Nisus Finance IPO Day 3: Subscription Rates and Key Investor Trends
Founded in 2013, Nisus Finance Services Co Limited is a leading provider of financial solutions specializing in two core business segments.
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The Transaction Advisory Services segment facilitates outright sales, joint ventures, and capital structuring transactions.
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Additionally, the Fund and Asset Management segment focuses on real estate and infrastructure, managing growth capital, project financing, and special situation funding through SEBI, IFSC, and DIFC-registered Alternative Investment Funds (AIFs).
Nisus Finance IPO Details
- Nisus Finance Services' IPO is scheduled to take place from December 4th to 6th, 2024.
- The IPO includes a fresh issue of 5,645,600 equity shares worth ₹101.62 crores and an offer for sale of up to 700,800 equity shares amounting to ₹12.61 crores, bringing the total IPO size to ₹114.24 crores.
- The price band for the IPO has been set at ₹170-₹180 per share, with a lot size of 800 shares. Retail investors must make a minimum investment of ₹144,000, while the minimum for High Net-worth Individuals (HNIs) is ₹288,000.
- The IPO will be listed on the BSE SME platform. The basis of allotment will be finalized on Monday, December 9, 2024, and the listing of the shares is planned for December 11, 2024.
Nisus Finance Services IPO Day 3 Subscription Status
(December 6, 2024, 11:43:00 AM)
On the third day of bidding, the Nisus Finance IPO achieved a subscription rate of 27.99 times the total shares on offer.
- The Non-Institutional Investors (NIIs) showed significant interest, subscribing 39.79 times their designated quota.
- The Retail Investors segment also garnered exceptional participation, with subscriptions soaring to 37.28 times their allocation.
- Meanwhile, the Qualified Institutional Buyers (QIBs) recorded a subscription level of 3.41 times.
- Employees subscribed to 0.73 times their allocated shares.
Nisus Finance Services IPO Day 2 Subscription Status
(December 5, 2024, End of Day)
- Overall Subscription: 20.30 times.
- Qualified Institutions (QIBs): 3.41 times.
- Non-Institutional Investors (NIIs): 22.88 times.
- Retail Individual Investors (RIIs): 29.07 times.
- Employee Reserved: 0.73 times.
Utilization of IPO Proceeds
The IPO proceeds will be allocated to the following strategic initiatives:
- Expansion of Capabilities: Focus on enhancing fund setup and facility management capabilities, as well as acquiring new licenses.
- Infrastructure Upgrades: Upgrade fund management infrastructure in key financial hubs, including IFSC-Gift City in Gandhinagar, FSC in Mauritius, and DIFC in Dubai.
- Investment in Subsidiary: Strengthen the capital base of Nisus Fincorp, the company's subsidiary.
- General Corporate Purposes: Allocate funds for general corporate requirements.
- Fundraising and Placement Costs: Cover expenses related to fundraising and placements in 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%.
Key Ratios
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Years |
FY23 |
FY24 |
|
ROE |
38.03% |
109.83% |
|
ROCE |
23.48% |
101.63% |
|
EBITDA Margin |
46.61% |
81.57% |
|
PAT Margin |
26.55% |
54.30% |
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.