Nisus Finance IPO vs United Heat Transfer IPO

Comparison between Nisus Finance IPO and United Heat Transfer IPO.

IPO Details

Nisus Finance IPO is a SME Bookbuilding IPO proposed to list at BSE SME while United Heat Transfer IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Nisus Finance IPO is up to ₹107.91 Cr whereas the issue size of the United Heat Transfer IPO is up to ₹28.49 Cr. The final issue price of Nisus Finance IPO is ₹180.00 per share and of United Heat Transfer IPO is ₹59.00 per share.

 Nisus Finance IPOUnited Heat Transfer IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹170.00 per share₹56.00 per share
Issue Price (Upper)₹180.00 per share₹59.00 per share
Issue Price (Final)₹180.00 per share₹59.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size800 shares2000 shares
Fresh Issue Size52,94,400 shares48,28,000 shares
Fresh Issue Size (Amount)up to ₹95.30 Crup to ₹28.49 Cr
OFS Issue Size7,00,800 shares0 shares
OFS Issue Size (Amount)up to ₹12.61 Crup to ₹0.00 Cr
Issue Size Total59,95,200 shares48,28,000 shares
Issue Size Total (Amount)up to ₹107.91 Crup to ₹28.49 Cr

IPO Timetable

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

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

Financials & KPIs

Nisus Finance IPO P/E ratio is 14.24, as compared to United Heat Transfer IPO P/E ratio of 13.16.

 Nisus Finance IPOUnited Heat Transfer IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets58.3649.0331.0620.77
Total Income15.0142.2511.547.50
Profit After Tax8.3623.053.021.29
NET Worth38.7731.309.396.39
Reserves and Surplus22.3631.198.325.32
Total Borrowing6.647.2718.1410.42
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 202431 Mar 202431 Mar 202331 Mar 2022
Assets72.3070.4764.8262.62
Total Income21.2064.1070.4047.96
Profit After Tax2.436.242.121.53
NET Worth28.6520.3814.1412.02
Reserves and Surplus14.737.639.897.77
Total Borrowing32.0236.9232.9537.61
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.7491.59
Promoter Shareholding (Post-Issue)73.2267.09
P/E Ratio14.2413.16
Market Cap₹429.81 Cr.₹112.12 Cr.
ROE109.838.46
ROCE101.6310.79
Debt/Equity0.231.12
EPS₹12.64₹4.48
RoNW73.098.46

Shares Offered

In the Nisus Finance IPO Retail Individual Investors (RII) are offered 20,91,200 shares while in United Heat Transfer IPO retail investors are offered 20,91,200 shares. Qualified Institutional Buyers (QIB) are offered 11,94,400 shares in Nisus Finance IPO and 9,74,000 shares in United Heat Transfer IPO.

 Nisus Finance IPOUnited Heat Transfer IPO
Anchor Investor Reservation17,89,600 shares14,34,000 shares
Market Maker Reservation3,51,200 shares2,56,000 shares
QIB11,94,400 shares9,74,000 shares
NII8,96,000 shares7,28,000 shares
RII20,91,200 shares16,92,000 shares
Employee24,000 shares
Others
Total59,95,200 shares48,28,000 shares

Bids Received (Subscription)

Nisus Finance IPO subscribed 134.89x in total, whereas United Heat Transfer IPO subscribed 58.84x.

 Nisus Finance IPOUnited Heat Transfer IPO
QIB (times)93.84x26.56x
NII (times)451.21x124.72x
Big NII (times)
Small NII (times)
RII (times)139.78x98.93x
Employee (times)0.90x
Other (times)
Total (times)134.89x58.84x

Compare with others

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Nisus Finance IPO Vs United Heat Transfer IPO