Nisus Finance Services IPO
Nisus Finance Services Co Ltd
₹1,36,000 /800 sharesMinimum Investment
Nisus Finance Services IPO Listing Details
Listed On | Issue Price | Listing Price | Listing Gains |
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-- | ₹180.00 | ₹225.00 | ₹45.00 (25.00%) |
Nisus Finance Services IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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4 Dec ‘24 - 6 Dec ‘24 | ₹1,36,000 | 800 | ₹170 - ₹180 |
Issue Size | IPO Doc |
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114.24Cr | |
Qualified Institutional Buyers | 93.84x |
Non-Institutional Investor | 322.99x |
Retail Individual Investor | 128.58x |
Total | 172.01x |
Nisus Finance Services and its subsidiary and associate companies operate primarily in two key areas: transaction advisory services and fund and asset management. The company focuses predominantly on transaction advisory services. Following its success in this segment, it decided to expand into fund and asset management.
The company’s subsidiaries and step-down subsidiaries—Nisus BCD Advisors LLP, Nisus Finance & Investment Managers LLP, Nisus Finance International Advisors IFSC LLP, and Nisus Finance Investment Consultancy FZCO—along with its associate, Dalmia Nisus Finance Investment Managers LLP, are engaged in real estate and urban infrastructure fund and asset management.
Another associate, Nisus Fincorp Private Limited, is a non-banking financial company (NBFC) primarily engaged in financing activities.;
Managing director
Mr. Amit Anil Goenka
Parent organisation
Nisus Finance Services Co Ltd
Strengths & Financials of Nisus Finance Services
The company claims that the transaction advisory division collaborates closely with developer partners to develop solutions that support the long-term business objectives of its advisory clients.
The fund and asset management segment uses a research-oriented approach that leverages emerging market trends. This strategy has enabled Nisus Finance Services to establish and maintain relationships with asset owners, developers, operators, investors, funds, both domestic and international limited partners (LPs), buyers, financial institutions, family offices, intermediaries, consultants, industry associations, mass media, and end-user forums.
Nisus Finance Services claims to have a strong asset portfolio in India that provides critical, real-time, proprietary market data. This data enables the firm to quickly identify and capitalise on market conditions and trends. The extensive network of Nisus Finance Services also helps attract a larger customer base.
Nisus Finance Services also states that the company prioritises investment opportunities that have clear exit strategies. The firm actively manages assets to speed up project delivery and boost overall investment performance.
Committed to exemplary corporate governance standards, Nisus Finance Services claims to have formed strategic alliances with leading entities in legal, tax, accounting, auditing, rating, custody, trusteeship, banking, and related services. These partnerships are crucial for upholding high governance standards for the benefit of all stakeholders.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 5.42 crore in FY21 to Rs 7.24 crore in FY22 to Rs 11.30 crore in FY23, while PAT increased from Rs 0.71 crore in FY21 to Rs 1.31 crore in FY22 to Rs 3.02 crore in FY23.
The company, its promoters, directors, and subsidiaries are involved in certain legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The company relies on a select group of key customers and investors for a substantial portion of its revenue through funds managed by its subsidiaries. The top 10 customers, excluding interest income on investments and short-term capital gains, contributed 82.35%, 53.96%, 84.94%, and 78.96% to revenue from operations in the period ending January 31, 2024, and FY23, FY22, and FY21 respectively. Any exposure to liquidity risks because of such high dependency on a few clients can adversely affect the company’s financial stability and business operations.
A significant portion of the company's fund investments is concentrated in the real estate sector. Any downturn in this sector could negatively affect the company's ability to recover the value of its collateral or fully recoup principal and interest in cases of default.
If the investments made by the funds under Nisus Finance Services’ advisory or management perform poorly, the company may face a decline in revenue and earnings, which could also impact its ability to raise capital for future funds.
Nisus Finance Services relies on the goodwill and reputation of the "Nisus" brand name. Any adverse changes in group control or any factors that negatively impact the brand's reputation could harm the company’s overall business performance and financial standing.
Nisus Finance Services Financials
*All values are in Rs. Cr
Application Details of Nisus Finance Services IPO
Apply as | Price band | Apply Range |
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Regular | ₹170 - 180 | ₹2 - 5 Lakh |
High Networth Individual | ₹170 - 180 | ₹2 - 5 Lakh |
For Nisus Finance Services IPO, eligible investors can apply as Regular.