NIS Management IPO
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Schedule of NIS Management
| Issue open date | 25 Aug 2025 |
| Issue close date | 28 Aug 2025 |
| UPI mandate deadline | 28 Aug 2025 (5PM) |
| Allotment finalization | 29 Aug 2025 |
| Refund initiation | 01 Sep 2025 |
| Share credit | 01 Sep 2025 |
| Listing date | 02 Sep 2025 |
| Mandate end date | 12 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 28 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 27 Nov 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 NIS Management
Founded in 1985 and based in Kolkata, NIS Management Limited provides integrated security and facility management services—covering security guard deployment, electronic security, housekeeping, payroll accounting, and more—across 14 Indian states. It also operates skill-development initiatives and software-driven workforce management through subsidiaries. The company serves a diverse client base including government institutions, PSU bodies, airports, and major retail and hospitality brands.
Financials of NIS Management
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹60.01 crores |
| Fresh Issue | ₹51.75crores |
| Offer for sale | ₹8.26 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirement | 40 (77%) |
| General corporate purposes | 8.09 (15.63%) |
| Miscellaneous | 3.66 (7.07%) |
Strengths
- Deep regional presence across multiple Indian states.
- Longstanding client relationships with diversified service offerings.
- Consistent financial growth in revenue and profitability.
- Skilled workforce supported by structured training programs.
- Improving debt indicators and conservative capital structure.
Risks
- Heavy revenue concentration in West Bengal.
- High working-capital intensity with elevated receivables.
- Intense competition pressuring contract renewals and margins.
- Margins vulnerable to wage-driven pricing models.
- Operations exposed to delays in receivable collections.
Allotment Status for NIS Management
To check your allotment status – click here.