Nisus Finance Services Co Limited, a prominent supplier of financial solutions with a focus on two main business categories, was founded in 2013.
- Capital structuring, joint ventures, and outright sales are all made easier by the Transaction Advisory Services division.
- Furthermore, through Alternative Investment Funds (AIFs) registered with SEBI, IFSC, and DIFC, the Fund and Asset Management sector manages growth capital, project financing, and special situation funding with an emphasis on real estate and infrastructure.
Nisus Finance IPO Details
- The initial public offering (IPO) of Nisus Finance Services is planned for December 4–6, 2024.
- The IPO’s total size is ?114.24 crores, which includes a new issue of 5,645,600 equity shares valued at ?101.62 crores and an offer to sell up to 700,800 equity shares valued at ?12.61 crores.
- With a lot size of 800 shares, the IPO price range has been set at ?170-?180 per share. High Net Worth Individuals (HNIs) are required to invest a minimum of ?288,000, while retail investors must invest a minimum of ?144,000.
- The BSE SME platform will list the IPO. On Monday, December 9, 2024, the allocation basis will be confirmed, and on December 11, 2024, the shares will be listed.
Nisus Finance Services IPO Day 3 Subscription Status
The Nisus Finance IPO attained a subscription rate of 27.99 times the total number of shares available on the third day of bidding.
- With 39.79 times their allotted subscriptions, the Non-Institutional Investors (NIIs) shown a high level of interest.
- With subscriptions skyrocketing to 37.28 times their allocation, the Retail Investors section also attracted remarkable participation.
- In the meantime, a subscription level of 3.41 times was registered by the Qualified Institutional Buyers (QIBs).
- Workers purchased 0.73 times as many shares as they were allotted.
Nisus Finance Services IPO Day 2 Subscription Status
- Subscription total: 20.30 times.
- 3.41 times for Qualified Institutions (QIBs).
- 22.88 times for non-institutional investors (NIIs).
- 29.07 times for retail individual investors (RIIs).
- Reserved Employee: 0.73 times.
Utilization of IPO Proceeds
- Expansion Capabilities:
Prioritise obtaining new licenses and improving facility administration and fund setup skills. - Infrastructure Upgrade: Improve the infrastructure for fund management in important financial centers, like as the DIFC in Dubai, the FSC in Mauritius, and the IFSC-Gift City in Gandhinagar.
- Subsidiary investments: Bolster Nisus Fincorp’s (the company’s subsidiary) capital basis.
- General Corporate Purpose: Set aside money for general business needs.
- Fundraising and Placement Costs: Pay for the costs of fundraising and placements in both domestic and foreign markets.
Nisus Finance Financial Highlights:
- As of FY 2024, the company’s assets under management (AUM) were valued at about Rs 1,012 crore.
- Nisus Finance Services Co Limited reported generating ?1,129.95 lakhs in revenue for the fiscal year that concluded on March 31, 2023. The company’s revenue reached ?4,212.71 lakhs by the end of March 31, 2024, representing a 272.82% increase.
Key Ratios
| Years | FY23 | FY24 |
| ROE | 38.03% | 109.83% |
| ROCE | 23.48% | 101.63% |
| EBITDA Margin | 46.61% | 81.57% |
| PAT Margin | 26.55% | 54.30% |
Disclaimer: There is a significant risk involved in investing in SME IPOs. Only investors with a high risk tolerance and the capacity to absorb possible losses may find such investments appropriate. Before making an investment, do extensive due diligence and speak with a financial counselor. Make prudent and independent investments.