Nisus Finance Services Co Limited is coming up with an IPO consisting of a fresh issue of 56,45,600 shares worth INR 101.62 crores and an offer to sell 7,00,800 existing shares worth INR 12.61 crores. The company aims to expand fund infrastructure, enhance distribution, support associates, and address corporate needs. 

Nisus Finance Services IPO – Important Dates 

Nisus Finance Services Co Limited IPO – Company Profile 

Nisus Finance Services Co Limited, promoted by Amit and Mridula Goenka, specializes in Transaction Advisory and Fund & Asset Management through its subsidiaries and associates under the “NiFCO” brand, focusing on real estate financing. 

With a research-driven approach and deep market insight, the company builds strong relationships with diverse stakeholders, managing approximately INR 1000 Crore (FY 2024) in AUM across real estate and urban infrastructure assets. 

Leveraging local market expertise and proprietary data, the company rapidly adapts to market trends, expands client reach, and enhances brand presence while planning fundraising for India, Dubai, GIFT City, and further investment in Nisus Fincorp. 

Nisus Finance Services Co Ltd IPO Fundamental Analysis 

Nisus Finance Services Co Company Limited’s financial analysis reveals a mixed performance. Revenue shows strong growth, equity, and liabilities increase, profitability and EPS improve, RoNW rises, while assets grow but liquidity weakens, indicating potential short-term challenges. 

1. Revenue Trend: The revenue increased from ₹724.21 lakhs in March 2022 to ₹1,129.95 lakhs in March 2023. The revenue for the current year’s 10-month period ending January 2024 is INR 3,077.21 lakh. 

2. Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing. 

3. Profitability: The profit after tax (PAT) has significantly increased from ₹130.88 lakh in March 2022 to ₹1,697.41 lakh by January 2024. This improvement in profitability could be a source of confidence among investors. 

4. Earnings per Share (EPS): The diluted EPS has risen from ₹0.70 in March 2022 to ₹9.04 by January 2024, reflecting higher earnings per share for investors. 

5. Return on Net Worth (RoNW): The RoNW has increased from 20.39% to 64.53%, indicating an increase in the company’s ability to generate returns on shareholder equity. 

6. Financial Position: Total assets have increased, suggesting potential business growth.  However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations. 

Check out the other upcoming IPOs this month:

Nisus Finance Services IPO Financial Analysis 

Nisus Finance Services Co Limited IPO Peer Comparison 

With a unique business model and diversified portfolio, the company has no directly comparable listed peers domestically or internationally, making industry benchmarking challenging given its operations’ distinct scope and scale. 

Nisus Finance Services Co Ltd IPO Objective 

The main objective of Nisus Finance Services Co Limited is to expand fund infrastructure, cover fundraising costs, strengthen distribution in India and internationally, and invest in associate Nisus Fincorp to enhance its capital base. 

1. Augmenting fund setup, additional licenses, facility management services, and fund management infrastructure in IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSC-Mauritius: The company intends to utilize INR 12.37 Crores to establish new funds, acquire licenses, and develop infrastructure in IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius, enhancing fund management and expanding AUM growth potential. 

2. Fundraising cost, distribution, and placement fee to third-party distributors or agents in India and international markets for the creation of a pool of funds: The company plans to utilize INR 21.77 Crores from Net Proceeds to cover distribution fees, supporting the creation of fund pools in Nisus High Yield Growth Fund 1 (GIFT City) and Nisus High Yield Growth Fund (DIFC). 

3. Investment in Associate Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), for augmenting the capital base: The company aims to utilize INR 25 Crores from the Net Proceeds to acquire 25% equity in Nisus Fincorp Private Limited, increasing its shareholding to 51% and invest in compulsory convertible preference shares. 

4. General Corporate Purposes: The company will deploy funds for general corporate purposes, including funding growth opportunities, servicing repayment obligations, capital expenditure, working capital, strategic initiatives, and meeting business expenses or other contingencies. 

Nisus Finance Services IPO Risks And Challenges 

Nisus Finance Services Co Limited’s risk includes ongoing legal proceedings, heavy reliance on critical investors and customers, and intense competition from larger institutions, which may adversely affect financial performance, market share, and growth. 

• The company and its subsidiaries are involved in ongoing legal proceedings in India, which may have adverse financial and reputational impacts, mainly if any decisions result in penalties or litigation related to contractual, employment, or other issues. 

• The company relies heavily on a few key investors and customers, with a significant portion of revenue coming from them. The loss of any key investor or relationship changes could negatively impact business, operations, and revenue. 

• The company faces significant competition from larger institutions in the financing industry, with increasing pressure from securitization, lower fees, and changing market terms. Failure to respond effectively could harm market share, profitability, and growth. 

Nisus Finance Services Co Ltd IPO – Industry & Market Potential 

An Alternative Investment Fund (AIF) is a privately pooled investment vehicle in India that collects funds from sophisticated investors for investment according to a defined policy. It excludes funds regulated by SEBI’s mutual fund or collective investment regulations. 

The real estate sector, encompassing residential, commercial, retail, and hospitality, is vital to the global economy. With a significant housing shortage and growing urbanization in India, the sector holds substantial untapped growth potential. 

The residential real estate segment faced challenges from elevated property prices, stalled projects, and the IL&FS crisis. However, post-COVID-19, demand surged, particularly in affordable housing, with increased NRI investments aided by favorable policies and exchange rates. 

Nisus Finance Services Co Limited IPO – Type of Offer 

Nisus Finance Services Co Limited plans a fresh issue of 56,45,600 shares to expand fund infrastructure, enhance distribution, support associates, and address corporate needs. Additionally, the company proposes an offer to sell 7,00,800 existing shares. 

1. Fresh Issue: The company will issue 56,45,600 new shares to raise capital. The company intends to utilize the proceeds from the fresh issue to expand fund infrastructure, enhance distribution, support associates, and address corporate needs.
2. Offer for sale: Nisus Finance Services Co Limited is offering to sell 7,00,800 existing shares. The following are the details of the existing shareholders who are also the promoters selling the shares:

Nisus Finance Services IPO Offer Size 

The offer size of Nisus Finance Services Co Limited is 114.24 crores, consisting of a fresh issue of 56,45,600 shares worth INR 101.62 crores and an offer to sell 7,00,800 existing shares worth INR 12.61 crores. The company aims to expand fund infrastructure, enhance distribution, support associates, and address corporate needs. 

Nisus Finance Services Co Limited IPO Allotment Structure 

Nisus Finance Services Co Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 351,200 shares are reserved for market makers. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies. 

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

● Market Maker Reservation: A portion of shares, i.e. 351,200 shares, are reserved for market makers. 

How to apply for Nisus Finance Services Co IPO?

To apply for the Nisus Finance Services Co Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Nisus Finance Services Co Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Nisus Finance Services Co Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Nisus Finance Services Co IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Nisus Finance Services Co Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Nisus Finance Services Co Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Nisus Finance Services Co Limited IPO:

● Registrar’s Website: Visit the website of Skyline Financial Services Limited, the registrar of the Nisus Finance Services Co Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Nisus Finance Services Co Ltd IPO Offer Registrar

The registrar for the Nisus Finance Services Co Limited IPO is Skyline Financial Services Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED

D-153A, 1st Floor, Okhla Industrial Area, 

Phase-I, New Delhi,

Delhi– 110020, India

Telephone Number: 011 2681 2683, 

Email Id: [email protected]

Website: www.skylinerta.com 

Nisus Finance Services IPO SME IPO – FAQs