IPO Details

Bidding Dates

04 Dec '24 - 06 Dec '24

Minimum Investment

₹1,44,000

Price Range

₹170 - ₹180

Maximum Investment

₹1,44,000

Retail Discount

Not Applicable

Issue Size

₹114.24 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible Employees  |  

Nisus Finance Services IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Dec 4, 2024

Closing Date

Dec 6, 2024

Basis of Allotment

Dec 10, 2024

Initiation of Refunds

Dec 11, 2024

Listing Date

Dec 12, 2024

Nisus Finance Services IPO Subscription Details

DateQIBNIIRetailEMPTotal

Day 1Dec 4, 2024

 2.89x 2.22x 3.75x 0.10x 3.16x

Day 2Dec 5, 2024

 3.41x 22.88x 29.07x 0.73x 20.30x

Day 3Dec 6, 2024

 3.41x 39.79x 37.28x 0.73x 27.99x

About Nisus Finance Services IPO

Nisus Finance Services is launching an IPO worth ₹114.24 crores through a book-built issue. The IPO comprises a fresh issue of 56.46 lakh shares amounting to ₹101.62 crores and an offer for sale of 7.01 lakh shares aggregating ₹12.61 crores.

Nisus Finance Services IPO will open for subscription on 4th December 2024 and close on 6th December 2024. The allotment of shares is expected to be finalised on 9th December 2024, with the tentative listing date set for 11th December 2024 on the BSE SME platform.

The price band is fixed at ₹170 to ₹180 per share, with a minimum lot size of 800 shares. Retail investors require a minimum investment of ₹1,44,000, while high-net-worth individuals (HNIs) need ₹2,88,000 for two lots.

Beeline Capital Advisors Pvt Ltd is the lead manager, Skyline Financial Services Private Ltd serves as the registrar, and Spread X Securities acts as the market maker.

Industry Outlook

  1. AIF registrations grew by 22.9% from 885 in 2022 to 1,088 in 2023, reflecting rising investor demand across categories.
  2. As of March 2023, AIFs deployed 32.5% of total funds in real estate (20.1%), IT/ITes (6.3%), and financial services (6.1%).

Nisus Finance Services IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

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

About Nisus Finance Services Co Limited 

Founded in 2013, Nisus Finance Services Co Limited is a prominent provider of financial solutions, specialising in Transaction Advisory Services, Fund and Asset Management, Private Equity, Venture Debt, and Capital Solutions for corporate clients.The company operates two key business segments:

  1. Transaction Advisory Services: Nisus facilitates outright sales, joint ventures, and capital structuring transactions. It connects businesses with private equity funds, risk capital providers, and financial institutions while offering corporate real estate advisory services to ensure efficient transaction execution.
  2. Fund and Asset Management: Focused on real estate and infrastructure, Nisus manages growth capital, project financing, and special situation funding through SEBI, IFSC, and DIFC-registered AIFs. The company oversees four funds, including Real Estate Special Opportunities Fund – 1 and Nisus High Yield Growth Fund.

With Assets Under Management (AUM) of approximately ₹1,000 crore (FY2024) and a network of three offices, Nisus continues to drive growth in the financial sector.

How To Check the Allotment Status of the Nisus Finance Services IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How to apply for Nisus Finance Services IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Nisus Finance Services IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Nisus Finance Services IPO 

Registered office: Unit No 502-A, Floor-5, A-Wing, Poonam Chambers, Dr. Annie Besant Road, Worli, Mumbai, Maharashtra - 400018 India

Phone: : +91-22-6164 8888

E-mail: cs@nisusfin.com

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 Issue

NII (HNI) Shares Offered

Not less than 15.00% of the Net Issue

Nisus Finance Services IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

800

₹1,44,000

Retail (Max)

1

800

₹1,44,000

HNI (Min)

2

1,600

₹2,88,000

Nisus Finance Services IPO Promoter Holding

The company's promoters are Mridula Amit Goenka and Amit Anil Goenka.

Share Holding Pre-Issue

99.74%

Share Holding Post Issue

73.22%

Key Performance Indicators for Nisus Finance Services IPO

As of June 30, 2024, the market capitalisation of Nisus Finance Services stands at ₹429.81 crore. Here are the KPIs of Nisus Finance Services as of June 30, 2024.

KPI

Value

ROE

109.83%

ROCE

101.63%

Debt/Equity

0.23

RoNW

73.09%

P/BV

10.48

PAT Margin (%)

54.3

Nisus Finance Services IPO Prospectus

Nisus Finance Services IPO Registrar and Lead Managers

Nisus Finance Services IPO Lead Managers

Beeline Capital Advisors Pvt Ltd

Registrar for Nisus Finance Services IPO

Skyline Financial Services Private Ltd

  • Contact Number: 02228511022
  • Email Address: ipo@skylinerta.com

Website: Nisus Finance Services IPO Registrar

Financial Performance of Nisus Finance Services Co Limited

Particulars As of June 30, 2024 Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 1,358.00 4,212.71 1,129.95 724.21
Profit After Tax (PAT) (in ₹ lakh) 830.92 2,287.49 300.05 128.54
Total Borrowings (in ₹ lakh) 663.83 726.50 1,813.50 1,041.56
Net Worth (in ₹ lakh) 3,876.66 3,129.80 938.95 638.90
Return on Capital Employed (%) 24.20% 101.63% 23.48% 15.79%
Return on Equity (%) 22.81% 109.83% 38.03% 22.37%
Debt/ Equity (x) 0.16 0.23 1.93 1.63
Earning Per Share (EPS)-in absolute ₹ 4.56 12.55 1.65 0.70

Know before investing

Strengths

12

  1. Diversified business model with ₹10 billion AUM (FY2024).

  2. Expertise in real estate and urban infrastructure investments.

  3. Strong client trust with partnerships across HNIs and institutions.

  4. Advanced IT systems ensuring secure operations and growth.

  5. 96% AUM growth CAGR from FY2021 to FY2024.

  6. Robust ESG integration supporting sustainable investment practices.

  7. Cultivates enduring relationships, fostering strong, ongoing developer partnerships.

  8. Offers continuous, innovative solutions, establishing lasting developer connections.

  9. Combines strategies of amalgamation and joint ventures to drive growth.

  10. Secured RBI approval for NBFC operations, expanding service offerings.

  11. AUM grew from ₹1.32 billion to ₹10 billion from 2021 to 2024.

  12. Utilises both traditional and digital marketing to maximise brand exposure.

Risks

15

  1. Legal disputes involve ₹200.48 lakhs, risking financial and reputational impact.

  2. Top 10 customers contributed 56.14%-84.94% of revenue, increasing dependency.

  3. SEBI regulations and RBI reforms may impact business operations.

  4. ₹125 lakhs of unsecured loans pose potential liquidity and repayment risks.

  5. Real estate exposure at 20.1% raises vulnerability to sector downturns.

  6. Insurance gaps may not cover material losses or liabilities.

  7. Intense market competition may pressure pricing and profit margins.

  8. Rapid growth challenges operational efficiency and internal controls management.

  9. Adverse real estate sector trends may affect investment recoveries.

  10. Delays or discrepancies in statutory compliance could incur penalties.

  11. Regulatory changes, like RBI AIF Circular, may impact operations.

  12. A volatile investment portfolio is exposed to financial market fluctuations.

  13. Inadequate intellectual property protection may harm competitiveness significantly.

  14. Short-term transaction advisory engagements create unpredictable revenue cycles.

  15. Promoter ownership post-offer remains 73.22%, influencing shareholder decisions.

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Nisus Finance Services IPO FAQs

What is the Nisus Finance Services IPO?

Nisus Finance Services IPO is a book built issue IPO. It will be open from December 4, 2024, to December 6, 2024.

When will Nisus Finance Services IPO be allotted?

The Basis of Allotment will happen on Monday, December 9, 2024. 

When will Nisus Finance Services IPO open for subscription?

The IPO subscription window will open on December 4, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 800 shares.

When will Nisus Finance Services Co Limited list on exchanges?

The listing date for Nisus Finance Services Co Limited is Wednesday, December 11, 2024.

What is the issue size of Nisus Finance Services IPO?

The issue size of the Nisus Finance Services IPO is up to ₹114.24 crore, with a fresh issue of ₹101.62 crore and an offer for sale of ₹12.61 crore.

What are the open and close dates of the Nisus Finance Services IPO?

The open and close dates for Nisus Finance Services IPO are from December 4, 2024 to December 6, 2024.

What would be the listing gains on the Nisus Finance Services IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. 

How to increase your chances of getting a Nisus Finance Services IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Nisus Finance Services IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Nisus Finance Services Co Limited using one PAN?

You can submit only one application using your PAN card.

How to read Nisus Finance Services Co Limited's financial statements?

To read Nisus Finance Services’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for Nisus Finance Services IPO?

Pre-apply allows investors to apply for the  Nisus Finance Services  IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Nisus Finance Services IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Nisus Finance Services IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Nisus Finance Services IPO?

Skyline Financial Services Private Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Nisus Finance Services IPO getting listed?

Nisus Finance Services Co Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).