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Nisus Finance Services IPO GMP: Unlisting shares of Nisus Finance Services are currently trading at Rs 232 apiece in the grey market, which is 28.89 per cent higher than the issue price of Rs 180, signalling a decent listing for the IPO.
Nisus Finance Services IPO.
Nisus Finance Services IPO: The initial public offering of asset management services provider Nisus Finance Services opened on Wednesday. In the first two hours, the SME IPO has been subscribed by over 3 times. Its price band has been fixed at Rs 170 to Rs 180 apiece. Till 4:55 pm on the first day of bidding, the Rs 114.24-crore BSE SME IPO received a 3.13 times subscription garnering bids for 1,31,44,800 shares as against the 42,05,600 shares on offer.
The IPO will be closed on December 6, Friday. Its allotment is likely to be finalised on December 9, while its listing is scheduled to take place the BSE SME on December 11.
So far, the retail category has received a 3.69 times subscription, while the non-institutional category (NII) got a 2.21 times subscription. The QIB portion got a 2.89 times subscription.
Nisus Finance Services raised Rs 32.21 crore on Tuesday from anchor investors, ahead of the IPO.
“We are hugely grateful for the enthusiastic participation of esteemed domestic and foreign financial institutions in our anchor book who have reposed their strong faith in our business model. The IPO is a significant milestone for us to transform into a major asset management and transaction advisory power house with a sharp focus on urban infrastructure in emerging markets,” Amit Goenka, MD and CEO at Nisus, told news18.com.
He added that the new capital will deepen the company’s product offerings, new fund launches, and engagement across emerging metro locations and accelerate its revenue, profitability, and asset under management (AUM).
Nisus Finance Services IPO GMP Today
According to market observers, the unlisting shares of Nisus Finance Services Ltd are currently trading at Rs 232 apiece in the grey market, which is Rs 52 or 28.89 per cent higher than the issue price of Rs 180. The 28.89 per cent GMP suggests a decent listing for the IPO.
Nisus Finance Services IPO: More Details
Nisus Finance Services is looking to raise about Rs 114.24 crore from the offering. The company intends to utilise net proceeds from the Issue to enhance fund setup, obtain additional licenses, and improve facility and fund management infrastructure in key financial hubs like IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius.
It also plans to cover fundraising costs and placement fees for domestic and international markets, invest in its Subsidiary Company Nisus Fincorp Private Limited to boost its capital base, and address general corporate purposes.
The company’s IPO comprises a fresh issue of 56,45,600 Equity Shares and an offer for sale of up to 7,00,800 equity shares with a face value of Rs 10 through the book-building route. The lot size of the offer is 800 Equity Shares. Beeline Capital Advisors Private Limited is the Book Running Lead Manager, and Skyline Financial Services Private Limited is the Registrar
to the offer.
Nisus Finance Services Co Limited, promoted by Amit Anil Goenka and Mridula Amit Goenka, specialises in real estate financing and capital markets, with over 15 years of experience. Operating under the ‘Nisus Finance Group’ or ‘NiFCO’ brand, the company focuses on transaction advisory services and fund and asset management
