Nisus Finance IPO Day 2: Subscription Rates and Key Investor Trends
Founded in 2013, Nisus Finance offers a variety of financial services, including Transaction Advisory, Fund and Asset Management, Private Equity, Venture Debt, and Capital Solutions for corporate clients.
Nisus Finance IPO Details
- Nisus Finance Services' initial public offering (IPO) will be held from December 4th to 6th, 2024.
- The IPO comprises a fresh issue of 5,645,600 equity shares, amounting to Rs 101.62 crores, and an offer for sale of up to 700,800 equity shares, amounting to 12.61 crores. The size of the IPO is Rs 114.24 crore.
- The price band for the IPO has been set at Rs 170-180 per share. The lot size is 800 shares.
- The minimum investment for retail investors is Rs 144,000, and for HNIs is Rs 288,000.
- IPO will be listed on the BSE SME platform.
- Basis of allotment on Monday, December 9, 2024.
- The IPO listing is scheduled for 11 December 2024.
IPO Subscription Status (as of 5 December 2024, 12:31 PM)
-
Overall Subscription: 9.20 times.
-
Qualified Institutions (QIBs): 2.89 times.
-
Non-Institutional Investors (NIIs): 7.43 times.
-
Retail Individual Investors (RIIs): 13.68 times.
-
Employee Reserved: 0.13 times.
Subscription Status of Day 1:
- The IPO has been subscribed 3.16 times overall.
- Retail Individual Investors (RII): Subscribed 3.75 times.
- Non-Institutional Investors (NII): Subscribed 2.22 times.
- Qualified Institutional Buyers (QIB): Subscribed 2.89 times.
Investor Category Shares Offered
|
Investor Category |
Size (%) |
|
Anchor Investor |
28.20% |
|
Market Maker |
5.53% |
|
QIB |
18.82% |
|
NII |
14.12% |
|
Retail |
32.95% |
|
Employee |
0.38% |
Nisus Finance Services Overview:
- Founded in 2013, Nisus Finance Services Co Limited is a prominent provider of financial solutions.6 The company operates two key business segments:
- Transaction Advisory Services: Nisus facilitates outright sales, joint ventures, and capital structuring transactions.
- Fund and Asset Management: Focused on real estate and infrastructure, Nisus manages growth capital, project financing, and special situation funding through SEBI, IFSC, and DIFC-registered AIFs.
Utilization of IPO Proceeds
The IPO proceeds will be allocated to several strategic initiatives. A key focus will be on expanding fund setup and facility management capabilities, along with acquiring new licenses. The company aims to upgrade its fund management infrastructure in prominent financial hubs such as IFSC-Gift City in Gandhinagar, FSC in Mauritius, and DIFC in Dubai.
In addition, a portion of the funds will be invested in Nisus Fincorp, its subsidiary, to strengthen its capital base. The remaining proceeds will be utilized for general corporate purposes, as well as to cover fundraising and placement expenses in both domestic and international markets.
Nisus Finance Financial Highlights:
- The company had assets under management (AUM) worth approximately Rs 1,012 crore as of FY 2024.
- For the financial year ending March 31, 2023, Nisus Finance Services Co Limited reported a revenue of ₹1,129.95 lakhs. By the end of March 31, 2024, the company had a revenue of ₹4,212.71 lakhs, marking a growth of 272.82%.
- In terms of profitability, the Profit After Tax (PAT) for the year ending March 31, 2023, stood at ₹300.05 lakhs. Profit rose to ₹2,287.49 lakhs for the year ending March 31, 2024, reflecting an increase of 662.36%.
Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.