Nisus Finance Services Co Limited, a leading provider of transaction advisory services, has launched its initial public offering (IPO) to raise ₹114.23 Crores. The IPO comprises a Fresh Issue of 56.45 Lakh shares (worth ₹101.62 Crores) and an Offer for Sale of 7.00 Lakh shares (worth ₹12.61 Crores). The share price is set between ₹170 and ₹180 per equity share, with a market capitalization of approximately ₹429.80 Crores at the upper price band of ₹180.

Nisus Finance Services Co IPO Key Dates

• Subscription period: December 4, 2024, to December 6, 2024
• IPO allotment date: December 9, 2024
• Listing date: December 11, 2024 (Tentative)
• Lot size: 800 shares, with a minimum investment requirement of ₹1,44,000 for retail investors. High-Net-Worth Individuals (HNIs) must apply for a minimum of 2 lots, amounting to ₹2,88,000.

Grey Market Premium (GMP) Update

As of now, the Grey Market Premium (GMP) for the Nisus Finance Services Co IPO is ₹0, indicating no expected listing gains based on current market sentiment and the company’s financial performance. The absence of substantial GMP activity suggests limited demand for the IPO in the unorganized market.

Nisus Finance Services Co IPO Subscription Status

The live subscription status, as of 10:43 AM on December 4, 2024, indicates that the IPO is 0.20 times subscribed on its first day of the subscription period. Investors can track real-time subscription updates on the BSE platform.

Anchor Investor Allocation

The company has successfully raised ₹32.21 Crores from Anchor Investors, allocating 17.89 Lakh shares at the upper price of ₹180 per share. These investments were made in consultation with the Book Running Lead Managers.

Company Background

Nisus Finance Services Co Limited is primarily engaged in providing transaction advisory services, with subsidiaries involved in real estate, urban infrastructure funds, and asset management. The company has a robust track record in real estate financing and capital markets, backed by promoters with over 15 years of industry experience.

Financial Performance and Valuation

For the fiscal years ending 2024, 2023, and 2022, the company reported consistent growth in revenue, EBITDA, and profit after tax (PAT), reflecting its strong business model in the advisory sector. The EPS (Earnings Per Share) pre-issue stands at ₹12.25, and post-issue at ₹9.58. This results in a pre-issue P/E ratio of 14.69x and a post-issue P/E ratio of 18.79x, indicating the IPO is fairly priced.

• ROCE for FY24: 101.63%
• ROE for FY24: 109.83%

Investment Recommendation

Given the financial performance, IPO valuation, and GMP data showing no potential listing gains, our recommendation for investors is to avoid the Nisus Finance Services Co Limited IPO for listing gains or long-term investments. While the company has a strong business foundation in real estate financing, the lack of significant demand in the grey market suggests cautious interest.

How to Check IPO Allotment Status

The IPO allotment date for Nisus Finance Services Co is December 9, 2024. Here’s how to check your allotment status online:

1. Visit the Registrar’s website (Skyline Financial Services Private Limited).
2. Select Nisus Finance Services Co Limited IPO from the dropdown list.
3. Enter your application number, PAN, or DP Client ID.
4. Submit the details to view the allotment status.

By following these steps, investors can easily track their allotment status and proceed accordingly with their investment decisions.

Objectives of the IPO

The proceeds from the fresh issue will be used for the following purposes:

1. ₹1,246.45 Lakhs for augmenting the company’s fund setup, securing additional licenses, and expanding its facilities across IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius.
2. ₹3,590.58 Lakhs for fundraising costs, distribution, and placement fees to third-party distributors in India and international markets.
3. ₹2,500.00 Lakhs to invest in its subsidiary, Nisus Fincorp Private Limited, a registered NBFC to bolster its capital base.
4. General corporate purposes.

By supporting these initiatives, the company aims to strengthen its position in the real estate financing sector and expand its global presence.

The Upcoming IPOs in this week and coming weeks are Emerald Tyre Manufacturers, Jungle Camps, Purple United, Rosmerta Digital and Avanse Financial. The Current active IPO is Nisus Finance.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.