Nisus Finance Services IPO

Nisus Finance Services IPO opens for subscription on December 4, 2024 and closes on December 6, 2024. The allotment for the Nisus Finance Services IPO is expected to be finalized on Monday, December 9, 2024. Nisus Finance Services IPO will list on BSE SME with tentative listing date fixed as Wednesday, December 11, 2024.

Nisus Finance Services IPO is a book built issue of Rs 114.24 crores. The issue is a combination of fresh issue of 56.46 lakh shares aggregating to Rs 101.62 crores and offer for sale of 7.01 lakh shares aggregating to Rs 12.61 crores.

Nisus Finance Services IPO price band is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.

Nisus Finance Services IPO Details

Nisus Finance Services IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Nisus Finance Services IPO Objectives

The Net Proceeds will be utilized towards the following objectives:

1. Augmenting fund setup, additional licenses, facility management services, and fund management infrastructure in IFSCGift City (Gandhinagar), DIFC-Dubai (UAE), and FSC-Mauritius.
2. Fund raising cost, distribution, and placement fee to third-party distributors or agents in India and/or international markets for the creation of a pool of funds.
3. Investment in Associate Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), to augment the capital base.
4. General Corporate Purposes.

About Nisus Finance Services Co 

Founded in 2013, Nisus Finance Services Co 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:

1. Real Estate Special Opportunities Fund – 1
2. Real Estate Credit Opportunities Fund – 1
3. Nisus High Yield Growth Fund – 1
4. Nisus High Yield Growth Fund Closed-Ended

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:

• A well-established, credible and customer-focused NiFCO brand.
• Diversified Business Model.
• Ability to identify emerging market trends on time.
• Strong Management and distinctive people and culture.
• Prudent governance, risk management, and internal control frameworks.

As of January 31, 2024, the company employed 24 people in the Nisus Group (NiFCO).

Nisus Finance Services Co Financial Information

Suraksha Diagnostic IPO Reservation

Nisus Finance Services IPO Timeline (Tentative Schedule)

Nisus Finance Services IPO opens on December 4, 2024, and closes on December 6, 2024.