The Initial Public Offer (IPO) of Nisus Finance Services Co Limited received an overwhelming response from the investors as it recorded 192.27 times subscription until the final day of bidding. The Mumbai-headquartered financial services aimed to raise Rs. Rs 114.24 crore from the issue that was floated between December 04 and 06, 2024.
The Qualified Institutional Buyer (QIB) portion of the issue was subscribed 93.84 times, the NII quota was subscribed 451.21 times and the Retail Individual Investors (RII) quota was subscribed 139.74 times, and employee portion was subscribed 1.0 times bringing the overall subscription to 192.27 times until the final day of bidding on Friday, December 06, 2024.
The price band of the issue is fixed at Rs 170-180 per Equity Share with a face value of Rs. 10 apiece. The IPO comprised a fresh issue of 56.45 lakh Equity Shares with a face value of Rs. 10/- through the book-building route. The minimum lot size for the application is 800 Equity Shares. The company is proposed to be listed on BSE SME.
Beeline Capital Advisors Private Limited is the Book Running Lead Manager, and Skyline Financial Services Private Limited is the Registrar to the offer.
Nisus Finance Services intends to utilise net proceeds from the Issue to enhance fund setup, obtain additional licenses, and improve facility and fund management infrastructure in key financial hubs like IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius. It also plans to cover fundraising costs and placement fees for domestic and international markets, invest in its Subsidiary Company Nisus Fincorp Private Limited to boost its capital base, and address general corporate purposes.
Nisus Finance Services Co Limited, promoted by Amit Anil Goenka and Mridula Amit Goenka, specializes in real estate financing and capital markets, with over 15 years of experience. Operating under the "Nisus Finance Group" or "NiFCO" brand, the company focuses on Transaction Advisory Services and Fund & Asset Management.
The company’s network includes subsidiaries and associates like Nisus BCD Advisors LLP and Dalmia Nisus Finance Investment Managers LLP, managing Real Estate and Urban Infrastructure Fund and Asset Management operations. Additionally, Nisus Fincorp Private Limited functions as a Non-Banking Finance Company (NBFC) focused on financing.
With a decade-long presence in India and managing assets worth approximately ?1,012 Crore as of FY 2024, Nisus Finance leverages local market knowledge and proprietary data to deliver superior solutions. The company's strategic execution and industry insights underpin its reputation as a trusted partner in the financial sector.
