Nisus Finance Services is launching an IPO worth ₹114.24 crores through a book-built issue. The IPO comprises a fresh issue of 56.46 lakh shares amounting to ₹101.62 crores and an offer for sale of 7.01 lakh shares aggregating ₹12.61 crores.
Nisus Finance Services IPO will open for subscription on 4th December 2024 and close on 6th December 2024. The allotment of shares is expected to be finalised on 9th December 2024, with the tentative listing date set for 11th December 2024 on the BSE SME platform.
The price band is fixed at ₹170 to ₹180 per share, with a minimum lot size of 800 shares. Retail investors require a minimum investment of ₹1,44,000, while high-net-worth individuals (HNIs) need ₹2,88,000 for two lots.
Beeline Capital Advisors Pvt Ltd is the lead manager, Skyline Financial Services Private Ltd serves as the registrar, and Spread X Securities acts as the market maker.
Industry Outlook
- AIF registrations grew by 22.9% from 885 in 2022 to 1,088 in 2023, reflecting rising investor demand across categories.
- As of March 2023, AIFs deployed 32.5% of total funds in real estate (20.1%), IT/ITes (6.3%), and financial services (6.1%).
Nisus Finance Services IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Augmenting fund setup, additional licenses, facility management services and fund management infrastructure in IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSC-Mauritius.
- Fund-raising costs, distribution, and placement fees to third-party distributors or agents in India and/or international markets to create a pool of funds.
- Investment in a subsidiary company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), for augmenting the capital base.
- General Corporate Purposes
About Nisus Finance Services Co Limited
Founded in 2013, Nisus Finance Services Co Limited is a prominent provider of financial solutions, specialising in Transaction Advisory Services, Fund and Asset Management, Private Equity, Venture Debt, and Capital Solutions for corporate clients.The company operates two key business segments:
- Transaction Advisory Services: Nisus facilitates outright sales, joint ventures, and capital structuring transactions. It connects businesses with private equity funds, risk capital providers, and financial institutions while offering corporate real estate advisory services to ensure efficient transaction execution.
- Fund and Asset Management: Focused on real estate and infrastructure, Nisus manages growth capital, project financing, and special situation funding through SEBI, IFSC, and DIFC-registered AIFs. The company oversees four funds, including Real Estate Special Opportunities Fund – 1 and Nisus High Yield Growth Fund.
With Assets Under Management (AUM) of approximately ₹1,000 crore (FY2024) and a network of three offices, Nisus continues to drive growth in the financial sector.
How To Check the Allotment Status of the Nisus Finance Services IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for Nisus Finance Services IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Nisus Finance Services IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Nisus Finance Services IPO
Registered office: Unit No 502-A, Floor-5, A-Wing, Poonam Chambers, Dr. Annie Besant Road, Worli, Mumbai, Maharashtra - 400018 India
Phone: : +91-22-6164 8888
E-mail: cs@nisusfin.com
Nisus Finance Services IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares Offered |
Not more than 50.00% of the Net offer |
|
Retail Shares Offered |
Not less than 35.00% of the Net Issue |
|
NII (HNI) Shares Offered |
Not less than 15.00% of the Net Issue |
Nisus Finance Services IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
800 |
₹1,44,000 |
|
Retail (Max) |
1 |
800 |
₹1,44,000 |
|
HNI (Min) |
2 |
1,600 |
₹2,88,000 |
Nisus Finance Services IPO Promoter Holding
The company's promoters are Mridula Amit Goenka and Amit Anil Goenka.
|
Share Holding Pre-Issue |
99.74% |
|
Share Holding Post Issue |
73.22% |
Key Performance Indicators for Nisus Finance Services IPO
As of June 30, 2024, the market capitalisation of Nisus Finance Services stands at ₹429.81 crore. Here are the KPIs of Nisus Finance Services as of June 30, 2024.
|
KPI |
Value |
|
ROE |
109.83% |
|
ROCE |
101.63% |
|
Debt/Equity |
0.23 |
|
RoNW |
73.09% |
|
P/BV |
10.48 |
|
PAT Margin (%) |
54.3 |
Nisus Finance Services IPO Prospectus
Nisus Finance Services IPO Registrar and Lead Managers
Nisus Finance Services IPO Lead Managers
Beeline Capital Advisors Pvt Ltd
Registrar for Nisus Finance Services IPO
Skyline Financial Services Private Ltd
- Contact Number: 02228511022
- Email Address: ipo@skylinerta.com
Website: Nisus Finance Services IPO Registrar
Financial Performance of Nisus Finance Services Co Limited
| Particulars | As of June 30, 2024 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 1,358.00 | 4,212.71 | 1,129.95 |
| Profit After Tax (PAT) (in ₹ lakh) | 830.92 | 2,287.49 | 300.05 |
| Total Borrowings (in ₹ lakh) | 663.83 | 726.50 | 1,813.50 |
| Net Worth (in ₹ lakh) | 3,876.66 | 3,129.80 | 938.95 |
| Return on Capital Employed (%) | 24.20% | 101.63% | 23.48% |
| Return on Equity (%) | 22.81% | 109.83% | 38.03% |
| Debt/ Equity (x) | 0.16 | 0.23 | 1.93 |
| Earning Per Share (EPS)-in absolute ₹ | 4.56 | 12.55 | 1.65 |
Know before investing
Strengths
15Diversified business model with ₹10 billion AUM (FY2024).
Expertise in real estate and urban infrastructure investments.
Strong client trust with partnerships across HNIs and institutions.
Advanced IT systems ensuring secure operations and growth.
96% AUM growth CAGR from FY2021 to FY2024.
Robust ESG integration supporting sustainable investment practices.
Cultivates enduring relationships, fostering strong, ongoing developer partnerships.
Offers continuous, innovative solutions, establishing lasting developer connections.
Combines strategies of amalgamation and joint ventures to drive growth.
Secured RBI approval for NBFC operations, expanding service offerings.
AUM grew from ₹1.32 billion to ₹10 billion from 2021 to 2024.
Utilises both traditional and digital marketing to maximise brand exposure.
Risks
15Legal disputes involve ₹200.48 lakhs, risking financial and reputational impact.
Top 10 customers contributed 56.14%-84.94% of revenue, increasing dependency.
SEBI regulations and RBI reforms may impact business operations.
₹125 lakhs of unsecured loans pose potential liquidity and repayment risks.
Real estate exposure at 20.1% raises vulnerability to sector downturns.
Insurance gaps may not cover material losses or liabilities.
Intense market competition may pressure pricing and profit margins.
Rapid growth challenges operational efficiency and internal controls management.
Adverse real estate sector trends may affect investment recoveries.
Delays or discrepancies in statutory compliance could incur penalties.
Regulatory changes, like RBI AIF Circular, may impact operations.
A volatile investment portfolio is exposed to financial market fluctuations.
Inadequate intellectual property protection may harm competitiveness significantly.
Short-term transaction advisory engagements create unpredictable revenue cycles.
Promoter ownership post-offer remains 73.22%, influencing shareholder decisions.
