1) Size of Nisus Finance Services IPO
The IPO raised Rs. 101 crore is a combination of new equity sale and offer for sale (OFS) of 7 lakh shares.
2) Nisus Finance Services IPO Price Band
The company sold its shares at Rs. 170-180 and investors can bid for 800 shares in 1 lot.
3) Nisus Finance Services GMP
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In the unlisted market, the company’s shares traded at Rs. were trading at a GMP of 50, representing a premium of 28% over the issue price.
4) About Nisus Finance Services
Nisus Finance Services along with its subsidiaries and associate companies is actively engaged in primary two segments – Transaction Advisory Services and Fund & Asset Management.
While the company is primarily into transaction advisory services, its subsidiaries include Nisus BCD Advisors LLP, Nisus Finance and Investment Managers LLP, Nisus Finance International Advisers IFSC LLP, Nisus Finance Investment Consultancy FZCO and associate company Dalmia Nisus Finance Investment Managers LLP. and urban infrastructure funds and asset management.
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5) Industry overview
Investments made by AIFs are led by unlisted equity shares/equity linked instruments/LLP interest. Funds have invested 41.4% of the total fund in unlisted equity shares/equity linked instruments/LLP interest followed by 27.9% in debt/securitized debt instruments. 19.6% was invested in listed equities (other than listed/listed on SME Exchange).
6) Nisus Finance Services financial operations
For the period ended June 2024, the company has made Rs. 13.58 crore gross revenue and Rs. 8.3 crore net profit was made.
7) Items of Offer
The net proceeds from the public offering will be used for fund setup, additional licenses, facility management services and fund management infrastructure, fund raising expenses, distribution and placement in IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSCMauritius. Fees for pooling and generalizing funds to third party distributors or agents in India and/or international markets for corporate purposes.
8) Lead Manager and Registrar
Beeline Capital Advisors is acting as the lead manager of the issue and Skyline Financial Services is the registrar.
9) Structure of the issue
About 50% of the offering is reserved for QIB investors, 35% for retail investors and another 15% for non-institutional investors.
10) Important dates
The IPO opened on December 4 and will close on December 6. The final allotment will be done on December 9. The shares of the company are likely to be listed on December 11.
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