Nisus Finance Services IPO allotment: Steps to check share allocation status online on Skyline Financial Services, BSE

Nisus Finance Services IPO allotment status is expected to be finalised today, December 9. The investors are waiting for the company to complete the IPO share allocation process after the subscription closed on December 6.

The BSE SME issue opened for subscription on December 4.

Steps to check Nisus Finance Services IPO share allotment status on BSE website

• Open IPO allotment page of the BSE: https://www.bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the ‘Issue Type’
• Select the ‘Nisus Finance Services Co. Ltd’ from the dropdown menu for issue names.
• Enter Application Number or PAN (Permanent Account Number).
• Complete the captcha verification.
• Click the ‘Search’ button to see your allotment status.
• Share allotment status will be shown on screen

Here’s how to check Nisus Finance Services IPO share allotment on Skyline Financial Services

• Go to the IPO allotment status page on the official website of Skyline Financial Services at https://www.skylinerta.com/ipo.php
• Choose ‘Nisus Finance Services Ltd’ from the check application status dropdown menu
• Choose any of the options such as: DP ID/Client ID, Application Number or PAN
• Type in the details on the basis of your selection in the previous step
• Click Search to see the allotment status

Nisus Finance Services IPO subscription details, listing date and other key details

Nisus Finance Services IPO was subscribed 192.25 times on the final day of bidding. The IPO received bids for 80.9 crore shares compared to 42.05 lakh shares on offer.

The retail portion of the IPO was subscribed nearly 140 times while the Non-Institutional Investors’ (NII) category was booked 451.6 times. The IPO was subscribed 93.84 times in the Qualified Institutional Buyers’ (QIBs) category. The employees booked their category 90%.

After share allocation, the company will initiate refunds and transfer of shares to the Demant accounts on December 10. Shares of Nisus Finance Services Co. Ltd are tentatively scheduled to be listed on the BSE SME platform on December 11.

Nisus Finance Services IPO was a book-building issue worth ₹114.24 crore. The IPO was a combination of a fresh issue of 56.46 lakh shares amounting and an offer-for-sale (FOS) of 7.01 lakh shares.

Nisus Finance Services IPO price band was fixed at ₹170 to ₹180 per share. The minimum lot size for retail investors was of 800 shares, amounting to a minimum investment of ₹1,44,000.

About Nisus Finance Services Co. Ltd

Nisus Finance Services Co. Ltd, founded in 2013, offers financial services such as transaction advisor, and fund and asset management. The company also offers private equity, venture debt and capital solutions to corporate clients.

The company plans to use the money raised via the public issue for augmenting its fund setup, acquiring additional licenses. The proceeds will also be used for setting up facility management services and fund management infrastructure in IFSC Gift City (Gandhinagar), DIFC-Dubai (UAE), and FSC-Mauritius. A portion of the IPO proceeds will also be used for investments in its associate company, Nisus Fincorp Private Limited to augment its capital base. A portion of the proceeds will be used for funding general corporate purposes.