Nisus Finance Services Co IPO Closed
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Schedule of Nisus Finance Services Co
| Issue open date | 04 Dec 2024 |
| Issue close date | 06 Dec 2024 |
| UPI mandate deadline | 06 Dec 2024 (5 PM) |
| Allotment finalization | 09 Dec 2024 |
| Refund initiation | 10 Dec 2024 |
| Share credit | 10 Dec 2024 |
| Listing date | 11 Dec 2024 |
| Mandate end date | 21 Dec 2024 |
| Lock-in end date for anchor investors (50%) | 08 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 09 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Nisus Finance Services Co
Nisus Finance Services Co Limited, established in 2013, operates under the “NiFCO” brand, focusing on Transaction Advisory Services and Fund & Asset Management with an AUM of ₹1,000+ crore (FY24). The company collaborates with developer partners, leveraging a decade of expertise in real estate and urban infrastructure. Recognised with a “Care AIF 1” grading, Nisus Finance emphasises a research-driven approach and strong industry relationships to deliver value across its diversified operations.
Financials of Nisus Finance Services Co
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹114.24 crores |
| Fresh Issue | ₹101.62 crores |
| Offer for Sale | ₹12.61 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Fund setup and management infrastructure | 12.46 (12.27%) |
| Fundraising and distribution costs | 35.90 (35.33%) |
| Investment in Nisus Fincorp Pvt Ltd | 25 (24.6%) |
| General corporate purposes | 28.25 (27.8%) |
Strengths
- Trusted NiFCO brand with a strong market reputation.
- Diversified operations in real estate and asset management.
- A data-driven approach to capitalise on market trends.
- Experienced management team with industry expertise.
- Strong governance ensures compliance and transparency.
Risks
- Involvement in ongoing legal proceedings.
- Business performance is tied to market conditions.
- Reliance on key personnel for operations.
- Exposure to regulatory and policy changes.
- Vulnerable to economic uncertainties and market volatility.