Nisus Finance Services IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status
The Nisus Finance Services IPO is set to open on December 4, 2024, and will close on December 6, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹114.24 crores, comprising a fresh issue of ₹101.62 crores and an offer for sale of up to 700,800 equity shares, each with a face value of ₹10.
The price band for the IPO is set at ₹170 to ₹180 per share, with allocations as follows:
- Retail investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%.
The IPO will list on the BSE SME platform, with the listing date scheduled for December 11, 2024. The basis of allotment will be finalized on December 9, 2024.
Financial Highlights
The company’s revenue grew significantly, reporting ₹11.54 crores in FY23, compared to ₹7.50 crores in FY22. Profits increased from ₹1.30 crores in FY22 to ₹3.00 crores in FY23, demonstrating strong financial performance.
| Year | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2021 | 5.58 | 4.27 | 0.70 | 14.99 |
| 2022 | 7.50 | 5.53 | 1.30 | 20.76 |
| 2023 | 11.54 | 7.76 | 3.00 | 31.05 |
| Jan 2024 | 30.91 | 7.52 | 16.88 | 49.85 |
Key IPO Details
- IPO Open Date: December 4, 2024
- IPO Close Date: December 6, 2024
- Face Value: ₹10 per share
- Price Band: ₹170 to ₹180 per share
- Issue Size: ₹114.24 crores (₹101.62 crores as fresh issue, 700,800 shares as offer for sale)
- Listing: BSE SME
IPO Timeline
- Allotment Date: December 9, 2024
- Refunds Initiated: December 10, 2024
- Credit to Demat Accounts: December 10, 2024
- Listing Date: December 11, 2024
About Nisus Finance Services
Established on August 21, 2023, Nisus Finance Services (formerly Molior Realty Private Limited) offers Transaction Advisory Services and specializes in alternative investments, structured credit, and financial services. The company operates across four segments:
- Transaction Advisory Services
- Fund & Asset Management
- Stressed Assets Resolution
- Private Equity and Venture Debt
Known for its research-driven approach, the company has established strategic partnerships with asset owners, developers, investors, and funds globally.
Financial Ratios (FY2023)
- ROE: 38.08%
- ROCE: 23.48%
- EBITDA Margin: 46.61%
- PAT Margin: 26.54%
- Debt-to-Equity Ratio: 1.93
- EPS (Basic): ₹1.64
- NAV: ₹5.14
Promoters
The company is promoted by Amit Anil Goenka and Mridula Amit Goenka.
Market Lot
The minimum lot size is 800 shares, amounting to ₹144,000 for retail investors.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹144,000 |
| Retail Maximum | 1 | 800 | ₹144,000 |
| HNI Minimum | 2 | 1,600 | ₹288,000 |
Use of Funds
The IPO proceeds will be used for:
- Expanding fund setup and management infrastructure in IFSC Gift City (India), DIFC (Dubai), and FSC (Mauritius).
- Funding operational costs, distribution, and placement fees.
- Investing in associate company Nisus Fincorp Private Limited to strengthen its capital base.
- General corporate purposes.
Registrar
Skyline Financial Services Private Ltd
- Phone: 022-28511022
- Email: ipo@skylinerta.com
- Website: Skyline Financial Services
FAQs
- What is the Nisus Finance Services IPO?
It is an SME IPO with an issue size of ₹114.24 crores, priced at ₹170-₹180 per share. - When will the IPO open?
The IPO will open for subscription on December 4, 2024, and close on December 6, 2024. - Where will it list?
The shares will list on the BSE SME platform on December 11, 2024.
