale (OFS) of 7,00,800 equity shares, aggregating a total of 63,46,400 equity shares at a face value of Rs 10 each. The IPO is aimed at funding business expansion, meeting working capital requirements, and general corporate purposes. Shares are proposed to be listed on the BSE SME Platform?.
Key IPO Details
- Type of Issue: Book Built Issue
- Fresh Issue Size: 56,45,600 equity shares
- Offer for Sale (OFS): 7,00,800 equity shares
- Total Issue Size: 63,46,400 equity shares
- Face Value: Rs 10 per share
- Offer Opens: December 4, 2024
- Offer Closes: December 6, 2024
- Listing Exchange: BSE SME?.
Company Overview
Incorporated in 2013 and based in Mumbai, Nisus Finance Services specializes in providing financial advisory, lending solutions, and asset management services. The company’s focus is on serving both individual and institutional clients across real estate, infrastructure, and corporate finance sectors. Promoters Amit Anil Goenka and Mridula Amit Goenka bring decades of experience in financial services?.
Financial Overview
Nisus Finance Services has shown consistent growth, driven by its diversified service offerings and focus on high-growth sectors. IPO proceeds are expected to enhance its operational capabilities and strengthen its financial position.
Key Strengths of Nisus Finance Services
- Diversified Services: Expertise across multiple financial domains, including lending and asset management.
- Strong Promoters: Leadership with extensive industry experience.
- Sectoral Growth: Positioned to benefit from increasing demand in real estate and corporate finance?.
IPO Pros and Cons
Pros
- Growing Industry Demand: Rising need for specialized financial services in India.
- Experienced Management: Promoters with a proven track record in finance.
- Use of Proceeds: Funds will directly support growth and improve financial stability?.
Cons
- Market Sensitivity: Business performance is tied to economic and financial market conditions.
- Competition: Faces competition from established financial service providers.
- First Public Issue: Uncertainty around stock market performance post-listing?.
Risk Factors
Investors should evaluate the following risks:
- Economic Dependence: Sensitivity to macroeconomic conditions.
- Regulatory Risks: Compliance with evolving financial sector regulations.
- Operational Challenges: Managing growth while maintaining service quality.
Conclusion
The Nisus Finance Services IPO presents a solid opportunity for investors to enter the financial services sector through a company with strong leadership and diversified offerings. However, potential investors should carefully assess risks related to market dependency and competition before investing.
FAQs About Nisus Finance Services Ipo
Nisus Finance Services IPO will open on 04 Dec, 2024 and close on 06 Dec, 2024. Investors must apply within this period to participate.
The Nisus Finance Services IPO price band is set between ₹170.00 and ₹180.00 per share. The minimum lot size is 800, requiring an investment of at least ₹144000.00.
The Nisus Finance Services IPO shares are expected to be listed on 06 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Nisus Finance Services IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Nisus Finance Services IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.