Nisus Finance IPO to Open on 4th December: ₹114 Crore Target Explained

Founded in 2013, Nisus Finance Services Co Limited is set to launch its IPO on 4th December 2024. It offers financial services such as Transaction Advisory Services, Fund and Asset Management, Private Equity and Venture Debt, and Capital Solutions to 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.
• The minimum investment 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.

Investor Category Shares Offered

Utilization of IPO Proceeds

• The company will utilize the proceeds from the IPO to enhance fund setup and facility management services, obtain additional licenses, and improve fund management infrastructure in key financial hubs such as:
• IFSC-Gift City (Gandhinagar, India)
• FSC-Mauritius
• DIFC-Dubai (UAE)
• Nisus Finance also plans to invest in its subsidiary company, Nisus Fincorp, to boost its capital base.
• The remaining funds will be used for general corporate purposes and to cover fundraising costs and placement fees for domestic and international markets.