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 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 Spread X Securities |
Nisus Finance Services IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Nisus Finance Services IPO Timeline (Tentative Schedule)
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 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 |
| Lot Size Calculator | |||
Nisus Finance Services IPO Promoter Holding
Amit Anil Goenka and Mridula Amit Goenka are the company’s promoters.
| Share Holding Pre Issue | 99.74% |
| Share Holding Post Issue | 73.22% |
About Nisus Finance Services Co Limited
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 Co Limited Financial Information (Restated Consolidated)
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 | ||||
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 |
Check Nisus Finance Services IPO Peer Comparison here.
| 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.
Objects of the Issue (Nisus Finance Services IPO Objectives)
The Net Proceeds will be utilized towards the following objectives:
- Augmenting fund setup, additional licenses, facility management services, and fund management infrastructure in IFSCGift City (Gandhinagar), DIFC-Dubai (UAE), and FSC-Mauritius.
- 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.
- Investment in Associate Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), to augment the capital base.
- General Corporate Purposes.
Nisus Finance Services IPO Prospectus
- › Nisus Finance Services IPO DRHP
- › Nisus Finance Services IPO addendum to DRHP
- › Nisus Finance Services IPO RHP
Nisus Finance Services Co Limited 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/
Nisus Finance Services IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php