Nisus Finance IPO vs OBSC Perfection IPO

Comparison between Nisus Finance IPO and OBSC Perfection IPO.

IPO Details

Nisus Finance IPO is a SME Bookbuilding IPO proposed to list at BSE SME while OBSC Perfection IPO is a SME Bookbuilding proposed to list at NSE SME.

	Nisus Finance IPO	OBSC Perfection IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Unistone Capital Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	R.K.Stock Holding 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 OBSC Perfection IPO is up to ₹62.69 Cr. The final issue price of Nisus Finance IPO is ₹180.00 per share and of OBSC Perfection IPO is ₹100.00 per share.

	Nisus Finance IPO	OBSC Perfection IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹170.00 per share	₹95.00 per share
Issue Price (Upper)	₹180.00 per share	₹100.00 per share
Issue Price (Final)	₹180.00 per share	₹100.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)	₹0.00 per share
Market Lot Size	800 shares	1200 shares
Fresh Issue Size	52,94,400 shares	62,68,800 shares
Fresh Issue Size (Amount)	up to ₹95.30 Cr	up to ₹62.69 Cr
OFS Issue Size	7,00,800 shares	0 shares
OFS Issue Size (Amount)	up to ₹12.61 Cr	up to ₹0.00 Cr
Issue Size Total	59,95,200 shares	62,68,800 shares
Issue Size Total (Amount)	up to ₹107.91 Cr	up to ₹62.69 Cr

IPO Timetable

Nisus Finance IPO opens on Dec 04, 2024, while OBSC Perfection IPO opens on Oct 22, 2024. The closing date of Nisus Finance IPO and OBSC Perfection IPO is Dec 06, 2024, and Oct 24, 2024, respectively.

	Nisus Finance IPO	OBSC Perfection IPO
Anchor Bid Date	Dec 03, 2024	Oct 21, 2024
Issue Open	Dec 04, 2024	Oct 22, 2024
Issue Close	Dec 06, 2024	Oct 24, 2024
Basis Of Allotment (Tentative)	Dec 09, 2024	Oct 25, 2024
Initiation of Refunds (Tentative)	Dec 10, 2024	Oct 28, 2024
Credit of Share (Tentative)	Dec 10, 2024	Oct 28, 2024
Listing date (Tentative)	Dec 11, 2024	Oct 29, 2024
Anchor Lockin End date 1	Jan 08, 2025	Nov 24, 2024
Anchor Lockin End date 2	Mar 09, 2025	Jan 23, 2025

Financials & KPIs

Nisus Finance IPO P/E ratio is 14.24, as compared to OBSC Perfection IPO P/E ratio of 14.62.

Nisus Finance IPO

OBSC Perfection 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

OBSC Perfection Limited Financial Information (Restated)

OBSC Perfection Limited's revenue increased by 20% and profit after tax (PAT) rose by 167% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,066.37	8,650.59	6,916.01	4,847.48
Total Income	5,700.15	11,611.41	9,691.03	5,672.42
Profit After Tax	603.05	1,221.21	457.39	360.11
Net Worth	3,610.15	3,007.1	1,785.89	1,328.47
Reserves and Surplus	1,825.15	1,222.1	595.89	138.47
Total Borrowing	4,967.82	4,147.25	3,340.48	1,897.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.74

100

Promoter Shareholding (Post-Issue)

73.22

P/E Ratio

14.24

14.62

Market Cap

₹429.81 Cr.

₹244.52 Cr.

ROE

109.83%

40.61%

ROCE

101.63%

31.49%

Debt/Equity

0.23

1.38

EPS

₹12.64

₹6.84

RoNW

73.09%

40.61%

Shares Offered

In the Nisus Finance IPO Retail Individual Investors (RII) are offered 20,91,200 shares while in OBSC Perfection IPO retail investors are offered 20,91,200 shares. Qualified Institutional Buyers (QIB) are offered 11,94,400 shares in Nisus Finance IPO and 12,54,000 shares in OBSC Perfection IPO.

	Nisus Finance IPO	OBSC Perfection IPO
Anchor Investor Reserveration	17,89,600 shares	18,79,200 shares
Market Maker Reserveration	3,51,200 shares	3,33,600 shares
QIB	11,94,400 shares	12,54,000 shares
NII	8,96,000 shares	9,40,800 shares
RII	20,91,200 shares	21,94,800 shares
Employee	24,000 shares
Others
Total	59,95,200 shares	62,68,800 shares

Bids Received (Subscription)

Nisus Finance IPO subscribed 192.29x in total, whereas OBSC Perfection IPO subscribed 16.56x.

	Nisus Finance IPO	OBSC Perfection IPO
QIB (times)	93.84x	10.20x
NII (times)	451.21x	25.87x
Big NII (times)
Small NII (times)
RII (times)	139.78x	16.20x
Employee (times)	0.90x
Other (times)
Total (times)	192.29x	16.56x

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OBSC Perfection IPO	Usha Financial IPO
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