Nisus Finance Services Co Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 4, 2024 to December 6, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 170 to ₹ 180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 63,46,400 shares (aggregating up to ₹ 114.24 Cr) |
| Fresh Issue | 56,45,600 shares (aggregating up to ₹ 101.62 Cr) |
| Offer for Sale | 7,00,800 shares of ₹10 (aggregating up to ₹ 12.61 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 1,82,32,500 |
| Shareholding post issue | 2,38,78,100 |
| Market Maker portion | 3,51,200 shares Spread X Securities |
About Nisus Finance Services Co Limited IPO
Founded in 2013, Nisus Finance Services Co Limited has established itself as a prominent provider of specialized financial services. The company offers a broad range of services including Transaction Advisory Services, Fund and Asset Management, Private Equity and Venture Debt, and Capital Solutions, catering specifically to corporate clients.
Business Segments:
Transaction Advisory Services
Nisus Finance Services excels in Transaction Advisory Services, offering expert assistance and support to partners engaging in various transactions. These transactions encompass outright sales, joint ventures, joint development, and capital structuring. The company is instrumental in connecting businesses with private equity funds, risk capital providers, and financial institutions, thereby facilitating their growth. Moreover, Nisus provides insightful advice on corporate real estate matters, ensuring that transactions are structured and finalized with maximum efficiency and efficacy.
Fund and Asset Management
In the realm of Fund and Asset Management, Nisus Finance Services offers a variety of financial solutions including growth capital, project financing, and special situation funding tailored for developers. The company also manages assets for Alternative Investment Funds (AIFs) primarily focused on the real estate and infrastructure sectors. As of now, Nisus manages four distinct schemes through subsidiaries, step-down subsidiaries, and associate companies registered with SEBI, IFSC, and DIFC. These include:
- Real Estate Special Opportunities Fund – 1
- Real Estate Credit Opportunities Fund – 1
- Nisus High Yield Growth Fund – 1
- Nisus High Yield Growth Fund Closed-Ended
The company's principal revenue streams are derived from fund management fees, earned by fund manager/advisor entities for overseeing AIF fund pools. Notably, the Assets Under Management (AUM) stands at an impressive Rs 1,000 crore for FY2024, covering substantial investments in real estate and urban infrastructure.
Office Network
Nisus Finance Services operates three offices, with two located in India and one internationally. This strategic presence ensures they can effectively serve a diverse range of clients and maintain a robust global network, as of January 31, 2024.
Nisus Finance Services IPO Overview:
- IPO Type: Book Built Issue
- Total Issue Size: ₹114.24 crores
- Fresh Issue: 56.46 lakh shares (₹101.62 crores)
- Offer for Sale: 7.01 lakh shares (₹12.61 crores)
- Price Per Share: ₹170 to ₹180 per share
- Minimum Lot Size: 800 shares
- Issue Opening Date: December 4, 2024
- Issue Closing Date: December 6, 2024
- Book Running Lead Managers: Beeline Capital Advisors Pvt Ltd
- Registrar: Skyline Financial Services Pvt Ltd
- Market Maker: Spread X Securities
Nisus Finance Services IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Nisus Finance Services IPO Objectives:-
- The Net Proceeds will be utilized towards the following objectives:
- 1. Augmenting fund setup, additional licenses, facility management services and fund management infrastructure in IFSCGift City (Gandhinagar), DIFC-Dubai (UAE) and FSC-Mauritius.
- 2. Fundraising cost, distribution and placement fee to third-party distributors or agents in India and/or international markets for the creation of a pool of funds.
- 3. Investment in Associate Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), to augment the capital base.
- 4. General Corporate Purposes.
Nisus Finance Services Co Limited IPO Financial Information
Latest Revenue
1,500.53
₹ Crore
Profit After Tax
835.72
₹ Crore
Net Worth
3,876.66
₹ Crore
Total Borrowing
663.83
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 5,835.66 | 1,500.53 | 835.72 | 3,876.66 | 663.83 | ||||
| 31 Mar 2024 | 4,903.31 | 4,224.92 | 2,305.29 | 3,129.80 | 726.50 | ||||
| 31 Mar 2023 | 3,106.22 | 1,153.83 | 302.02 | 938.95 | 1,813.50 | ||||
| 31 Mar 2022 | 2,077.43 | 749.51 | 129.43 | 638.90 | 1,041.56 | ||||
| Amount in ₹ Crore | |||||||||
Nisus Finance Services Co Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 109.83% |
| ROCE | 101.63% |
| RoNW | 73.09% |
| Debt/Equity | 0.23 |
| P/BV | 10.48 |
| PAT Margin (%) | 54.3 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.64 | 14 |
| P/E (x) | 14.24 | 12.86 |
Frequently Asked Questions
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Competitive Strengths
A well-established, credible and customer-oriented NiFCO brand.
Diversified business model.
The ability to recognize emerging market trends in good time.
Strong management and distinctive employees and culture.
Prudent governance, risk management and internal control mechanisms.
Nisus Finance Services Co Limited IPO Timeline
| IPO Open Date | Wednesday, December 4, 2024 |
| IPO Close Date | Friday, December 6, 2024 |
| Basis of Allotment | Monday, December 9, 2024 |
| Initiation of Refunds | Tuesday, December 10, 2024 |
| Credit of Shares to Demat | Tuesday, December 10, 2024 |
| Listing Date | Wednesday, December 11, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 6, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1600 | ₹288,000 |