The IPO of Nisus Finance Services closes for subscription today, December 6, 2024, with its shares commanding a premium in the grey market. On Friday, the shares were trading at ₹245 each, reflecting a ₹65 or 36.11% premium over the IPO’s upper price band of ₹180.
The ₹114.24 crore IPO is priced between ₹170–₹180 per share with a lot size of 800 shares. The issue has seen strong demand, with a subscription rate of 20x by the second day, as per BSE data.
Key Dates:
- Basis of Allotment: December 9, 2024
- Shares Credited to Demat Accounts: December 10, 2024
- Listing Date: December 11, 2024 (on BSE SME platform).
Skyline Financial Services is the registrar, and Beeline Capital Advisors is the sole book-running lead manager for the issue.
Fund Utilization:
The company will use the proceeds to expand its fund setup, acquire licenses, enhance fund management infrastructure in IFSC-GIFT City, Dubai, and Mauritius, and cover general corporate expenses. It will also strengthen the capital base of its NBFC subsidiary, Nisus Fincorp Private.
About the Company:
Established in 2013, Nisus Finance Services operates under the ‘Nisus Finance Group’ and ‘NiFCO’ brands, specializing in transaction advisory services. Its subsidiaries and affiliates focus on real estate fund management and financing solutions.
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