Nisus Finance Services Co’s IPO opens for subscription today
Nisus Finance Services Co Limited (“NIFCO” or “The Company”), a company engaged in Transaction Advisory Services and Fund and Asset Management services, has successfully completed its Anchor book subscription, raising ₹32.21 crore through the sale of 17,89,600 Equity Shares priced at ₹180/- each
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Mumbai, Dec 04: Nisus Finance Services Co Limited (“NIFCO” or “The Company”), a company engaged in Transaction Advisory Services and Fund and Asset Management services, has successfully completed its Anchor book subscription, raising ₹32.21 crore through the sale of 17,89,600 Equity Shares priced at ₹180/- each. This calculated pricing highlights the strong investor confidence in the company's prospects and its position in the market.
A group of marquee investors subscribed to the anchor book, including Chhatisgarh Investments Limited, Negen Undiscovered Value Fund, Alpha Alternatives Financial Services Private Limited, Aarth AIF, NAV Capital VCC - NAV Capital Emerging Star Fund, Nexus Equity Growth Fund- Nexus Equity Growth Fund Sch-1, M7 Global Fund PCC- Nolana, Saint Capital Fund, Next Orbit Growth Fund III, Galaxy Noble Global Opportunities Fund PCC- Luna, and Ashika Global Securities Private Limited.
The Mumbai-headquartered financial services company’s IPO opens for subscription today, December 04, and will conclude on Friday, December 06, 2024. Nisus Finance Services is looking to raise approximately ₹114.24 crore from the offering. The company intends to utilise net proceeds from the Issue to enhance fund setup, obtain additional licenses, and improve facility and fund management infrastructure in key financial hubs like IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius. It also plans to cover fundraising costs and placement fees for domestic and international markets, invest in its Subsidiary Company Nisus Fincorp Private Limited to boost its capital base, and address general corporate purposes.
The price band of the offer is ₹170-180 per Equity Share with a face value of Rs. 10/- apiece. The company’s IPO comprises a fresh issue of 56,45,600 Equity Shares and an offer for sale of up to 7,00,800 Equity Shares with a face value of Rs. 10/- through the book-building route. The lot size of the offer is 800 Equity Shares. Beeline Capital Advisors Private Limited is the Book Running Lead Manager, and Skyline Financial Services Private Limited is the Registrar to the offer.
The company has allotted 17.89 Lakh equity shares for the Anchor investors, 11.94 Lakh equity shares for the QIB portion, 8.96 Lakh equity shares allocated for the NIIs, 3.51 Lakh equity shares for Market Maker, 24,000 equity shares for its employees and the Retail (RII) portion accounts for 20.91 Lakh equity shares.
Nisus Finance Services Co Limited, promoted by Mr. Amit Anil Goenka and Mrs. Mridula Amit Goenka, specializes in real estate financing and capital markets, with over 15 years of experience. Operating under the "Nisus Finance Group" or "NiFCO" brand, the company focuses on Transaction Advisory Services and Fund & Asset Management.
The company’s network includes subsidiaries and associates like Nisus BCD Advisors LLP and Dalmia Nisus Finance Investment Managers LLP, managing Real Estate and Urban Infrastructure Fund and Asset Management operations. Additionally, Nisus Fincorp Private Limited functions as a Non-Banking Finance Company (NBFC) focused on financing.
With a decade-long presence in India and managing assets worth approximately ₹1,012 Crore as of FY 2024, Nisus Finance leverages local market knowledge and proprietary data to deliver superior solutions. The company's strategic execution and industry insights underpin its reputation as a trusted partner in the financial sector.
