Nisus Finance Services Co Limited is mainly engaged in the business of Transaction Advisory services, while their subsidiaries, stepdown subsidiaries, namely Nisus BCD Advisors LLP, Nisus Finance & Investment Managers LLP, Nisus Finance International Advisors IFSC LLP, Nisus Finance Investment Consultancy FZCO and associate company namely Dalmia Nisus Finance Investment Managers LLP which are engaged in Real Estate and Urban Infrastructure Fund and Asset Management. 

Nisus Finance Services Co, an Book Built Issue amounting to ₹114.23 Crores, consisting an Fresh Issue of 56.45 Lakh Shares worth ₹101.62 Crores and an Offer for Sale of 7.00 Lakh Shares totalling to ₹12.61 Crores. The subscription period for the Nisus Finance Services Co IPO opens on December 04, 2024, and closes on December 06, 2024. The allotment is expected to be finalized on or about Monday, December 09, 2024, and the shares will be listed on the BSE SME with a tentative listing date set on or about Wednesday, December 11, 2024.

The Share price band of Nisus Finance Services Co IPO is set at ₹170 to ₹180 per equity share. The Market Capitalisation of the Nisus Finance Services Co Limited at IPO price of ₹180 per equity share will be ₹429.80 Crores. The lot size of the IPO is 800 shares. Retail investors are required to invest a minimum of ₹1,44,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,600 shares), amounting to ₹2,88,000.

BEELINE CAPITAL ADVISORS PRIVATE LIMITED is the book-running lead manager while SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the Issue. Spread X Securities Private Limited is the Market Maker for Nisus Finance Services Co IPO.

Nisus Finance Services Co Limited IPO GMP Today
The Grey Market Premium of Nisus Finance Services Co Limited IPO is expected to be ₹59 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Nisus Finance Services Co Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
06 December 2024	₹ 180	₹ 239	₹ 59 (33.05%)	07:00 PM; 06 Dec 2024
04 December 2024	₹ 180	₹ 220	₹ 40 (22.41%)	05:00 PM; 04 Dec 2024
03 December 2024	₹ 180	₹ 180	₹ 0 (0%)	06:00 PM; 03 Dec 2024
02 December 2024	₹ 180	₹ 180	₹ 0 (0%)	06:00 PM; 02 Dec 2024

Nisus Finance Services Co Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 06 December 2024, the Nisus Finance Services IPO live subscription status shows that the IPO subscribed 177.55 times on its Final day of subscription period. Check the Nisus Finance Services IPO Live Subscription Status Today at BSE.

Nisus Finance Services Co IPO Anchor Investors Report
Nisus Finance Services Co has raised ₹32.21 Crores from Anchor Investors at a price of ₹180 per shares in consultation of the Book Running Lead Managers. The company allocated 17,89,600 equity shares to the Anchor Investors. Check Full List of Nisus Finance Services Co Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Nisus Finance Services Co Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Nisus Finance Services Co IPO allotment date is 09 December, 2024, Monday. Nisus Finance Services Co IPO Allotment will be out on 9th December 2024 and will be live on Registrar Website from the allotment date. Check Nisus Finance Services Co IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Nisus Finance Services Co Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Nisus Finance Services Co Limited IPO
Nisus Finance Services Co Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1,246.45 Lakhs is required for Augmenting fund setup, additional licenses, facility management services and fund management infrastructure in IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSC-Mauritius.
2. ₹3,590.58 Lakhs is required for Fund raising cost, distribution and placement fee to third party distributors or agents in India and/or international markets for creation of pool of funds.
3. ₹2,500.00 Lakhs is required for Investment in Subsidiary Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), for augmenting the capital base.
4. General Corporate Purposes

Refer to Nisus Finance Services Co Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About Nisus Finance Services Co Limited

Nisus Finance Services Co Limited is mainly engaged in the business of Transaction Advisory services, while their subsidiaries, stepdown subsidiaries, namely Nisus BCD Advisors LLP, Nisus Finance & Investment Managers LLP, Nisus Finance International Advisors IFSC LLP, Nisus Finance Investment Consultancy FZCO and associate company namely Dalmia Nisus Finance Investment Managers LLP which are engaged in Real Estate and Urban Infrastructure Fund and Asset Management. The other subsidiary i.e. Nisus Fincorp Private Limited, an NBFC company is having main object of financing. They have recently invested in an entity named Microsafe Projects LLP as an Associate of the company which is engaged in the business of acquiring residential properties constructed and/or under construction.

As of June 30, 2024, the Company have 34 employees in their Nisus Group (NiFCO). The Banker of Nisus Finance Services Co is HDFC Bank Limited.

AIF INDUSTRY
Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors. AIF does not include funds covered under the SEBI (Mutual Funds) Regulations, 1996, SEBI (Collective Investment Schemes) Regulations, 1999 or any other regulations of the Board to regulate fund management activities. Further, certain exemptions from registration are provided under the AIF Regulations to family trusts set up for the benefit of 'relatives’ as defined under Companies Act, 1956, employee welfare trusts or gratuity trusts set up for the benefit of employees, 'holding companies’ within the meaning of Section 4 of the Companies Act, 1956 etc.

REAL ESTATE REMAINS THE LEADING SECTOR TO RECEIVE FUNDING IN AIF
The financing gap that had long plagued the Indian real estate industry had limited its ability to grow. Nonetheless, Real Estate Alternative Investment Funds (AIFs) have become a game-changer and revolutionized the market in recent years. SEBI-regulated investment vehicles known as real estate-focused AIFs combine investors capital and allocate it mostly to Indian real estate assets, providing a great opportunity for investors and developers. It can be noted that in the past 3 years, real estate has been the most preferred sector across AIFs to invest in. Between FY21 and FY23, deployment of funds was maximum in real estate sector.

The Indian real estate industry, was facing a significant funding shortfall that had hindered project launch and execution and sector growth. Real estate AIFs have become a dependable source of funding, giving developers access to much needed capital.

Due to introduction of the real estate AIFs, the developers can fund their projects without depending just on conventional financing sources like bank loans or private equity. This funding source enables developers to create premium real estate assets, purchase land parcels and fasten project execution. Real estate AIFs are a desirable option for project financing since they provide developers with a number of advantages. First of all, these funds provide developers adaptable financing choices that may be customized to fit their unique needs. Developers can access funds at different stages of project development, from purchase to last-mile completion, thanks to Real Estate AIFs' customized structure. The engagement of proficient fund managers facilitates developers in project management optimization, operational efficiency enhancement, and regulatory complexity navigation. Real Estate AIFs also make it easier for developers to work together, which promotes knowledge exchange and industry synergies.

The assets under management of the Indian real estate market based on the top 5 players is around Rs 20,916 crores as of FY24.Such funds provide a higher return as well as offer diversification across developers and projects.

From investors point of view, AIFs in real estate are a lucrative option to invest as they provide a diversification across regions, projects and developers. The investors get the option to invest in real estate projects which may generally be out of reach.

Also, these funds are managed by experienced and knowledgeable fund managers who have good knowledge about the sector like real estate market. Real estate investing has never been a simple endeavour. Investors have to cope with a variety of issues, including complicated asset management, paperwork and operational difficulties. HNIs wishing to invest in real estate investment themes are finding that real estate-focused AIFs are a great alternative. As in the typical AIF process, the fund managers conduct a strict due diligence for the portfolio companies, offer guidance and manage these investments very actively.

The AIFs also play a key role in promoting transparency and governance in the industry. A strict regulatory framework around AIFs ensures compliance and accountability, reduces the risk of manipulation and increases investor confidence. This increased transparency will attract both domestic and foreign investors in future, increasing investment participation and spurring industrial growth.

In general, the real estate projects are risky due to their nature and such funds provide a good opportunity to the investors that balances out their risk and return. Hence it is safe to assume that the real estate AIFs will continue to increase in future as well.

Benefits of setting up AIFs through the new route - Gift City
The Gujarat International Finance Tec-City (GIFT City) project consists of a dedicated Domestic Tariff Area (DTA) and a multi-service Special Economic Zone (SEZ). GIFT City is spread out over a vast region, taking approximately 261 acres for the SEZ and 625 acres for the DTA.

The Gujarat Government to work on this ambitious project, through the Gujarat Urban construction Company Limited (GUDCL), created the Gujarat International Finance Tec-City Company Limited (GIFTCL) to lead this project. GIFT City, which is ideally situated next to the Sabarmati River, benefits from Ahmedabad's status as a major economic hub.

GIFT City is India’s premier operational greenfield smart city and is India’s maiden International Financial Services Centre (IFSC). The IFSC within the GIFT City was planned to serve as a crucial hub to cater the growing needs of the customers that are beyond the domestic functions. It is regulated by the International Financial Services Authority (IFSCA). The IFSC can be defined as the jurisdiction that offers a strong market for financial products and services to residents as well as nonresidents that permit transactions in currencies other than the Indian Rupee. This crucial role is assumed by the International Financial Services Centers Authority as well as the function of supervising financial services and goods within the GIFT IFSC in India. Before the IFSC was established, the regulatory responsibilities were for IFSCA were spread across domestic regulators, such as the Insurance Regulatory and Development Authority of India (IRDAI), the Pension Fund Regulatory and Development Authority (PFRDA), the Securities and Exchange Board of India (SEBI), and the Reserve Bank of India (RBI). The necessity to improve the efficient cooperation between various regulatory agencies and to streamline regulatory operations led to the establishment of IFSCA.

The main goal of IFSCA is to develop a welcoming and business-friendly atmosphere to represent India’s commitment to nurturing financial ecosystem within GIFT IFSC. It seeks to create a leading regulatory environment that not only facilitates international trade.

REAL ESTATE INDUSTRY IN INDIA
Real estate is one of the most crucial and recognized sectors across the globe. It is segmented into four sub-sections: residential, commercial, retail, and hospitality. The real estate industry's growth depends on advancements in the corporate environment and the subsequent demand for office space and urban & semi-urban accommodations. The construction industry, is therefore, one of the major sectors in terms of its direct, indirect, and induced impacts on all the sectors of the economy.

In India, the real estate industry is the second-largest employment generator after agriculture. Around three houses are built per 1,000 people annually against the required construction rate of five houses per 1,000 individuals annually, as per industry estimates. This indicates that there is significant untapped potential for growth in the sector.

The residential real estate segment was performing exceptionally well during the first half of the previous decade on account of growth in the economy and the services sector which resulted in migration to metros and propelled the demand for housing units in these areas. However, problems related to elevated property prices, delayed launches by developers and stalled projects triggered some cold feet towards the sector. From the point of view of financing too, the IL&FS crisis created problems in the NBFC sector, which is a pivotal source of funding for real estate. To add to this, the coronavirus outbreak in early 2020 and the concomitant lockdowns across the country caused acute stress to the residential real estate segment during H1CY20.

After reopening of the economy post COVID-19 pandemic, there has been a notable increase in demand for residential properties, primarily driven by end-users in the affordable housing segment. Foreign investments continued to flow into the sector, aided by the easing of the pandemic situation, resumption of travel, favourable policies such as tax benefits, and advantageous currency exchange rates, which have further contributed to increased investments from Non-Resident Indians (NRIs), particularly in the residential sector.

NISUS FINANCE SERVICES CO LIMITED COMPETITIVE STRENGTHS
1. A well-established, credible and customer-focused NiFCO brand
2. Diversified Business Model
3. Ability to identify emerging market trends in a timely manner
4. Strong Management and distinctive people and culture
5. Prudent governance, risk management, and internal control frameworks

NISUS FINANCE SERVICES CO LIMITED GROWTH STRATEGIES
1. Further grow their Advisory Business
2. Expanding the reach and footprint of their businesses
3. Leverage their core strengths to generate growth through expansion in their investor base
4. Further Strengthening on their Product Development
5. Continue to attract, train and retain their people
6. Continue to leverage their customer base and Diversified Business Platform
7. Expansion through inorganic growth 

NISUS FINANCE SERVICES CO LIMITED RISK FACTORS & CONCERNS
1. Any adverse development in the real estate sector would negatively affect the results of operations.
2. They may not be able to adequately protect their intellectual property rights, including the use of “Nisus” name and associated logo.
3. The revenues are dependent on their sustained ability to successfully manage transactions and advisory assignments and on managing client concentrations.
4. Poor investment performance, pricing pressure and other competitive factors may reduce their revenue or result in losses in their asset management business. 
5. The business is dependent on the Group’s goodwill and ‘Nisus’ brand name.