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Nisus Finance IPO is a book build issue of ₹114.24 crores. The issue is a combination of fresh issue of 0.56 crore shares aggregating to ₹101.62 crores and offer for sale of 0.07 crore shares aggregating to ₹12.61 crores.
Nisus Finance IPO bidding started from Dec 4, 2024 and ended on Dec 6, 2024. The allotment for Nisus Finance IPO was finalized on Dec 9, 2024. The shares got listed on BSE SME on Dec 11, 2024.
Nisus Finance IPO price band is set at ₹180.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,36,000 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,88,000.
The issue includes a reservation of up to 24,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Nisus Finance IPO RHP for detailed Information.
| IPO Date | December 4, 2024 to December 6, 2024 |
| Listing Date | December 11, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹170 to ₹180 per share |
| Issue Price Final | ₹180 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 63,46,400 shares (aggregating up to ₹114.24 Cr) |
| Reserved for Market Maker | 3,51,200 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹6.32 Cr) |
| Fresh Issue (Ex Market Maker) | 52,94,400 shares (aggregating up to ₹95.30 Cr) |
| Offer for Sale | 7,00,800 shares of ₹10 (aggregating up to ₹12.61 Cr) |
| Net Offered to Public | 59,95,200 shares (aggregating up to ₹107.91 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,82,32,500 shares |
| Share Holding Post Issue | 2,38,78,100 shares |
Nisus Finance Services IPO offers total 63,46,400 shares. Out of which 29,84,000 (47.02%) allocated to QIB, 11,94,400 (18.82%) allocated to QIB, 8,96,000 (14.12%) allocated to NII, 20,91,200 (32.95%) allocated to RII and 17,89,600 (28.20%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,51,200 (5.53%) |
| QIB Shares Offered | 29,84,000 (47.02%) |
| − Anchor Investor Shares Offered | 17,89,600 (28.20%) |
| − QIB (Ex. Anchor) Shares Offered | 11,94,400 (18.82%) |
| NII (HNI) Shares Offered | 8,96,000 (14.12%) |
| Retail Shares Offered | 20,91,200 (32.95%) |
| Employee Shares Offered | 24,000 (0.38%) |
| Total Shares Offered | 63,46,400 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Nisus Finance IPO raises ₹32.21 crore from anchor investors. Nisus Finance IPO Anchor bid date is December 3, 2024. Nisus Finance IPO Anchor Investors list
| Bid Date | December 3, 2024 |
| Shares Offered | 17,89,600 |
| Anchor Portion Size (In Cr.) | 32.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 9, 2025 |
Nisus Finance IPO opens on December 4, 2024, and closes on December 6, 2024.
| IPO Open Date | Wed, Dec 4, 2024 |
| IPO Close Date | Fri, Dec 6, 2024 |
| Tentative Allotment | Mon, Dec 9, 2024 |
| Initiation of Refunds | Tue, Dec 10, 2024 |
| Credit of Shares to Demat | Tue, Dec 10, 2024 |
| Tentative Listing Date | Wed, Dec 11, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 6, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 2013, Nisus Finance Services Co Limited offers financial services such as Transaction Advisory Services, Fund and Asset Management, Private Equity and Venture Debt and Capital Solutions to Corporate Clients.
Nisus Finance Services has two business segments:
1. Transaction Advisory Services: assist and support the partners in transactions such as outright sales, joint ventures, joint development, capital structuring etc. The company helps businesses connect with private equity funds, risk capital providers, and financial institutions to support their growth. The company also offer advice on corporate real estate matters, helping to structure and finalize transactions efficiently.
2. Fund and Asset Management: includes providing growth capital, project financing, or special situation funding to developers, and asset management for Alternative Investment Funds focused on the real estate and infrastructure sector. As of date, we manage four schemes under the subsidiaries, step-down subsidiaries, and associate companies through SEBI, IFSC, and DIFC-registered AIFs, which include:
The company's main sources of revenue are fund management fees earned by the fund manager/advisor entities for managing AIF fund pools.
Assets Under Management (AUM): Approximately Rs 1,000 crore (FY2024) across real estate and urban infrastructure.
Office Network: Three offices, including two in India and one international, as of January 31, 2024.
Competitve Strengths:
As of January 31, 2024, the company employed 24 people in the Nisus Group (NiFCO).
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 | ||||
The market capitalization of Nisus Finance IPO is ₹429.81 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 109.83% |
| ROCE | 101.63% |
| Debt/Equity | 0.23 |
| RoNW | 73.09% |
| PAT Margin | 54.30% |
| Price to Book Value | 10.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.64 | 14.00 |
| P/E (x) | 14.24 | 12.86 |
The Net Proceeds will be utilized towards the following objectives:
[Dilip Davda] The company along with its subsidiaries and associate companies are actively engaged in primary two segments i.e. Transaction Advisory Services, Fund and Asset management. It posted robust performances in pre-IPO period/year, that raises some concerns. Based on FY25 annualized super earnings, the issue appears fully priced. The company enjoys niche place in the segment and may generate first mover fancy post listing. Investors may park funds for medium to long term. Read detail review...
| Listing Date | December 11, 2024 |
| BSE Script Code | 544296 |
| NSE Symbol | |
| ISIN | INE0DQN01013 |
| Final Issue Price | ₹180 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹225.00 |
| Low | ₹225.00 |
| High | ₹236.25 |
| Last Trade | ₹236.25 |
Nisus Finance Services Co.Ltd.
Unit No 502-A, Floor-5,
A-Wing, Poonam Chambers, Dr. Annie Besant Road,
Worli, Mumbai - 400018
Worli, Maharashtra
Phone: +91-22-6164 8888
Email: cs@nisusfin.com
Website: http://www.nisusfin.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Nisus Finance IPO is a SME IPO of 63,46,400 equity shares of the face value of ₹10 aggregating up to ₹114.24 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800.
The IPO opens on December 4, 2024, and closes on December 6, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Nisus Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Nisus Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nisus Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nisus Finance IPO opens on December 4, 2024 and closes on December 6, 2024.
Nisus Finance IPO lot size is 800, and the minimum amount required for application is ₹1,44,000.
You can apply in Nisus Finance 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 Nisus Finance IPO will be done on Monday, December 9, 2024, and the allotted shares will be credited to your demat account by Tuesday, December 10, 2024. Check the Nisus Finance IPO allotment status.
The Nisus Finance IPO listing date is on Wednesday, December 11, 2024.
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