Nisus Finance Services IPO to open on December 4; eyes Rs 114 crore

Nisus Finance Services Co Ltd connected Friday said it aims to rise implicit Rs 114 crore done its archetypal nationalist offering (IPO) which volition unfastened for subscription connected December 4.

The issue, with a terms set of Rs 170 to Rs 180 per share, volition reason connected December 6. The anchor publication bidding volition unfastened for a time connected December 3.

The company, which is engaged successful transaction advisory arsenic good arsenic money and plus absorption services, volition database connected the BSE SME platform.

The IPO of 63.46 lakh equity shares comprises caller contented of 56.45 lakh shares and an connection for merchantability (OFS) of 7 lakh shares, the institution said successful a statement.

At the precocious extremity of the terms band, the IPO size has been pegged astatine Rs 114.24 crore.

Proceeds from the contented volition beryllium utilised to heighten money set-up, get further licenses, and amended installation and money absorption infrastructure successful cardinal fiscal hubs similar IFSC-Gift City, DIFC-Dubai and FSC-Mauritius.

It besides plans to screen fundraising costs and placement fees for home and planetary markets, put successful its subordinate institution Nisus Fincorp to boost its superior base, and code wide firm purposes.

"As we hole for our IPO, this milestone marks a important accomplishment for Nisus Finance, highlighting our advancement and advancements successful transaction advisory services and money and plus absorption since our inception," Amit Anil Goenka, Chairman & Managing Director of Nisus Finance Services Co, said.

"The upcoming IPO represents an breathtaking caller section for our company. We judge going nationalist volition thrust the company's maturation by enhancing operational capabilities, expanding marketplace scope and strengthening our fiscal foundation," helium added.

Nisus Finance Services Co Limited specialises successful existent property financing and superior markets with implicit 15 years of experience. It operates nether the "Nisus Finance Group" oregon "NiFCO" brand.
In FY24, the institution recorded a gross of Rs 42.13 crore and a nett aft taxation (PAT) of Rs 22.87 crore. The institution managed assets worthy Rs 1,012 crore arsenic of FY 2024.

Beeline Capital Advisors is the publication moving pb manager to the issue, portion Skyline Financial Services is the registrar to the issue.