1) Nisus Finance Services IPO size
The IPO is a combination of fresh equity sale of Rs 101 crore and an offer for sale (OFS) of 7 lakh shares.
2) Nisus Finance Services IPO price band
The company is offering its shares at Rs 170-180 apiece, and investors can bid for 800 shares in 1 lot.
3) Nisus Finance Services GMP
In the unlisted market, the company’s shares were trading with a GMP of Rs 50, indicating a premium of 28% over the issue price.
4) About Nisus Finance Services
Nisus Finance Services along with its subsidiaries and associate companies is actively engaged in primary two segments – transaction advisory services and fund and asset management.While the company is mainly into transaction advisory services, its subsidiaries Nisus BCD Advisors LLP, Nisus Finance and Investment Managers LLP, Nisus Finance International Advisors IFSC LLP, Nisus Finance Investment Consultancy FZCO and associate company Dalmia Nisus Finance Investment Managers LLP are engaged in real estate and urban infrastructure fund and asset management.
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5) Industry Overview
The investments made by the AIFs have been led by unlisted equity shares/equity linked instruments/LLP interest. The funds invested 41.4% of the total funds in unlisted equity shares/equity linked instruments/LLP interest followed by 27.9% in debt/securitized debt instruments. 19.6% was invested in listed equity (excluding listed/to be listed on SME exchange).
6) Nisus Finance Services financial performance
For the period ended June 2024, the company clocked total revenues of Rs 13.58 crore and net profit of Rs 8.3 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for augmenting fund setup, additional licenses, facility management services and fund management infrastructure in IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSCMauritius, fund raising cost, distribution and placement fee to third party distributors or agents in India and/or international markets for creation of pool of funds and general corporate purposes.
8) Lead managers and Registrar
Beeline Capital Advisors is acting as the lead manager to the issue and Skyline Financial Services is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the other 15% for non-institutional investors.
10) Important dates
The IPO opened on December 4 and will close on December 6. The final allotment will likely be made on December 9. The company’s shares will likely get listed on December 11.
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