Highlights of the Proposed Issue
Nisus Finance Services is going to launch its IPO. Its opening date is * November, 2024. It will close on * November, 2024. This is going to be a book-built issue. Through its first public offering (IPO), the company aims to collect about ₹ crores. The IPO will be a mixture of a fresh issue of 5780000 equity shares worth ₹* Cr. and an offer for sale of 720000 equity shares worth ₹* Cr. The face value of shares is ₹10 per equity share. The price band of Nisus Finance Services IPO is between ₹* to ₹*.
Nisus Finance Services Co. Limited (NIFCO) is a financial services firm founded in 2013, primarily focusing on the real estate and infrastructure sectors. The company not only provides fund and asset management but also offers transaction advisory and stressed assets resolution services, with a specialization in real estate investments.
Nisus Finance Services IPO Detail
| IPO Opening and Closing Date | November 18, 2024 to November 21, 2024 |
| IPO Price Range | Rs * to Rs * Per Share |
| Face Value of Share | Rs 10 Per Share |
| Net Issue Size Offered | 65001000 Shares amounting up to ₹ * Crores |
| Fresh Issue | 5780000 Shares amounting up to ₹ * Crores |
| Offer For Sale | 720000 Shares amounting up to ₹ * Cr. |
| Listing at | BSE SME |
| Issue Type | Book Built Issue IPO |
| IPO DRHP | Click Here |
| IPO RHP | Click Here |
Tentative Date Schedule to Remember
| IPO Opening Date | * |
| IPO Closing Date | * |
| Allotment Date | * |
| Refund Initiation | * |
| Credit of Shares in Demat Account | * |
| Listing Date | * |
The issue will open on * November, 2024 and will close on * November, 2024. The allotment of Nisus Finance Services IPO will be finalized on * November, 2024. The listing date of Nisus Finance Services IPO on both BSE as well as NSE is fixed as * November, 2024.
Nisus Finance Services IPO GMP Today
Nisus Finance Services IPO GMP today is ₹00 as of 14 November, 2024.
Financials Standings of the Company
| Period | Period Ended 31 January, 2024 | Financial Year 2023 | Financial Year 2022 | Financial Year 2021 |
| Total Assets | 4984.56 | 3104.63 | 2076.06 | 1499.05 |
| Total Revenue | 3090.73 | 1153.83 | 749.51 | 557.49 |
| Total Expense | 752.03 | 776.37 | 552.50 | 427.07 |
| Profit After Tax | 1687.96 | 299.83 | 129.99 | 70.32 |
| Company’s Net Worth | 2615.58 | 937.36 | 637.53 | 507.54 |
| Total Reserves & Surplus | 2512.73 | 830.11 | 530.28 | 400.29 |
Company Financial Performance Indicators
| Key Performance Indicator | Value (FY 2024) |
| ROCE | 23.48% |
| ROE | 38.08% |
| Price to Book Value | * |
| EBITDA Margin (%) | 46.61% |
| After Tax Profit Margin (%) | 26.54 |
| Debt to Equity Ratio | 1.93 |
| Return on Net worth | 31.99% |
| Net Asset Value | ₹5.14 |
Lot Size for Different Category of Investors:
| Application | Lot | Number of Shares | Amount (in ₹) |
| Retail Investor (Min. Lot) | 1 | * | * |
| Retail Investor (Max Lot) | 1 | * | * |
| HNI (Min. Lot) | 2 | * | * |
Investors Reserved Quota
| Shares Reserved for QIB | 50% of the Total Issue |
| Shares Reserved for Retail Investors | 35% of the Total Issue |
| Shares Reserved for Non-Institutional Investors | 15% of the Total Issue |
Cash Flows of the Company
| Net Cash Flow | For the Period Ended 31-Jan-24 | Financial Year 2023 | Financial Year 2022 | Financial Year 2021 |
| Cash Flow from Operating Activities | 1,606.91 | -180.71 | 132.44 | 9.59 |
| Cash Flow from Investing Activities | -194.02 | -414.90 | -143.81 | -112.62 |
| Cash Flow from Financing Activities | -1,435.26 | 887.25 | -59.86 | 49.90 |
| Net Increase in Cash & Equivalents | -22.37 | 291.64 | -71.24 | -53.13 |
Revenue Generation from Different Segments
| Segments | For the Period Ended 31-Jan-24 | FY 2023 | FY 2022 | FY 2021 |
| Sale of Advisory Services rendered | 2,199.36 | 249.50 | 166.00 | 188.82 |
| Fund Management Fees | 429.60 | 364.70 | 390.77 | 214.26 |
| Interest Income on Investment | 353.98 | 296.54 | 93.53 | 66.97 |
| Gain on sale of Investment | 72.37 | 198.15 | 58.35 | 72.27 |
| Income from Investment in AIF | 21.91 | 21.06 | 15.56 | – |
| Total | 3,077.21 | 1,129.95 | 724.21 | 542.31 |
Objectives of the Proposed Issue
- The proceeds from this IPO will primarily be used to strengthen the company’s capital base by investing in Nisus Fincorp Private Limited.
- Additionally, part of the funds will go towards building and enhancing fund infrastructure, obtaining necessary licenses, and upgrading facilities for fund management.
- Furthermore, the company will allocate a small portion of the funds to cover costs associated with fundraising activities.
- Lastly, a portion will be reserved for general corporate purposes.
Company’s Key Strengths and Weak Points
Strengths:
- The company has built a strong reputation in the market and, as a result, established itself as a reliable brand.
- The company has an experienced management team that brings valuable knowledge and industry insights.
- Company also provides personalized investment solutions to its clients, ensuring their unique needs are met.
- Furthermore, the company has a proactive approach to identifying market trends, staying ahead of industry shifts.
- Finally, the company maintain high standards of corporate ethics with solid governance practices.
Weaknesses:
- Some employees of the company have raised concerns about the work culture, mentioning issues like a lack of professionalism.
- Occasional delays in salary disbursements.
- Job security has been a worry for some, with extended probation periods.
- Management practices, especially micro-management and delayed appraisals.
Management & Promoter Group of Nisus Finance Services
- Mr. Amit Anil Goenka
- Mrs. Mridula Amit Goenka
Company’s Dividend Policy
The company has given dividend to its shareholders in recent year as follows.
- Year 2021-2022: The company declared an interim dividend of ₹286.89 lakhs and a final dividend of ₹0.57 lakhs.
- 2020-2021: The company declared an interim dividend of ₹4.36 lakhs.
Lead Managers of the Proposed Offer
The lead manager for the Nisus Finance Services Co. Limited IPO is Beeline Capital Advisors Private Limited.
Address: B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Bodakdev,
Ahmedabad-380054, Gujarat, India
Telephone: +91 79 4918 5784
Email: mb@beelinemb.com
Registrar of the Proposed Issue
The registrar for the Nisus Finance Services Co. Limited IPO is Skyline Financial Services Private Limited.
Address: D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi, Delhi–110020, India
Telephone: 011 2681 2683
Email: ipo@skylinerta.comWebsite:www.skylinerta.com
Contact Details of the Company
Address: 502 – A Wing, 5th Floor, Poonam Chambers, Dr. Annie Besant Road, Worli, Mumbai 400018, Maharashtra, India
Email: cs@nisusfin.com
Phone: +91-22-6164 8888
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Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Nisus Finance Services IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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