Nisus Finance Services Co Limited IPO SME Deatils, Open Date, Total Issue Size, Lot Size

The Nisus Finance Services IPO will open for subscription on December 4, 2024, and close on December 6, 2024. The Basis of Allotment will be finalized on December 9, 2024. A total of 6,346,400 shares, amounting to ₹114.24 crore, will be issued. The price band for the IPO is set between ₹170 and ₹180 per share.

The company’s shares are scheduled to list on December 11, 2024. Of the total issue, 17,89,600 shares (28.2%) are reserved for anchor investors, while Qualified Institutional Buyers (QIBs) are allocated 11,94,400 shares (18.82%).

Retail investors can apply for a minimum of one lot, which consists of 800 shares, requiring an investment of ₹144,000 at the upper price band.

The Nisus Finance Services IPO is managed by Beeline Capital Advisors Pvt Ltd, acting as the book-running lead manager. Skyline Financial Services Private Ltd serves as the registrar for the issue, while Spread X Securities is the designated market maker.

For comprehensive details, please refer to the Nisus Finance Services IPO Red Herring Prospectus (RHP).

Nisus Finance Services IPO Details

 

Nisus Finance Services IPO Lot Size

Investors interested in the Nisus Finance Services IPO can place bids starting with a minimum of 800 shares and in multiples of this lot size. The table below outlines the minimum and maximum investment limits for both retail investors and high-net-worth individuals (HNI), including the corresponding number of shares and amounts.

• Retail Investors: The minimum and maximum bid for retail investors is 1 lot, equating to 800 shares for an investment of ₹144,000.
• HNI Investors: High-net-worth individuals must apply for at least 2 lots, totaling 1,600 shares, with a minimum investment of ₹288,000.

Nisus Finance Services IPO Reservation Breakdown

Nisus Finance Services is offering a total of 63,46,400 shares in its IPO. The allocation is as follows:

• Qualified Institutional Buyers (QIBs): 11,94,400 shares (18.82%)
• Non-Institutional Investors (NIIs): 8,96,000 shares (14.12%)
• Retail Individual Investors (RIIs): 20,91,200 shares (32.95%)
• Employees: 24,000 shares (0.38%)
• Anchor Investors: 17,89,600 shares (28.20%)

Nisus Finance Services IPO – Promoter Holding

The promoters of Nisus Finance Services are Amit Anil Goenka and Mridula Amit Goenka.

• Pre-Issue Shareholding: 99.74%
• Post-Issue Shareholding: 73.22%

Nisus Finance Services IPO Anchor Investors Overview

Nisus Finance Services has successfully raised ₹32.21 crore through its anchor investors ahead of its IPO. The anchor bidding process took place on December 3, 2024, and a total of 1,789,600 shares were allocated to these investors.

The anchor investors’ portion accounts for ₹32.21 crore, and the shares are subject to a phased lock-in period. 50% of the allocated shares will remain locked until January 8, 2025 (30 days from the bid date), while the remaining 50% will be released on March 9, 2025 (90 days post-bid).

This strategic participation by anchor investors reflects strong institutional confidence in the IPO, laying a solid foundation for public subscription.

About Nisus Finance Services Co Limited

Founded in 2013, Nisus Finance Services Co Limited provides a wide range of financial solutions to corporate clients, including transaction advisory, fund and asset management, private equity, venture debt, and capital solutions.

Business Segments:

1. Transaction Advisory Services
   Nisus Finance supports clients in various strategic transactions, including outright sales, joint ventures, joint developments, and capital structuring. The company facilitates connections between businesses and private equity funds, risk capital providers, and financial institutions, helping clients secure funding for growth. Additionally, Nisus Finance offers expert advice on corporate real estate matters, assisting clients in structuring and executing transactions efficiently.

Fund and Asset Management
The company offers growth capital, project financing, and special situation funding to developers, along with asset management services for Alternative Investment Funds (AIFs) focused on real estate and infrastructure. Nisus Finance manages four schemes through SEBI, IFSC, and DIFC-registered AIFs, including:

• Real Estate Special Opportunities Fund – 1
• Real Estate Credit Opportunities Fund – 1
• Nisus High Yield Growth Fund – 1
• Nisus High Yield Growth Fund (Closed-Ended)

The company’s primary revenue comes from fund management fees generated by its fund manager and advisor entities for overseeing these AIF pools.

Assets Under Management (AUM)

As of FY2024, Nisus Finance manages approximately ₹1,000 crore in assets across real estate and urban infrastructure.

Office Network

The company operates from three offices: two in India and one international location, as of January 31, 2024.

Nisus Finance Services Co Limited: Restated Consolidated Financial Highlights

Nisus Finance Services Co Limited demonstrated significant financial growth between March 31, 2023, and March 31, 2024. During this period, revenue surged by 266.16%, while profit after tax (PAT) saw an impressive increase of 663.29%.

Key Financial Metrics (Amount in ₹ Lakhs)

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	5,835.66	4,903.31	3,106.22	2,077.43
Revenue	1,500.53	4,224.92	1,153.83	749.51
Profit After Tax	835.72	2,305.29	302.02	129.43
Net Worth	3,876.66	3,129.80	938.95	638.90
Reserves & Surplus	2,236.20	3,119.19	831.70	531.65
Total Borrowing	663.83	726.50	1,813.50	1,041.56

 

Objectives of the Issue

The net proceeds from the IPO will be allocated to support the following strategic objectives:

1. Expansion and Infrastructure Development:
   Strengthening the fund set up and acquiring additional licenses to support operations across key financial centers, including IFSC Gift City (Gandhinagar), DIFC Dubai (UAE), and FSC Mauritius. This also includes enhancing facility management services and upgrading fund management infrastructure.
2. Fundraising and Distribution Costs:
   Covering the costs associated with fundraising, including distribution and placement fees paid to third-party distributors or agents, both in India and in international markets, to facilitate the creation of a diversified pool of funds.
3. Investment in Nisus Fincorp Private Limited:
   Allocating capital to Nisus Fincorp Private Limited, a registered NBFC under RBI, to strengthen its capital base and support its growth initiatives.
4. General Corporate Purposes:
   Utilizing funds for general corporate activities to ensure operational flexibility and future growth opportunities.