Nisus Finance Services Co IPO-Check price band, latest ipo gmp, lot size and other key details
Team Finance Saathi
30/Nov/2024
What's covered under the Article:
- Nisus Finance Services Co IPO details: ₹114.23 Crores issue size, price band ₹170-₹180 per share.
- The subscription period for Nisus Finance Services Co IPO opens on December 4, 2024, and closes on December 6, 2024.
- Key objectives of the IPO: Raising funds for expansion, subsidiary investments, and corporate purposes.
The Nisus Finance Services Co IPO is a significant event in the financial sector, with an issue size of ₹114.23 Crores. The IPO consists of a Fresh Issue of ₹101.62 Crores and an Offer for Sale amounting to ₹12.61 Crores. The price band for the IPO has been set between ₹170 and ₹180 per equity share, with a lot size of 800 shares. The subscription period will open on December 4, 2024, and close on December 6, 2024. Investors can expect the allotment to be finalized by December 9, 2024, with shares listed on the BSE SME by December 11, 2024.
This IPO is a book built issue, and investors should be aware of the IPO Grey Market Premium (GMP), which currently stands at ₹0, based on the company's financial performance. This means there’s no expected listing gain at this moment. However, the IPO's valuation and growth potential are key factors that investors should consider.
The Upcoming IPOs in this week and coming weeks are Property Share REIT, Nisus Finance, Emerald Tyre Manufacturers, Rosmerta Digital and Avanse Financial.
The Current active IPO is Ganesh Infraworld, Suraksha Diagnostic, Agarwal Toughened.
The primary objectives of the Nisus Finance Services Co IPO are to raise capital for expanding its infrastructure, augmenting licenses, and enhancing fund management facilities in international markets, including IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE), and FSC-Mauritius. The IPO proceeds will also be used to fund subsidiary investments and to strengthen the company's capital base for future growth.
Investment Highlights:
- The company's promoters, Mr. Amit Anil Goenka and Mrs. Mridula Amit Goenka, bring over 15 years of experience in real estate financing and capital markets.
- The financial performance of Nisus Finance Services Co for the fiscal year 2024 shows a significant increase in revenue and EBITDA, with a profit after tax (PAT) of ₹835.72 Lakhs in the first quarter.
- The company also has a high return on equity (RoE) at 109.83%, reflecting strong financial health.
For those looking to invest, it’s important to note the minimum investment required for retail investors is ₹1,44,000 (800 shares), while for High-Net-Worth Individuals (HNIs), it is ₹2,88,000 (1600 shares). The anchor investors have already shown confidence in the IPO by investing ₹32.21 Crores, which provides an optimistic outlook.
Why Should You Consider the Nisus Finance Services Co IPO?: Nisus Finance Services Co Limited is a leading player in the transaction advisory services space, with its subsidiaries focusing on real estate and urban infrastructure fund management. The company’s diversified approach and strong backing from experienced promoters create a solid foundation for future growth.
However, Grey Market Premium and subscription data should be watched closely, as they will give better clarity about demand leading up to the listing date.
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