he Nisus Finance Services IPO is an SME IPO aiming to raise ₹114.24 crore. Here are the key details:
IPO Schedule:
- Opening Date: December 4, 2024
- Closing Date: December 6, 2024
- Allotment Date: December 9, 2024
- Listing Date: December 11, 2024
- Exchange: BSE SME Platform
Pricing and Lot Size:
- Price Band: ₹170 to ₹180 per equity share
- Lot Size: 800 shares (minimum investment of ₹144,000)
Issue Structure:
- Total Issue Size: 6.5 million shares (₹114.24 crore)
- Fresh Issue: 5.78 million shares
- Offer for Sale: 720,000 shares
- Investor Allocation:
- QIB (Qualified Institutional Buyers): 50%
- NII (Non-Institutional Investors): 15%
- Retail Investors: 35%
Company Overview:
Nisus Finance Services, operating under the NiFCO brand, specializes in real estate asset management, transaction advisory, and fund management. Their expertise includes private equity, structured credit, and pre-let commercial spaces. They have operations in India and internationally in Dubai, Mauritius, and IFSC (GIFT City).
Financial Performance:
- Revenue Growth: From ₹11.54 crore in FY23 to ₹42.25 crore in FY24
- Profit Growth: From ₹3.02 crore in FY23 to ₹23.05 crore in FY24
- Key Ratios (FY24):
- ROE: 109.83%
- PAT Margin: 54.30%
- Debt-to-Equity Ratio: 0.23
Use of Proceeds:
- Fund infrastructure expansion in India and abroad.
- Strengthen its NBFC arm, Nisus Fincorp.
- General corporate purposes.
This IPO might appeal to high-risk investors due to its high-growth SME profile. As always, consult a financial advisor before investing.