Bookbuilding IPO | ₹60 Cr | Listed at BSE SME | Mon, Aug 25, 2025 - Thu, Aug 28, 2025
NIS Management IPO is a book build issue of ₹60.01 crores. The issue is a combination of fresh issue of 0.47 crore shares aggregating to ₹51.75 crores and offer for sale of 0.07 crore shares aggregating to ₹8.26 crores.
NIS Management IPO bidding started from Aug 25, 2025 and ended on Aug 28, 2025. The allotment for NIS Management IPO was finalized on Aug 29, 2025. The shares got listed on BSE SME on Sep 2, 2025.
NIS Management IPO price band is set at ₹111 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,66,400 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,99,600.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to NIS Management IPO RHP for detailed Information.
IPO Open
Mon, Aug 25, 2025
IPO Close
Thu, Aug 28, 2025
Issue Price
₹111 per share
Market Cap (Pre-IPO)
₹219.78 Cr
| IPO Date | 25 to 28 Aug, 2025 |
| Listed on | Tue, Sep 2, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹105 to ₹111 |
| Issue Price | ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 54,06,000 shares (agg. up to ₹60 Cr) |
| Reserved for Market Maker | 3,30,000 shares Share India Securities Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 43,32,000 shares (agg. up to ₹48 Cr) |
| Offer for Sale | 7,44,000 shares of ₹10 (agg. up to ₹8 Cr) |
| Net Offered to Public | 50,76,000 shares (agg. up to ₹56 Cr) |
| Share Holding Pre Issue | 1,51,38,094 shares |
| Share Holding Post Issue | 1,98,00,094 shares |
| BSE Script Code | 544495 |
| ISIN | INE0M3X01010 |
NIS Management IPO comprises a total issue size of 54,06,000 shares. The net offer to the public is 50,76,000 shares, after excluding 3,30,000 shares allotted on a firm basis. Of the Net offer 25,14,000 (49.53%) are allocated to QIB, 7,74,000 (15.25%) allocated to NII 17,88,000 (35.22%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,14,000 | 49.53% | 46.50% |
| − Anchor Investor Shares Offered | 15,06,000 | 27.86% | |
| − QIB (Ex. Anchor) Shares Offered | 10,08,000 | 18.65% | |
| NII (HNI) Shares Offered | 7,74,000 | 15.25% | 14.32% |
| − bNII > ₹10L | 5,16,000 | 9.54% | |
| − sNII < ₹10L | 2,58,000 | 4.77% | |
| Retail Shares Offered | 17,88,000 | 35.22% | 33.07% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,30,000 | 6.10% | |
| Total Shares Offered | 54,06,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,66,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,99,600 |
| S-HNI (Max) | 7 | 8,400 | ₹9,32,400 |
| B-HNI (Min) | 8 | 9,600 | ₹10,65,600 |
NIS Management IPO raises ₹16.72 crore from anchor investors. NIS Management IPO Anchor bid date is August 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Aug 22, 2025 |
| Shares Offered | 15,06,000 |
| Anchor Portion (₹ Cr.) | 16.72 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Nov 27, 2025 |
Incorporated in 1985, NIS Management Limited is engaged in the business of security and facility management based in Kolkata.
The company offers a range of services, including manned guarding, electronic surveillance, facility management, payroll processing, and housekeeping.
The company has experienced significant growth, expanding from a five-person operation in 1985 to a substantial presence in the security services industry.
The company has expanded to include 14 branches, strategically positioned to optimize service delivery across diverse locations. The company remains committed to delivering exceptional, locally tailored service with high operational standards.
Services:
As of, June 30, 2025, the company had 16609 numbers of employees including contract labors.
Competitive Strengths:
NIS Management Ltd.'s revenue increased by 7% and profit after tax (PAT) rose by 2% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 255.11 | 247.44 | 225.72 |
| Total Income | 405.33 | 380.06 | 341.93 |
| Profit After Tax | 18.67 | 18.38 | 16.14 |
| EBITDA | 26.30 | 31.12 | 28.32 |
| NET Worth | 152.00 | 132.94 | 114.55 |
| Reserves and Surplus | 137.14 | 125.97 | 107.57 |
| Total Borrowing | 83.78 | 91.11 | 87.22 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 36.00 |
| 2 | General Corporate Purpose | 9.56 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 13.10% |
| ROCE | 17.63% |
| Debt/Equity | 0.55 |
| RoNW | 13.10% |
| PAT Margin | 4.64% |
| EBITDA Margin | 6.54% |
| Price to Book Value | 0.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.15 | 9.29 |
| P/E (x) | 9.13 | 11.94 |
| Promoter Holding | 95.99% | 69.63% |
| Market Cap | ₹219.78 Cr. |
The NIS Management IPO is subscribed 3.13 times on August 28, 2025 5:04:39 PM (Day 3). The public issue subscribed 1.10 times in the individual investors category, 2.12 times in the QIB category, and 9.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 2.12 | 10,08,000 | 21,33,600 | 0 |
| NII* | 9.15 | 7,74,000 | 70,78,800 | 0 |
| bNII (bids above ₹10L) | 12.89 | 5,16,000 | 66,49,200 | |
| sNII (bids below ₹10L) | 1.67 | 2,58,000 | 4,29,600 | |
| Individual Investors | 1.10 | 17,88,000 | 19,72,800 | 0 |
| Total | 3.13 | 35,70,000 | 1,11,85,200 | 1,528 |
Total Application : 1,528
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fee payable to BRLM | 0.40 |
| 2 | Underwriting Fees | 3.00 |
| 3 | Fees Payable to Registrar to the Offer | 0.01 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 3.41 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.11 |
| 6 | Fees payable to Statutory/ Peer Review Auditor (other professionals include Practicing Company Secretary appointed by the Company to provide their professional services.) | 0.13 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Escrow Bank Fees | 0.00 |
| 9 | Miscellaneous Expenses |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹111.00 |
| Open | ₹108.00 |
| Low | ₹102.60 |
| High | ₹108.00 |
| Last Trade | ₹102.60 |
Lead Manager Reports
NIS Management IPO is a SME IPO of 54,06,000 equity shares of the face value of ₹10 aggregating up to ₹60 Crores. The issue is priced at ₹111 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Aug 25, 2025, and closes on Thu, Aug 28, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in NIS Management IPO using UPI as a payment gateway. Zerodha customers can apply in NIS Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NIS Management IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NIS Management IPO opens on Mon, Aug 25, 2025 and closes on Thu, Aug 28, 2025.
NIS Management IPO lot size is 1200, and the minimum amount required for application is ₹2,66,400, with 2 lots being the minimum application size.
You can apply in NIS Management IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for NIS Management IPO will be done on Friday, August 29, 2025, and the allotted shares will be credited to your demat account by Mon, Sep 1, 2025. Check the NIS Management IPO allotment status.
The NIS Management IPO listing date is on Tue, Sep 2, 2025.
