Nisus Finance Services IPO will be open on December 4, 2024. Today, we will share with you 10 important things about the company’s issues as follows:
1. Nisus Finance Services IPO Open and closing date?
Nisus Finance Services IPO’s open date is December 4, 2024, and the closing date is December 6, 2024.
2. What is the size of the Nisus Finance Services IPO?
The company Nisus Finance Services decided to raise around ₹114.24 crores via IPO which comprises fresh issue of ₹101.62 crores and offer for sale up to 700,800 equity shares with face value of ₹10 each.
3. What are the subscription details of the Nisus Finance Services IPO?
The price band for the Nisus Finance Services IPO is ₹170 to ₹180 per share. In this IPO total of 800 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category, 800 shares in 1 lot size were available as well. Retail investors must make an investment of at least ₹144,000. While HNI Minimum total of 1600 shares was available in 2 lot sizes, the largest size for non-institutional investors must make an investment of at least ₹288,000.
4. What is the Nisus Finance Services IPO listing Date?
Nisus Finance Services is a BSE SME IPO whose shares will be listed on 11th December 2024 on the BSE (Bombay Stock Exchange).
5. What are the objectives of the Nisus Finance Services IPO Issue?
The Nisus Finance services IPO aims to augment fund setup, additional licenses, facility management services, and fund management infrastructure. Fundraising cost, distribution, and placement fee to third-party distributors or agents in India and/or international markets for the creation of a pool of funds. Investment in Associate Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), to augment the capital base. And use the funds for General Corporate Purposes.
6. About Nisus Finance Services
Nisus Finance Services (NiFCO) which was established on August 21, 2023, previously known as Molior Realty Private Limited offers Transaction Advisory Services. Their company, together with their subsidiaries and associates, is dedicated to four different segments: 1) Transaction Advisory Services 2) Fund & Asset Management 3) Stressed Assets Resolution, and 4)Private Equity and Venture Debt. Moreover, Nisus Finance Services believes in a research-driven approach, allowing them to stay ahead of various market trends.
7. Nisus Finance Services Financials
The company reported revenue of ₹11.54 crore in 2023 against ₹7.50 crore in 2022. The company reported Profit of ₹3.00 crores in 2023 against Profit of ₹1.30 crores in 2022.
8. Nisus Finance Services IPO Promoters
The company’s promoters are Amit Anil Goenka and Mridula Amit Goenka.
9. Nisus Finance Services IPO Risk factors
- Pros:
- Over time, Nisus Finance has built a great reputation in financial services, mainly in real estate and urban infrastructure financing.
- Their revenue increased by 266.16% and profit after tax (PAT) rose by 663.29% between the financial year ending with March 31, 2024 and March 31, 2023.
- They believe in having strong risk management operations where they deeply check and monitor systems and take strict compliance protocols to ensure quality.
- Cons:
- Even though the company has expanded internationally, most of its business is still focused in certain areas making the company at risk to changes in the local market conditions.
- They only rely on a few customers and investors for funds which can create a potential risk to their business and in their financial performance.
10. Who are the Nisus Finance Services IPO lead manager and registrar?
Beeline Capital Advisors Pvt Ltd is the lead manager of Nisus Finance Services while Skyline Financial Services Private Ltd is the registrar of the company.
