NIS Management IPO: Price, GMP, Analysis, And Details

NIS Management IPO - Company Analysis 

NIS Management IPO under the SME IPO category is a bookbuilding issue of Rs. 60.01 Cr by NIS Management Ltd, which was incorporated in 1985 and is a Kolkata-based company that works in the security and facility management industries.

The business provides a number of services, such as electronic surveillance, facilities management, payroll processing, housekeeping, and manned security.

From a five-person business in 1985 to a major player in the security services sector, the company has seen tremendous growth. More than 600 clients are served by NIS, which employs about 16,000 people in 14 states.

The business has grown to 14 outlets, all of which are ideally situated to maximize service delivery in a variety of settings. The business is still dedicated to providing outstanding, locally customized service while maintaining strong operational standards.

 

Services:

• Housekeeping

• Integrated Facility Management

• Security Services.
  
  

NIS Management IPO Details

The NIS Management IPO date is on 25 August 2025, and its initial public offering will end on 28 Aug with IPO allotment on Aug 29, and refund initiation on Sep 01, 2025.

The Rs. 60.01 crore new SME IPO comprises a combination of fresh issue of 0.47 crore Shares (Rs. 51.75 Cr) and an offer for sale (OFS) of 0.07 crore Shares (Rs. 8.26 Cr).

The NIS Management IPO listing date (expected) might be on Tuesday, Sep 02, 2025, and listing at the BSE and SME. 

The NIS Management IPO price band is Rs. 105 to Rs. 111.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Aug 25, 2025
IPO Closing Date	Aug 28, 2025
IPO Allotment Date	Aug 29, 2025
Refund Initiation	Sep 01, 2025
IPO Listing Date	Sep 02, 2025

 

Click to open demat account and apply for the IPO.

 

 

Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	255.11	247.44	225.72
Total Revenue	405.33	380.06	341.93
PAT	18.67	18.38	16.14
EBITDA	26.30	31.12	28.32
Net Worth	152	132.94	114.55
Reserves & Surplus	137.14	125.97	107.57
Borrowings	83.78	91.11	87.22

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	1488.04	1,201.83	1102.96
Net Cash Flow Investing Activities	(583.73)	130.75	(288.47)
Net Cash Flow Financing Activities	1568.40	(521.86)	(754.03)

Revenue Bifurcation

Service-wise Revenue Breakdown

(Source: RHP)

The Objective of the Issue

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

• Financing the company's working capital needs ~ Rs. 36 Cr.

• General Corporate Purposes. 

 

Listed Peers of NIS Management Ltd. 

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
Quess Corporation Limited	10	3.08	100.10
SIS Limited	5	0.82	467.68
Teamlease Service Limited	10	64.86	29.68

 

Valuation

Metric	Value
ROE	13.10%
ROCE	17.63%
RoNW	13.10%
PAT Margin	4.64%
Price to Book Value	0.61
EBITDA Margin	6.54%
Debt/Equity	0.55

 

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 12.38 from the last year, the resulting P/E ratio is 8.97x. When compared with the industry’s average P/E of 199.15x, it indicates an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

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IPO's Strengths

• Robust regional presence and sourcing of manpower.

• High ratio of core to associate.

• Employee monitoring with a mobile application-based attendance system and QR code technology.

• Certified training provider by NSDC.

 

IPO’s Weaknesses 

• Low-profit enterprise.

• Outplace employees' low use of technology makes it difficult to manage employees remotely.

• Clients' propensity to refuse composite contracts with larger margins.

 

NIS Management IPO GMP (Grey Market Premium)

NIS Management IPO GMP today has not started yet, as of 21 Aug 2025 at the time of writing this information.

NIS Management IPO Summary

The NIS Management India IPO has a market maker portion size of 3,30,000 Shares (Rs. 3.66 Cr).

IPO Opening & Closing Date	25 Aug, 2025 to 28 Aug, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 105 to Rs. 111 per Share.
Lot Size	1200 Shares
Issue Size	54,06,000 Shares (Rs. 60.01 Cr)
Offer for Sale	7,44,000 Shares (Rs. 8.26 Cr)
Fresh Issue	43,32,000 Shares (Rs. 48.09 Cr)
Listing at	BSE, SME
Issue Type	Bookbuilding IPO
Registrar	Maashitla Securities Pvt. Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,66,400 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 3,99,600.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

NIS Management IPO Allotment Status

To check the NIS Management IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of NIS Management Ltd.

• Mr. Debajit Choudhury

• Ms. Rina Choudhury

• Ms. Susmita Mukherjee

• Ms. Debahuti Chatterjee

• Ms. Nita Dey.

Pre-Issue Promoter Shareholding	95.99%
Post-Issue Promoter Shareholding	69.63%

 

IPO Lead Managers

• Share India Capital Services Pvt. Ltd.

 

 

Dividend Policy

The company has not paid a dividend in any financial year.

 

Conclusion

With 600+ clients and a strong regional presence, the NIS Management IPO exposes investors to India's expanding security and facilities management sector. The company demonstrates financial discipline with steady sales, rising cash flows, and a low debt-to-equity ratio. Its poor profit margins and significant reliance on labor, however, continue to be major issues.

 

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.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.