Bookbuilding IPO | ₹114 Cr | Listed at BSE SME | Wed, Dec 4, 2024 - Fri, Dec 6, 2024
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 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,44,000 (800 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Dec 4, 2024
IPO Close
Fri, Dec 6, 2024
Issue Price
₹180 per share
Market Cap (Pre-IPO)
₹429.81 Cr
| IPO Date | 4 to 6 Dec, 2024 |
| Listed on | Wed, Dec 11, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹180 |
| Issue Price | ₹180 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 63,46,400 shares (agg. up to ₹114 Cr) |
| Reserved for Market Maker | 3,51,200 shares Spread X Securities Pvt.Ltd. (agg. up to ₹6 Cr) |
| Fresh Issue (Ex Market Maker) | 52,94,400 shares (agg. up to ₹95 Cr) |
| Offer for Sale | 7,00,800 shares of ₹10 (agg. up to ₹13 Cr) |
| Net Offered to Public | 59,95,200 shares (agg. up to ₹108 Cr) |
| Share Holding Pre Issue | 1,82,32,500 shares |
| Share Holding Post Issue | 2,38,78,100 shares |
| BSE Script Code | 544296 |
| ISIN | INE0DQN01013 |
Nisus Finance IPO comprises a total issue size of 63,46,400 shares. The net offer to the public is 59,71,200 shares, after excluding 3,51,200 shares allotted on a firm basis and 24,000 shares under a preferential allotment. Of the Net offer 29,84,000 (49.97%) are allocated to QIB, 8,96,000 (15.01%) allocated to NII 20,91,200 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 29,84,000 | 49.97% | 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 | 15.01% | 14.12% |
| Retail Shares Offered | 20,91,200 | 35.02% | 32.95% |
| Preferential Reservations | |||
| Employee Shares Offered | 24,000 | 0.38% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,51,200 | 5.53% | |
| Total Shares Offered | 63,46,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 |
Nisus Finance IPO raises ₹32.21 crore from anchor investors. Nisus Finance IPO Anchor bid date is December 3, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Dec 3, 2024 |
| Shares Offered | 17,89,600 |
| Anchor Portion (₹ Cr.) | 32.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 9, 2025 |
| 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 |
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).
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 58.36 | 49.03 | 31.06 | 20.77 |
| Total Income | 15.01 | 42.25 | 11.54 | 7.50 |
| Profit After Tax | 8.36 | 23.05 | 3.02 | 1.29 |
| NET Worth | 38.77 | 31.30 | 9.39 | 6.39 |
| Reserves and Surplus | 22.36 | 31.19 | 8.32 | 5.32 |
| Total Borrowing | 6.64 | 7.27 | 18.14 | 10.42 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting fund setup, additional licenses, facility management services and fund management infrastructure in IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSC-Mauritius. | 12.46 |
| 2 | Fund raising cost, distribution and placement fee to third party distributors or agents in India and/or international markets for creation of pool of funds | 35.91 |
| 3 | Investment in Subsidiary Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), for augmenting the capital base | 25.00 |
| 4 | General Corporate Purposes | 22.26 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 12.64 | 14.00 |
| P/E (x) | 14.24 | 12.86 |
| Promoter Holding | 99.74% | 73.22% |
| Market Cap | ₹429.81 Cr. |
The Nisus Finance Services IPO is subscribed 192.29 times on December 6, 2024 6:19:07 PM (Day 3). The public issue subscribed 139.78 times in the retail category, 93.84 times in the QIB category, and 451.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 93.84 | 11,94,400 | 11,20,84,000 | 89 |
| NII* | 451.21 | 8,96,000 | 40,42,84,000 | 35,126 |
| Retail | 139.78 | 20,91,200 | 29,23,11,200 | 3,65,443 |
| Employee | 0.9 | 24,000 | 21,600 | 0 |
| Total | 192.29 | 42,05,600 | 80,87,00,800 | 4,58,967 |
Total Application : 4,58,967
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 1.92 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.20 |
| 6 | Fees Payable to Peer Review Auditor | 0.06 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 8 | Others (Fees payable for marketing & distributing expenses, underwriting fees and miscellaneous expenses.) | 4.03 |
| 9 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDP | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹225.00 |
| Low | ₹225.00 |
| High | ₹236.25 |
| Last Trade | ₹236.25 |
Lead Manager Reports
Nisus Finance IPO is a SME IPO of 63,46,400 equity shares of the face value of ₹10 aggregating up to ₹114 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800.
The IPO opens on Wed, Dec 4, 2024, and closes on Fri, Dec 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 Wed, Dec 4, 2024 and closes on Fri, Dec 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 Tue, Dec 10, 2024. Check the Nisus Finance IPO allotment status.
The Nisus Finance IPO listing date is on Wed, Dec 11, 2024.
