Nisus Finance Services IPO booked over 192 times on day 3, check subscription, allotment status and listing date

Nisus Finance Services Limited IPO subscription closed with a strong demand as the public offer was subscribed more than 177 times across investor categories on the last day of bidding on Friday.

The initial public offering (IPO) of Nisus Finance Services Limited was open for bidding from December 4 to December 6.

Investors placed bids for over 80.90 crore shares of Nisus Finance Services compared to 45.56 lakh shares offered for subscription.

The BSE SME IPO was subscribed 139.78 times in the retail category with applications for over 29.23 crore shares against the 20.91 lakh shares set aside for the category. The Non-Institutional Investors (NII) booked their quota 324.4 times with applications for 40.46 lakh shares compared to 12.47 lakh shares reserved for the category.

The IPO was booked 93.84 times by the Qualified Institutional Buyers(QIBs) with applications for 11.2 crore shares against 11.94 lakh shares set aside for them.

The employees of the company booked their reserved portion 90% with applications for 21,600 shares against 24,000 shares offered for subscription.

Nisus Finance Services IPO details

Nisus Finance Services IPO was worth ₹114.24 crore. The book-built issue consisted of a fresh issue of 56.46 lakh shares, amounting to ₹101.62 crore, and an offer-for-sale of 7.01 lakh shares, aggregating to ₹12.61 crore.

The IPO price band was fixed at ₹170 to ₹180 per share. The minimum lot size for the retail category was fixed at 800 shares, which aggregated to an investment of ₹1,44,000.

Nisus Finance Services IPO dates

Nisus Finance Services IPO share allotment status is likely to be finalised by Monday, December 9.

Once the allotment of shares is completed, refunds will be initiated for unsuccessful bidders on Tuesday, December 10 and successful bidders will receive shares of the company in their Demat accounts the same day as well. Shares of the company will be listed on the BSE SME platform on December 11.

Nisus Finance Services IPO Registrar

The book running lead manager for the public issue is Beeline Capital Advisors Pvt Ltd and the registrar for the issue is Skyline Financial Services Private Ltd. The market maker for the issue is Spread X Securities.

Nisus Finance Services IPO objective

The company plans to use the money raised via the public issue for augmenting its fund setup, acquiring additional licenses, facility management services, and setting up fund management infrastructure in IFSC Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSC-Mauritius.

The IPO proceeds will also be used for funding the distribution and paying a placement fee to third-party distributors or agents in India and international markets for the creation of a pool of funds. The company will also invest a portion of the proceeds in its associate company Nisus Fincorp Private Limited.

About Nisus Finance Services Limited

Nisus Finance Services Limited was founded in 2013. The company offers services such as Transaction Advisory Services, Fund and Asset Management, Private Equity and Venture Debt and capital solutions for corporate clients.