December 11, 2024
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Nisus Finance IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Nisus Finance listing Review
On 11 th December 2024, the scrip is listed at Rs. 225, 25% premium over the issue price. The listing has been disappointment to the grey market players, who anticipated listing at Rs. 300.
Nisus Finance IPO allotment Link
The last GMP Rs. 115
Subscription status of Nisus Finance IPO
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Nisus Finance Services IPO Price Rs. 180 Lot 800 shares, Rs. 114.24 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 93.84 | 451.21 | 139.78 | 192.29 | 4,58,967 (?) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Nisus Finance?
Nisus Finance Services Co. Limited, originally established as Molior Realty Private Limited in 2013, specializes in transaction advisory services. Operating under the brand “Nisus Finance Group” (NiFCO), the company and its network of subsidiaries, sub-subsidiaries, and associates are engaged in a wide range of services related to real estate and urban infrastructure.
Key entities within the group include:
- Nisus BCD Advisors LLP
- Nisus Finance & Investment Managers LLP
- Nisus Finance International Advisors IFSC LLP
- Nisus Finance Investment Consultancy FZCO
- Dalmia Nisus Finance Investment Managers LLP (as an associate)
These entities collectively focus on real estate and urban infrastructure funds, asset management, and financial services.
Core Services:
- Transaction Advisory
- Private equity and structured credit
- Financial advisory and structuring
- Warehousing and land assembly
- Pre-let commercial space development
- Asset monetization
- Fund Management
- Evaluation of investment opportunities
- Alignment of opportunities with fund strategy and investment philosophy
Nisus Finance’s approach integrates expertise in financial structuring, asset management, and investment strategy to deliver tailored solutions for its clients in the real estate and infrastructure sectors.
Get more information about the company @ http://www.nisusfin.com/
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Nisus Finance IPO Details |
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| IPO opens on | 4 December 2024 |
| IPO closes on | 6 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6346400 Shares / Rs 114.24 Crore |
| * Fresh Issue | 5645600 Shares / Rs 101.62 Crore |
| * Offer for Sale – | 700800 shares / Rs. 12.61 crore |
| Market Maker Portion | 351200 Shares |
| Net offer to Public | 5995200 Shares/ Rs.107.91 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 180 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 2997600 | 53.95 |
| NII (15%) | 899280 | 16.19 |
| RII (35%) | 2098320 | 37.77 |
| Total Shares | 5995200 | 107.91 |
| Retail portion will be oversubscribed by |
2623 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 800 Shares | Rs.144000 |
| Min HNI Application | 1600 Shares | Rs.288000 |
Who are the Promoters of Nisus Finance?
The Promoters of the company are Amit Anil Goenka and Mridula Amit Goenka.
What are the Objects of Nisus Finance IPO?
The Offer comprises of fresh issue of shares
The Net Proceeds will be utilized towards the following objectives:
- Augmenting fund setup, additional licenses, facility management services, and fund management infrastructure in IFSCGift City (Gandhinagar), DIFC-Dubai (UAE), and FSC-Mauritius.
- Fund raising cost, distribution, and placement fee to third-party distributors or agents in India and/or international markets for the creation of a pool of funds.
- Investment in Associate Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), to augment the capital base.
- General Corporate Purposes.
Tentative timetable |
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| IPO opens on | 4 December 2024 |
| IPO Closes on | 6 December 2024 |
| IPO Allotment on | 9 December 2024 |
| Refund Initiation | 10 December 2024 |
| Credit of Shares | 10 December 2024 |
| Listing on | 11 December 2024 |
| Registered Office of the Company Nisus Finance Services Co Limited Unit No 502-A, Floor-5, A-Wing, Poonam Chambers, Dr. Annie Besant Road, Worli, Mumbai – 400018 Phone: +91-22-6164 8888 |
| Who is the Lead Manager of this IPO? Beeline Capital Advisors Pvt Ltd |
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Who is the Registrar to IPO? Skyline Financial Services Private Ltd |
Nisus Finance IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Nisus Finance IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 7.50 | 1.30 | 0.71 | 20.39 |
| 2022-23 | 11.54 | 3.00 | 1.64 | 31.99 |
| 2023-24 | 30.90 | 16.88 | 12.64 | |
| Book Value of the Share on 31.03.2024 |
Rs | 14.35 | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 180 | ||
IPO
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| Price/EPS of 23-24 | 14.24 |
| Price/BV Ratio | 10.48 |
| Debt/Equity | 0.23 |
How Nisus Finance IPO compares with the Peers?
Given the business model and its diversified product portfolio, there are no direct listed companies, whose business portfolio is comparable with that of the Company business and comparable to it scale of operations.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Nisus Finance IPO Review
The Company is mainly engaged in the business of Transaction Advisory services, while its subsidiaries, stepdown subsidiaries, namely Nisus BCD Advisors LLP, Nisus Finance & Investment Managers LLP, Nisus Finance International Advisors IFSC LLP, Nisus Finance Investment Consultancy FZCO and associate company namely Dalmia Nisus Finance Investment Managers LLP are engaged in Real Estate and Urban Infrastructure Fund and Asset Management. The other subsidiary i.e. Nisus Fincorp Private Limited, an NBFC company is having main object of financing.
The IPO is substantial, amounting to Rs. 114.24 crore (6,346,400 shares), particularly when compared to recent trends in SME IPOs. In the year prior to the IPO, the company saw a notable surge in both total income and net profits. Total income has moved up to Rs. 42.25 crore, from Rs. 11.54 crore in the earlier year. Net profit has moved up to Rs. 23.05 crore from just Rs. 3.02 crore. Such sharp rise in financial performance raises eyebrows.
+ from fundamental angle: Not so attractive.
+ from grey market angle: May Apply
Quicklinks
Nisus Finance IPO GMP today allotment, review?
Nisus Finance IPO GMP grey market premium
Nisus Finance IPO FAQs
What is Nisus Finance IPO?
This is a SME IPO of 4810000 equity shares of the face value of Rs. 10 aggregating up to Rs.29.34 Crores. The issue is priced at Rs.61 per share. The minimum order quantity is 2000 Shares.
When will Nisus Finance IPO subscription open?
Nisus Finance IPO opens on November 13, 2024, and closes on November 18, 2024.
What is the lot size of Nisus Finance IPO?
Nisus Finance IPO lot size is 2000 Shares, and the minimum amount required is Rs.122000
How to apply for Nisus Finance IPO?
You can apply in Nisus Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Nisus Finance IPO allotment?
The finalization of Basis of Allotment for Nisus Finance IPO will be done on November 19, 2024, and the allotted shares will be credited to your demat account by November 20, 2024.
When is Nisus Finance IPO listing date?
Nisus Finance IPO listing date is November 21, 2024.
