Nisus Finance Services IPO: Check price band, lot size, key dates and all you need to know

2 min read | Updated on November 29, 2024, 13:52 IST

SUMMARY

Nisus Finance Services IPO: The ₹114.24 crore initial share sale consists of new equity shares worth ₹101.62 crore and an offer-for-sale valued at ₹12.61 crore.

Nisus Finance Services and its subsidiaries are engaged in transaction advisory services and fund and asset management services.

Nisus Finance Services IPO date: The initial public offering of Nisus Finance Services will be open for public subscription from Wednesday, December 4, to Friday, December 6. The price band has been set at ₹170 to ₹180 per share.

The ₹114.24 crore issue consists of new equity shares worth ₹101.62 crore and an offer-for-sale valued at ₹12.61 crore.

The company will use the money generated to augment fund setup, facility management services, additional licenses, and fund management infrastructure in IFSC-Gift City (Gandhinagar), FSC-Mauritius, and DIFC-Dubai (UAE), augment Nisus Fincorp's capital base, and serve general corporate purposes.

The bidding for anchor investors will take place for a day on Tuesday, December 3.

Nisus Finance Services IPO: Lot size

The lot size for the BSE SME IPO is 800 shares, bringing the transaction size to ₹144,000. For high-net-worth individuals, the minimum investment is two lots worth ₹2,88,000.

The company has reserved half of the net issue for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

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Beeline Capital Advisors is the book-running lead manager for the issue, Skyline Financial Services is the registrar, and Spread X Securities is the market maker for the IPO.

Nisus Finance Services IPO: Allotment and listing date

Bidding period: December 4 to December 6
Allotment: December 9
Refund: December 10
Demat transfer: December 10
Listing on BSE SME: December 11

About the company

Nisus Finance Services and its subsidiaries are engaged in transaction advisory services and fund and asset management services.

The company operates under the 'Nisus Finance Group'/'NiFCO' brand with its subsidiaries and associates.

Nisus Finance Services offers transaction advisory services, while its subsidiaries and step-down subsidiaries—Nisus BCD Advisors LLP, Nisus Finance International Advisors IFSC LLP, Nisus Finance & Investment Managers LLP, Nisus Finance Investment Consultancy FZCO and associate firm Dalmia Nisus Finance Investment Managers LLP—provide real estate and urban infrastructure fund and asset management.

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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Nisus Finance Services IPO: Check price band, lot size, key dates and all you need to know

Nisus Finance Services IPO: Lot size

Nisus Finance Services IPO: Allotment and listing date

About the company

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