NIS Management IPO Key Dates
| Anchor Investor Subscription | |
| IPO opens on | 25 August 2025 |
| IPO Closes on | 28 August 2025 |
| Allotment on | 29 August 2025 |
| Credit of shares on | 1 September 2025 |
| Tentative Listing on | 2 September 2025 |
NIS Management IPO Condensed Verdict
👉 “Steady growth in revenue and profitability, strong presence in security & facility management, and expanding branch network make NIS Management IPO attractive for investors. However, high lot size may limit retail participation. Suitable for medium-term investors, with scope for stable compounding rather than flashy listing gains.”
Final Subscription Tally
| Size Rs. 60.01 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| Subscription Review: |
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About NIS Management
Incorporated in 1985 and headquartered in Kolkata, NIS Management Limited is a well-established player in the security and facility management industry. The company has grown from a small five-person setup in 1985 to a major service provider with a nationwide presence.
Key Services
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Security Services: Round-the-clock manned guarding, night patrols, fire & safety training, help desk operations, and electronic surveillance.
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Integrated Facility Management: Consolidation of multiple facility contracts under one system, ensuring streamlined operations, higher efficiency, and improved oversight for growing organizations.
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Housekeeping & Payroll Services: Employee database management, attendance, leave & overtime tracking, reimbursement processing, payroll management, and onboarding support for new recruits.
Operational Footprint
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14 Branches strategically located across India to ensure timely service delivery and operational efficiency.
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16,609 employees (including contract staff) as of June 30, 2025, reflecting the scale and depth of operations.
👉 NIS Management stands as a trusted partner for security, facility, and housekeeping solutions, with strong manpower capability, wide branch network, and four decades of industry experience.
NIS Management IPO Details
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Sector: Facility Management |
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| IPO opens on | 25 August 2025 |
| IPO closes on | 28 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5406,000 Shares / Rs 60.01 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 330,000 Shares |
| Net offer to Public | 5076,000 Shares Rs. 56.34 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 105-111 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 3,30,000 (6.10%) |
| QIB Shares Offered | 25,14,000 (46.50%) |
| NII (HNI) Shares Offered | 7,74,000 (14.32%) |
| Retail Shares Offered | 17,88,000 (33.07%) |
| Total Shares Offered | 54,06,000 (100.00%) |
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,66,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,99,600 |
| S-HNI (Max) | 7 | 8,400 | ₹9,32,400 |
| B-HNI (Min) | 8 | 9,600 | ₹10,65,600 |
Who are the Promoters of NIS Management IPO?
The promoters hold 95.99% of the pre-IPO capital
What are the Objects of NIS Management IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+To Meet Working Capital Requirements Rs. 36 Crore
+General Corporate purposes
NIS Management IPO Lead Managers
Share India Capital Services Pvt ltd
| Registered Office of the Company |
| NIS Management Ltd. 01st Floor, Fl-1A(W) 489 Madurdaha, Kalikapur, Kolkata, West Bengal, 700107 |
| Who is the Registrar to the IPO? Maashitla Securities Pvt ltd |
NIS Manamgement Financials Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 255.11 | 247.44 | 225.72 |
| Total Income | 405.33 | 380.06 | 341.93 |
| Profit After Tax | 18.67 | 18.38 | 16.14 |
| EBITDA | 26.3 | 31.12 | 28.32 |
| Net Worth | 152 | 132.94 | 114.55 |
| Reserves and Surplus | 137.14 | 125.97 | 107.57 |
| Total Borrowing | 83.78 | 91.11 | 87.22 |
| Amount in Crore | |||
Performance Indicators
| KPI | Values |
| ROE | 13.10% |
| ROCE | 17.63% |
| Debt/Equity | 0.55 |
| RoNW | 13.10% |
| PAT Margin | 4.64% |
| EBITDA Margin | 6.54% |
| Price to Book Value | 0.61 |
| EPS | 12.15 |
| PER | 9.13 |
How NIS Management IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| NIS Management Limited | 13.1 | |
| Quess Corp Limited | 100.1 | 1.88 |
| Sis Limited | 467.68 | -0.37 |
| Teamlease Services | 29.68 | 12.71 |
# 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.
Review by Paresh Gordhandas, CA & Research Analyst
📝 Chanakya’s Detailed Verdict of NIS Management IPO
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Business Strengths
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40 years of experience in security, facility management, and housekeeping services.
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Trusted manpower-driven model with 16,600+ employees and 14 operational branches across India.
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Broad service portfolio: manned guarding, electronic surveillance, facility integration, and payroll management.
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Financials
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Revenue rose from Rs. 154.92 cr (FY22) → Rs. 245.65 cr (FY25), showing consistent growth.
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Profits improved steadily from Rs. 6.01 cr (FY22) → Rs. 14.12 cr (FY25), nearly 2.5x growth in 3 years.
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Net worth strengthened from Rs. 16.42 cr in FY22 to Rs. 51.44 cr in FY25, reflecting equity buildup.
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Borrowings remain moderate at Rs. 26.87 cr, well within control given the asset base.
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Concerns
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Service sector margins remain thin due to manpower intensity.
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IPO entry price (Rs. 105–111) may not offer much listing premium, especially with high lot size of Rs. 2.52 lakh.
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Business growth is tied closely to industrial activity and corporate spending trends.
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Overall View
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NIS Management is a stable, scalable, and manpower-rich company with consistent growth.
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Long operating history, predictable cash flows, and widening client base add to fundamentals.
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IPO appears reasonably valued for long-term compounding, though listing gains may be limited.
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Investors with medium-to-long horizon can consider subscribing.
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A. Listing gains may be limited due to high lot size and SME nature. The stock is better for stable long-term investment.
A. Solid fundamentals, long history, and strong employee base make it attractive. We recommend it for medium-to-long-term investors.t 8, 2025, and closes on August 12, 2025.
A. Revenue grew from Rs. 154.92 cr (FY22) to Rs. 245.65 cr (FY25). Profits rose steadily to Rs. 14.12 cr. Net worth nearly tripled in 3 years.
A. Thin margins, dependence on manpower costs, and economic cycles could affect growth.
A. Since it’s a BSE SME IPO, the lot size is fixed at 2,400 shares (~Rs. 2.52 lakh), which may limit smaller retail participation.
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