Shares of Nisus Finance Services Co will be listed on the BSE SME today. The company has fixed the issue price at ₹180, at the upper end of the price band of ₹170-180, after receiving an overwhelming response from investors. The SME IPO received 192.27 times subscription, with the Qualified Institutional Buyer (QIB) portion being subscribed 93.84 times, the NII quota a whopping 451.21 times, and the retail investors 139.74 times. The IPO had a reservation for employees, and the portion was subscribed one time, or 100 per cent.
The IPO comprised a fresh issue of 56.45 lakh equity shares with a face value of ₹10 through the book-building route.
Nisus Finance Services intends to utilise net proceeds from the issue to enhance fund setups, obtain additional licenses, and improve facilities 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 meet general corporate purposes.
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 the promoters having over 15 years of experience. Operating under the Nisus Finance Group or NiFCO brand, the company focuses on Transaction Advisory Services and Fund & Asset Management.
The company’s network includes subsidiaries and associates such as Nisus BCD Advisors LLP and Dalmia Nisus Finance Investment Managers LLP, which manage real estate and urban infrastructure fund and asset management operations. Additionally, Nisus Fincorp Private Limited operates as a Non-Banking Finance Company (NBFC).
