Established in 2013, Nisus Finance Services Co. Limited offers a range of financial services such as transaction advisory, fund and asset management, private equity, and venture debt solutions for corporate clients. Its Transaction Advisory Services specialize in facilitating outright sales, joint ventures, and capital structuring, while also linking businesses with private equity and financial institutions. The Fund and Asset Management division provides growth capital, project financing, and asset management for Alternative Investment Funds (AIFs) registered with SEBI, IFSC, and DIFC, overseeing four schemes, including the Real Estate Special Opportunities Fund and the Nisus High Yield Growth Fund. With around Rs. 1,000 crore in Assets Under Management (AUM) for FY2024, the company primarily earns revenue through fund management fees. As of January 2024, Nisus operates three offices: two in India and one internationally.
Nisus Finance Services is set to launch at Rs 114.24 crores. This issue consists of a fresh issue of 56.46 lakh shares, totalling Rs 101.62 crore, along with an offer for sale of 7.01 lakh shares, amounting to Rs 12.61 crore. The subscription period for the Nisus Finance Services opens on December 4, 2024, and will close on December 6, 2024. The allotment is anticipated to be finalized on Monday, December 9, 2024. Additionally, the shares will be listed on BSE SME, with a tentative listing date scheduled for Wednesday, December 11, 2024.
The price range for the Nisus Finance Services is set between Rs. 170 and Rs. 180 per share. Investors must apply for a minimum of 800 shares. Retail investors need to invest at least Rs. 144,000, while high-net-worth individuals (HNIs) are required to purchase a minimum of 2 lots, which is 1,600 shares, totalling Rs. 288,000.
Beeline Capital Advisors Pvt Ltd serves as the book runner and lead manager for Nisus Finance Services, while Skyline Financial Services Private Ltd acts as the registrar. Additionally, Spread X Securities is the market maker for Nisus Finance Services’ initial public offering.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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