NIS Management Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹111
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,33,200
Issue Size
₹60.01 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.22%
QIB Quota
49.53%
NII Quota
15.25%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
NIS Management Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
95.99%
Promoter Holding (Post-Issue)
69.63%
Issue Type
Book Building - SME
ISIN
INE0M3X01010
About the Company
NIS Management Limited was started in Kolkata in the year 1985 by Mr. Debajit Choudhury as a sole proprietorship focused on providing security guards and investigation services. Gradually, the company grew with contracts from esteemed organizations and some other major groups. Mrs. Rina Choudhury joined the business in the mid-1990s after her marriage to Mr. Debajit Choudhury. She started looking after the facility management division.
Industry Overview
In Fiscal 2023, the Indian outsourced integrated facility management market was estimated to be Rs.980.8 billion. The outsourced integrated facility management market in India is expected to grow at a CAGR of 14.6% between Fiscals 2023- 2028, with a potential market size of Rs.1,935.88 billion. The staffing and payroll management services market size in Fiscal 2023 is estimated at Rs.729 billion, with expected growth at a CAGR of 20.1% from Fiscals 2023-2028. The private security and manned guarding services market in India is valued at Rs.1,500 billion in Fiscal 2023, expected to grow at a CAGR of 20.0% from Fiscal 2023-2028.
Company History
Our Company was originally incorporated as "NIS Management Private Limited" under the Companies Act, 1956, with a Certificate of Incorporation dated March 23, 2006, issued by the Registrar of Companies, West Bengal. On June 18, 2018, the Company was converted to a Public Limited Company following a resolution passed at an Extra-ordinary General Meeting. The Company's name was subsequently changed to "NIS Management Limited," and a fresh Certificate of Incorporation was issued on June 27, 2018, reflecting this change. The Corporate Identification Number is U74920WB2006PLC108679.
Growth Strategy
- Retain, strengthen, and grow customer base with a focus on deepening relationships with existing customers.
- Grow Market Share in Key Segments.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 54,06,000 equity shares of face value of Rs. 10/- each ("equity shares") of NIS Management Limited ("NIS" or the "company") for cash at price of Rs. 111/- per equity share (including a share premium of Rs. 101/- per equity share) (the "offer price"), aggregating to Rs. 60.01 crores ("the offer"), comprising a fresh issue of 46,62,000 equity shares aggregating to Rs. 51.75 crores (the "fresh issue") and an offer for sale of 7,44,000 equity shares (the "offered shares") of face value of Rs. 10/- each by Debajit Choudhury; (the "selling shareholder") aggregating to Rs. 8.26 crores, out of which 3,30,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 111/- per equity share for cash, aggregating Rs. 3.66 crores will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The offer less market maker reservation portion i.e. net offer of 50,76,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 111/- per equity share for cash, aggregating to Rs. 56.34 crores is hereinafter referred to as the "net offer". The offer and net offer will constitute 27.30% and 25.64% respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established presence and proven track record.
- Decent order book with a government client base.
- Continuous Focus on equipment ownership.
- Strong financial performance.
- Experienced Promoters and Strong Senior Management Expertise.
- A significant portion of the company Total Revenue is attributable to the state of West Bengal.
- The company Revenue from the Security Division and Housekeeping Division contributes significantly to its revenue from operation any loss of business from such services may adversely affect the company revenues and profitability.
- There are outstanding legal proceedings. Any adverse outcome in any of these proceedings may adversely affect the company reputation, business, financial condition and results of operations.
- The company has a large workforce deployed across workplaces and customer premises, consequently its may be exposed to service related claims and losses or employee disruptions that could have an adverse effect on the company reputation, business, results of operations and financial condition.
- The company lenders have charge over the company movable and immovable properties in respect of finance availed by it and the Directors have provided their personal guarantee for such debt facility availed by it.