Nisus Finance Services Co IPO

Company Overview:
Nisus Finance Services Co Limited (NFSCL) operates in the business of Transaction Advisory services and has several subsidiaries and associate companies focused on real estate and urban infrastructure asset management.

IPO Details:

• Total Issue Size: ₹114.23 crores
  • Fresh Issue: 56.45 lakh shares worth ₹101.62 crores
  • Offer for Sale: 7 lakh shares worth ₹12.61 crores
• Price Band: ₹170 to ₹180 per share
• Market Capitalization at Upper Band: ₹429.80 crores
• Lot Size: 800 shares
• Minimum Investment: ₹1,44,000 for retail investors
• IPO Subscription Dates: Opens on December 4, 2024, and closes on December 6, 2024
• Allotment Date: December 9, 2024
• Listing Date: December 11, 2024, on BSE SME

Objectives of the Fresh Issue:

1. Augment funds for facilities and licenses in IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius (₹12.46 crores).
2. Fund raising costs, distribution fees (₹35.91 crores).
3. Investment in subsidiary Nisus Fincorp (₹25 crores).
4. General corporate purposes.

GMP and Anchor Investors:

• Grey Market Premium (GMP): ₹0 .
• Anchor Investors: Raised ₹32.21 crores from anchor investors at ₹180 per share, with 17.89 lakh shares allocated.

Emerald Tyre Manufacturers IPO

Company Overview:
Emerald Tyre Manufacturers is an established global manufacturer specializing in industrial tyres. With a strong reputation in the market, the company is expanding its footprint in the tyre industry.

IPO Details:

• Total Issue Size: ₹49.26 crores
  • Fresh Issue: 49.86 lakh shares worth ₹47.36 crores
  • Offer for Sale: 1.99 lakh shares worth ₹1.89 crores
• Price Band: ₹90 to ₹95 per share
• Market Capitalization at Upper Band: ₹185.02 crores
• Lot Size: 1,200 shares
• Minimum Investment: ₹1,14,000 for retail investors
• IPO Subscription Dates: Opens on December 5, 2024, and closes on December 9, 2024
• Allotment Date: December 10, 2024
• Listing Date: December 11, 2024, on BSE SME

Objectives of the Fresh Issue:

1. Capital expenditure requirements (₹40.85 crores).
2. General corporate purposes.
3. Offer expenses.

GMP and Anchor Investors:

• Grey Market Premium (GMP): ₹0 .
• Anchor Investors: Raised ₹13.90 crores from anchor investors at ₹95 per share, with 14.64 lakh shares allocated.

IPO Allotment Status and How to Check

Both Nisus Finance Services Co and Emerald Tyre Manufacturers IPOs offer a straightforward process to check allotment status:

• Visit the registrar's website.
• Select the respective IPO from the dropdown list.
• Enter your application number, PAN, or DP Client ID to check the allotment status.

The Upcoming IPOs in this week and coming weeks are Nisus Finance, Emerald Tyre Manufacturers, Rosmerta Digital and Avanse Financial.The Current active IPO is Ganesh Infraworld, Suraksha Diagnostic, Agarwal Toughened.For more details on upcoming IPOs, you can visit our page at Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay updated with the latest news on IPO updates on Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in Choice Broking FinX.