Nisus Finance IPO vs Rajesh Power IPO

Comparison between Nisus Finance IPO and Rajesh Power IPO.

IPO Details

Nisus Finance IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rajesh Power IPO is a SME Bookbuilding proposed to list at BSE SME.

	Nisus Finance IPO	Rajesh Power IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	ISK Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Nisus Finance IPO is up to ₹107.91 Cr whereas the issue size of the Rajesh Power IPO is up to ₹152.29 Cr. The final issue price of Nisus Finance IPO is ₹180.00 per share and of Rajesh Power IPO is ₹335.00 per share.

	Nisus Finance IPO	Rajesh Power IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹170.00 per share	₹319.00 per share
Issue Price (Upper)	₹180.00 per share	₹335.00 per share
Issue Price (Final)	₹180.00 per share	₹335.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)	₹0.00 per share
Market Lot Size	800 shares	400 shares
Fresh Issue Size	52,94,400 shares	25,46,000 shares
Fresh Issue Size (Amount)	up to ₹95.30 Cr	up to ₹85.29 Cr
OFS Issue Size	7,00,800 shares	20,00,000 shares
OFS Issue Size (Amount)	up to ₹12.61 Cr	up to ₹67.00 Cr
Issue Size Total	59,95,200 shares	45,46,000 shares
Issue Size Total (Amount)	up to ₹107.91 Cr	up to ₹152.29 Cr

IPO Timetable

Nisus Finance IPO opens on Dec 04, 2024, while Rajesh Power IPO opens on Nov 25, 2024. The closing date of Nisus Finance IPO and Rajesh Power IPO is Dec 06, 2024, and Nov 27, 2024, respectively.

	Nisus Finance IPO	Rajesh Power IPO
Anchor Bid Date	Dec 03, 2024	Nov 22, 2024
Issue Open	Dec 04, 2024	Nov 25, 2024
Issue Close	Dec 06, 2024	Nov 27, 2024
Basis Of Allotment (Tentative)	Dec 09, 2024	Nov 28, 2024
Initiation of Refunds (Tentative)	Dec 10, 2024	Nov 29, 2024
Credit of Share (Tentative)	Dec 10, 2024	Nov 29, 2024
Listing date (Tentative)	Dec 11, 2024	Dec 02, 2024
Anchor Lockin End date 1	Jan 08, 2025	Dec 28, 2024
Anchor Lockin End date 2	Mar 09, 2025	Feb 26, 2025

Financials & KPIs

Nisus Finance IPO P/E ratio is 14.24, as compared to Rajesh Power IPO P/E ratio of 19.59.

Nisus Finance IPO

Rajesh Power IPO

Financials

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
Total Income	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

Rajesh Power Services Limited Financial Information (Restated Standalone)

Rajesh Power Services Limited's revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	33,822.42	24,039.00	19,823.38	17,562.82
Total Income	31,785.09	29,506.07	21,117.57	14,936.84
Profit After Tax	2,768.25	2,602.29	675.15	344.60
Net Worth	11,122.22	8,430.05	5,865.80	5,228.69
Reserves and Surplus	9,600.48	6,908.31	4,344.06	3,706.95
Total Borrowing	7,973.04	7,767.08	5,971.20	6,243.33
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.74

100

Promoter Shareholding (Post-Issue)

73.22

73.40

P/E Ratio

14.24

19.59

Market Cap

₹429.81 Cr.

₹603.25 Cr.

ROE

109.83%

24.89%

ROCE

101.63%

25.61%

Debt/Equity

0.23

0.92

EPS

₹12.64

₹17.10

RoNW

73.09%

25.47%

Shares Offered

In the Nisus Finance IPO Retail Individual Investors (RII) are offered 20,91,200 shares while in Rajesh Power IPO retail investors are offered 20,91,200 shares. Qualified Institutional Buyers (QIB) are offered 11,94,400 shares in Nisus Finance IPO and 9,13,600 shares in Rajesh Power IPO.

	Nisus Finance IPO	Rajesh Power IPO
Anchor Investor Reserveration	17,89,600 shares	13,36,400 shares
Market Maker Reserveration	3,51,200 shares	2,44,000 shares
QIB	11,94,400 shares	9,13,600 shares
NII	8,96,000 shares	6,91,200 shares
RII	20,91,200 shares	16,04,800 shares
Employee	24,000 shares
Others
Total	59,95,200 shares	45,46,000 shares

Bids Received (Subscription)

Nisus Finance IPO subscribed 192.29x in total, whereas Rajesh Power IPO subscribed 59.00x.

	Nisus Finance IPO	Rajesh Power IPO
QIB (times)	93.84x	46.39x
NII (times)	451.21x	138.46x
Big NII (times)
Small NII (times)
RII (times)	139.78x	31.96x
Employee (times)	0.90x
Other (times)
Total (times)	192.29x	59.00x

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