NIS Management Limited is a service-driven company that stands on the pillars of innovation, manpower strength, and client satisfaction. With approximately 16,000 employees across 14 states of India, the company continues to build a strong base in the service sector, ensuring customer delight and employee satisfaction alike.

The company has now entered the capital market with its Initial Public Offering (IPO) to raise funds for its growth and expansion. The NIS Management IPO is being closely watched by investors, given its business fundamentals, anchor backing, and current Grey Market Premium. Let us understand in detail everything related to this IPO.

IPO Details and Structure

The NIS Management IPO is a Book Built Issue with a total size of ₹60.01 crore. This includes:

• Fresh Issue of 46.62 lakh shares worth ₹51.75 crore

• Offer for Sale (OFS) of 7.44 lakh shares worth ₹8.26 crore

The IPO subscription period is open from August 25, 2025 to August 28, 2025. The allotment finalisation is scheduled for August 29, 2025 (Friday) and the shares are expected to list on the BSE SME platform on September 2, 2025 (Tuesday).

The price band is set between ₹105 to ₹111 per equity share. At the upper end of the price band (₹111), the market capitalisation of the company will be ₹291.78 crore.

The lot size for the IPO is 1,200 shares. For retail investors, the minimum investment is 2 lots (2,400 shares), amounting to ₹2,66,400, making it a sizable investment compared to many other SME IPOs.

Book Running Lead Manager, Registrar and Market Maker

The IPO is being managed by Share India Capital Services Pvt Ltd as the Book Running Lead Manager.
The Registrar for the issue is Maashitla Securities Pvt Ltd.
The Market Maker for the IPO is Share India Securities Ltd.

This strong combination ensures a smooth handling of subscription, allotment, and listing process.

Grey Market Premium (GMP)

As of the last update, the Grey Market Premium (GMP) of NIS Management IPO stands at ₹9 per share, indicating a possible listing price of ₹120, which is an 8.10% premium over the upper price band.

It is important to note that GMP trends are unofficial and unregulated. They only reflect market sentiment and may not always indicate the actual listing performance. Investors should therefore rely more on company fundamentals and valuations before making decisions.

IPO Subscription Status

As of 12:30 PM on August 26, 2025, the NIS Management IPO had been subscribed 0.36 times on Day 2 of the subscription period.

This indicates early interest but investors will closely watch how the demand builds up from retail investors, Non-Institutional Investors (NIIs), and Qualified Institutional Buyers (QIBs) in the remaining days of subscription.

Anchor Investors

A significant positive for the IPO has been the anchor investor participation. NIS Management successfully raised ₹119.99 crore from Anchor Investors at ₹111 per share.

The company allocated 15,06,000 equity shares to anchor investors. This early commitment is often seen as a confidence booster for the IPO and can attract further retail and institutional demand.

It is important to note that shares allotted to anchor investors come from the Qualified Institutional Buyers (QIBs) portion.

Day Wise GMP Trend

The GMP trend for NIS Management IPO is as follows:

• 23 August 2025 – IPO Price: ₹111, Expected Listing Price: ₹120, GMP: ₹9 (8.10%)

This shows that while demand in the grey market exists, it remains moderate compared to some other SME IPOs.

IPO Allotment – How to Check

The IPO allotment date is set for August 29, 2025. Investors can check their allotment status online through the registrar’s website (Maashitla Securities Pvt Ltd).

Steps to check allotment status:

1. Visit the IPO allotment status page on the registrar’s website.

2. Select NIS Management Limited IPO from the dropdown menu.

3. Enter your application number, PAN, or DP Client ID.

4. Submit the details to view your allotment status.

Investors will then be able to confirm whether they have been allotted shares and take the next steps accordingly.

Objectives of the IPO

The company intends to use the Net Proceeds from the IPO for the following objectives:

1. ₹36 crore to meet the working capital requirements of the company.

2. Balance for general corporate purposes.

This allocation reflects the company’s intention to strengthen its operational liquidity and support further business growth.

Conclusion

The NIS Management IPO comes at a time when SME IPOs are generating a lot of interest among investors. With a ₹60.01 crore issue size, a price band of ₹105–₹111, a Grey Market Premium of ₹9, and anchor backing of ₹119.99 crore, the IPO shows positive early signs.

However, investors must consider the high investment requirement (₹2,66,400 minimum), the early subscription numbers, and the service sector nature of the business before applying.

For long-term investors, the company’s large manpower base of 16,000 employees, operational presence across 14 states, and consistent focus on client satisfaction may offer growth opportunities.

In short, the NIS Management IPO is worth watching, especially if subscription picks up strongly in the final day of bidding.

The Upcoming IPOs in this week and coming weeks are Amanta Healthcare, Rachit Paints, Abril Paper Tech, Sneha Organics, Sugs Lloyd, .

The Current active IPO are Anlon Healthcare, NIS Management, Sattva Engineering Construction, Globtier Infotech, Current Infraprojects, Vikran Engineering, Shivashrit Foods, Anondita Medicare, Classic Electrodes (India).

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