Nisus Finance Services IPO is a book-built issue with a total size of ₹114.24 crore. The offering comprises a fresh issue of 56.46 lakh equity shares, aggregating to ₹101.62 crore, and an offer for sale of 7.01 lakh shares, totaling ₹12.61 crore.
The subscription window for the Nisus Finance Services IPO opens on December 4, 2024, and closes on December 6, 2024. The allotment is expected to be finalized on Monday, December 9, 2024, with the shares scheduled to list on the BSE SME platform on Wednesday, December 11, 2024.
Nisus Finance Services operates in the financial services sector, specifically focusing on transaction advisory services, fund and asset management, private equity, and venture debt. They provide bespoke solutions for real estate advisory opportunities and urban infrastructure finance.
The IPO price band is set between ₹170 and ₹180 per share. Retail investors must apply for a minimum lot size of 800 shares, translating to an investment of ₹144,000 at the upper price limit. High Net Worth Individuals (HNIs) are required to apply for a minimum of 2 lots, or 1,600 shares, amounting to ₹288,000.
Beeline Capital Advisors Pvt Ltd serves as the book-running lead manager for this IPO, with Skyline Financial Services Private Ltd as the registrar. Spread X Securities is the market maker for the issue.
Nisus Finance Services IPO Details:
| Company Name | Nisus Finance Services Limited |
| Sector | Financial Services |
| IPO Type | SME |
| IPO Open date | 04th Dec 2024 |
| IPO Close date | 06th Dec 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Nisus Finance Services IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 800 | 1,44,000 |
| HNI (Min) | 2 | 1600 | 2,88,000 |
Nisus Finance Services IPO Timeline:
| IPO Open Date | 04th Dec 2024 |
| IPO Close Date | 06th Dec 2024 |
| Basis of Allotment | 09th Dec 2024 |
| Refund Initiation Date | 10th Dec 2024 |
| Shares Credit to Demat | 10th Dec 2024 |
| Listing Date | 11th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Nisus Finance Services’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Financial Services Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Nisus Finance Services and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
