Mumbai, (Maharashtra) [India], November 29, 2024: The initial public offering (IPO) of Nisus Finance Services Co Limited, a company engaged in Transaction Advisory Services and Fund and Asset Management services, opens for subscription on December 04, and closes on December 06, 2024. The company aims to raise ₹114.24croreand shares would be listed on the BSE SME platform.
The total issuance of 63,46,400 equity shares comprises of fresh issue size of 56,45,660 equity shares and an offer for sale of 7,00,800 shares. The price band has been fixed in a range of₹170 – ₹180per share.
Equity Share Allocation
- QIB Anchor Portion – Not more than 17,89,600 Equity Shares
- Qualified Institutional Buyers (QIB) – Not more than 11,94,400 Equity Shares
- Non-Institutional Investors (NII) – At least 8,96,000 Equity Shares
- Retail Individual Investors (RII) – At least 20,91,200 Equity Shares
- Market Maker – 3,51,200 Equity Shares
- Employees – 24,000 Equity Shares
The net proceeds from the Issue will be utilized 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 Associate Company Nisus Fincorp Private Limited to boost its capital base, and address general corporate purposes. The anchor book bidding will open on December 03, 2024.
Beeline Capital Advisors Private Limited is the Book Running Lead Manager to the Issue, while Skyline Financial Services Private Limited is designated as Registrar to the Issue.
Mr. Amit Anil Goenka, Chairman & Managing Director of Nisus Finance Services Co Limited expressed, “As we prepare for our IPO, this milestone marks a significant achievement for Nisus Finance, highlighting our progress and advancements in Transaction Advisory Services and Fund and Asset Management since our inception.
The upcoming IPO represents an exciting new chapter for our company. We believe going public will drive the company’s growth by enhancing operational capabilities, expanding market reach and strengthening our financial foundation. This step strengthens our commitment to delivering value and sets the stage for our long-term growth.”
About Nisus Finance Services Co Limited:
Nisus Finance Services Co Limited, promoted by Mr. Amit Anil Goenka and Mrs. 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.
Nisus Finance’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 ₹ 1012 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.
In FY24, the Company registered a Revenue of ₹ 4,212.71 Lakhs, EBITDA of ₹ 3,436.29 Lakhs, & PAT of ₹ 2,287.49 Lakhs.
During Q1 FY25, the Company clocked a revenue of ₹ 1,358.00 Lakhs, EBITDA of ₹ 1,054.09 Lakhs & PAT of ₹ 830.92 Lakhs.
