Nisus Finance Services IPO booked over 3 times; check day 1 subscription, offer size, price band and key dates

Nisus Finance Services IPO saw decent demand on the first day of subscription on Wednesday, December 4. The BSE SME issue was booked 2.92 times driven by high retail demand.

The investors across categories applied for more than 1.32 crore shares against 45.56 lakh shares on offer.

The SME issue was booked 3.75 times in the retail category with bids for 78.52 lakh shares against 20.91 lakh shares on offer. The Non-Institutional Investors (NIIs) applied for over 19.89 lakh shares against 12.47 lakh shares set aside for them. The issue was booked 1.60 times by the NIIs. The Qualified Institutional Buyers (QIBs) applied for 34.46 lakh shares compared to 11.94 lakh shares reserved for them. The QIBs booked their quota 2.89 times.

The public issue was booked 10% by the employees of the company who placed bids for 2,400 shares compared to the 24,000 shares set aside for the category.

Nisus Finance Services IPO offer size, price band and minimum investment

Nisus Finance Services IPO is worth ₹114.24 crore. The book-building offer is a combination of fresh issuance of 56.46 lakh shares, amounting to ₹101.62 crore, and an offer-for-sale (OFS) portion of 7.01 lakh shares, aggregating to ₹12.61 crore. Nisus Finance Services IPO price band was fixed at ₹170 to ₹180 per share.

Retail investors interested in applying for the IPO can place bids for a single lot size of 800 shares, which aggregates to an investment of ₹1,44,000. On the other hand, High Net Worth Individuals (HNIs) can place bids for at least 2 lots, or 1,600 shares, aggregating to ₹2,88,000.

Nisus Finance Services IPO dates

Nisus Finance Services IPO subscription will close on Friday, December 6. Nisus Finance Services IPO share allotment status is likely to be finalised on Monday, December 9.

After the finalisation of the share allotment status, refunds will be initiated for unsuccessful bidders on Tuesday, December 10. Successful bidders will receive shares of the company in their Demat accounts on Tuesday as well. The company's shares will be listed on the BSE SME platform. The listing date for the IPO has been tentatively fixed as December 11.

Nisus Finance Services IPO Registrar

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

Nisus Finance Services: Promoters

The promoters of Nisus Finance Services are Amit Anil Goenka and Mridula Amit Goenka. The promoters of the company held a 99.74% stake in the company prior to the issue. After the issue, the stake of the promoters will reduce to 73.22%.

Nisus Finance Services key financials

Nisus Finance Services’ revenue for the June quarter of FY25 stood at ₹15 crore. The company posted a profit-after-tax of ₹8.35 crore in the June quarter. Nisus Finance Services’ net worth stood at ₹38.76 crore during the period under review.

Its revenue for FY24 grew by more than 266% to ₹42.24 crore from ₹11.53 crore in FY23. The company’s net profit for the fiscal ended March 31, 2024, stood at ₹23.05 crore, an increase of more than 663% compared to a net profit of ₹3.02 crore in the previous financial year. Its net worth increased over 233% to ₹31.29 crore from ₹9.38 crore in the preceding fiscal.

Nisus Finance Services IPO objective

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

A part of the proceeds will also be used to meet the fund-raising cost, distribution, and the payment of placement fees to third-party distributors or agents in India and international markets for the creation of a pool of funds. A portion of the funds will also be used for general corporate purposes.

About Nisus Finance Services Ltd

Nisus Finance Services Ltd 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. The company earns revenue in the form of the fund management fees it gets for managing AIF fund pools. The company has two offices in India and one international office.