Nisus Finance Services IPO Details: ₹114.24 Crore Issue, Key Dates, and Listing Info

Nisus Finance Services Co Limited has launched its Initial Public Offering (IPO) worth ₹114.24 crores. The issue comprises a fresh issue of 56.46 lakh shares worth ₹101.62 crores and an offer for sale of 7.01 lakh shares aggregating to ₹12.61 crores.

The IPO bidding opened on December 4, 2024, and will close on December 6, 2024. With a price band of ₹170 to ₹180 per share, investors can apply in lots of 800 shares, requiring a minimum investment of ₹1,44,000 for retail investors.

Here’s a detailed breakdown of the IPO:

Important Dates to Remember

Here’s the IPO timeline, from subscription to listing:

Lot Size and Investment Details

Investors can bid for shares in lots of 800 shares, with the following investment requirements:

Reservation Details

The IPO allocates shares across various investor categories:

Anchor Investor Details

Nisus Finance Services raised ₹32.21 crore from anchor investors on December 3, 2024, offering 17,89,600 shares. Anchor investors face a lock-in period as follows:

Company Overview of Nisus Finance Services Co. Limited

Nisus Finance Services Co. Limited (NiFCO), founded in 2013, is a financial services firm offering transaction advisory, private equity, venture debt, and fund management services. The company operates primarily in India, with a presence in international markets.

Key Business Segments:

1. Transaction Advisory Services: Providing strategic advice on sales, joint ventures, and capital structuring, connecting businesses with financial institutions and investors.
2. Fund and Asset Management: Managing alternative investment funds (AIFs) in real estate and infrastructure sectors, with an AUM of ₹1,000 crore as of FY2024.

Revenue Sources:

Nisus earns primarily from fund management fees and investment advisory services.

Competitive Strengths:

• Established brand and diversified business model.
• Strong management team with expertise in real estate and infrastructure sectors.
• Significant market insight and robust internal controls.

Financial Performance Overview (Restated Consolidated Figures)

The company’s financials for the past few years have shown significant growth, both in revenue and profit after tax (PAT). Here’s a snapshot of its financial performance:

• Revenue Growth: In FY2024, Nisus Finance Services saw a 266.16% increase in revenue.
• Profit Growth: The company’s profit after tax (PAT) rose by a remarkable 663.29% between FY2023 and FY2024.

Objects of the Issue

1. Augmenting Fund Setup: Establishing infrastructure at international locations like DIFC-Dubai and FSC-Mauritius.
2. Investment in Nisus Fincorp: Strengthening the capital base of its NBFC subsidiary.
3. General Corporate Purposes: Including fund distribution and placement costs.