Nisus Finance Services IPO: Date, Price, GMP & Valuation

Nisus Finance Services IPO-Complete Overview

Nisus Finance Services IPO under the SME IPO category is a book built issue of Rs.114.24 crore by Nisus Finance Services Co Limited, incorporated in 2013, the company is mainly based on financial services like Transactional Advisory Services, Fund and Asset Management, and Private Equity and Venture Debt and Capital Solutions to Corporate Clients in terms of these services.

Nisus Finance Services has two business segments:

1. Transaction Advisory Services: include assisting and supporting the partners in transactions such as outright sales; joint ventures, joint development; and capital structuring, etc. This also facilitates connecting the clients with private equity funds, risk capital providers, and even financial institutions for growing their business operations. It also gives consultancy advice on corporate real estate issues tied to structuring and finalizing transactions efficiently.

2. Fund and Asset Management: Growth Capital, Project Finance, or Specific Blog funding to developers are part of this segment along with Asset Management of Alternative Investment Funds focusing on real estate and infrastructure sectors. As of now, we manage four schemes under the subsidiaries, step-down subsidiaries, and associate companies through SEBI, IFSC, and DIFC-registered AIFs which include:

• Real Estate Special Opportunities Fund - 1

• Real Estate Credit Opportunities Fund - 1

• Nisus High Yield Growth Fund 

• Nisus High Yield Growth Fund Closed-Ended 

Main sources of revenue include fund management fees earned by the fund manager advisory entities having AIF pools. 

Assets Under Management (AUM): Close to INR 1,000 crore (FY2024) across real estate and urban infrastructure.

Office Network: Three offices, including two in India and one international, as of January 31, 2024.

Nisus Finance Services IPO Overview

This Nisus Finance Services IPO date is 04 December 2024, and its ‘initial public offering’ will end on 06 December 2024. 

The Rs.114.24 crore new SME IPO comprises a combination of fresh issues of 56.46 lac Shares (Rs.101.62 Cr) and an offer for sale (OFS) of 7.01 lac Shares (Rs.12.61 Cr). 

This upcoming IPO date is from December 04 to December 06, 2024. Nisus Finance Services IPO Price is Rs.170 to Rs.180 for each Share. 

The expected IPO listing date is Wednesday, 11 December 2024, and listing at BSE and SME.

To open a demat account and apply for the IPO, Click Here.

Company Financial

The company’s revenue fell by 266.16% and PAT increased by 663.29% during FYs ending 31 March 2024 and 31 March 2023.

(Amount in Lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Category-wise Revenue Breakdown  

(Amount in lac)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Expanding the infrastructure for fund management, facility management services, additional licenses, and fund establishment in FSC-Mauritius, DIFC-Dubai (UAE), and IFSC Gift City (Gandhinagar).

• The expense of raising money, distributing it, and paying third-party distributors or agents in India and/or other countries a placement fee to establish a fund pool.

• To increase the capital basis, an investment was made in Nisus Fincorp Private Limited, an associate company that is a RBI Registered NBFC.

• General corporate purposes.

 

Peers of Nisus Finance Services Ltd.

No listed peers of comparable size mentioned in the RHP.

Evaluation

The Nisus Finance Services Limited IPO price is Rs.170 to Rs.180 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.12.55 from the last year, the resulting P/E ratio is 14.34x.

Considering the weighted EPS of Rs.6.94 for the last three years, the P/E ratio is 25.93x.

Comparative Analysis With Listed Peers

No listed peers hence no comparison could be made.

 

IPO's Strengths

• Reputable, well-known, and customer-focused NiFCO brand.

• Diversified business strategy.

• The capacity to promptly recognize new market trends.

• Excellent management, unique individuals, and a unique culture.

• Frameworks for internal control, risk management, and prudent governance.

 

IPO’s Weaknesses

• Reliance on market circumstances

• Reliance on Essential Personnel

• Rivalry

• Economic unpredictability

• Risks to Cybersecurity.

 

Nisus Finance Services IPO GMP

Nisus Finance Services IPO GMP today is Rs.50 (as of 29 November 2024). With the price of Rs.180, the expected Nisus Finance Services IPO listing price is Rs.230 at the time of writing this information.

IPO Timetable (Tentative)

The IPO opening date is from December 04 to December 06, 2024, with allotment on December 09, refund initiation on December 10, and listing on December 11, 2024.

 

Nisus Finance Services IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 6,346,400 Shares (Rs.114.24 Cr).

 

 

Nisus Finance Services IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (800 Shares) amounting to Rs.1,44,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (1600 Shares) amounting to Rs.2,88,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Nisus Finance Services Ltd.

• Amit Anil Goenka and Mridula Amit Goenka.

 

Nisus Finance Services IPO Lead Managers

• Beeline Capital Advisors Pvt Ltd.

Dividend Policy

The company has not paid dividends in the last five FYs.

Conclusion

The Nisus Finance Services IPO is a platform from which investors can place their investments in this growing financial services company. It has a diverse portfolio. The company is increasing its breadth of operations and intends to utilize the proceeds from this for its growth and infrastructure development. While the management is solid, risks include market conditions and over-reliance on key personnel. Investors should consider the valuation, potential for growth and risk factors of the IPO before making any investment decision.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

DISCLAIMER:

DISCLAIMER: NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always discuss with an eligible financial advisor before investing. 

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