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NIS Management IPO
Price Band
₹105.0–111.0
Issue Size
₹60.01 Cr
Lot Size
1,200 shares
Min Investment
₹266,400
2 LOTS MIN
GMP
—
Issue Price
₹111.0
NIS Management IPO AI Summary
- NIS Management IPO is listed on BSE SME in the Other Consumer Services sector.
- Price band: ₹105.0–₹111.0 per share, lot size 1,200 shares (min. investment ₹266,400, 2 lots minimum).
- Subscription window: 25 Aug–28 Aug 2025, listing on 02 Sep 2025.
NIS Management Limited is a well-established player in the security and facility management sector, with a strong growth trajectory and a commitment to high service standards. The IPO aims to raise funds for working capital and corporate purposes, with a competitive pricing strategy compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
NIS Management IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 Aug 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
NIS Management IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 1985, NIS Management Limited is engaged in the business of security and facility management based in Kolkata. The company offers a range of services, including manned guarding, electronic surveillance, facility management, payroll processing, and housekeeping. The company has experienced significant growth, expanding from a five-person operation in 1985 to a substantial presence in the security services industry. The company has expanded to include 14 branches, strategically positioned to optimize service delivery across diverse locations. The company remains committed to delivering exceptional, locally tailored service with high operational standards. Services: Security Services: Round the clock vigilance, Night Patrol, Fire & Safety Training, Help desk Operation etc. Integrated Facility Management: The company combines all facility contracts and strategies under one system, streamlining operations, improving communication, enhancing efficiency, and offering better oversight for growing organizations. Housekeeping Services: Maintaining master data base of all employees, Entering attendance data, Leaves, Overtime, Monthly Reimbursements, and changes in salary if any, Processing of HR and Pay particulars for new recruits from offer letter etc. As of, June 30, 2025, the company had 16609 numbers of employees including contract labors. Competitive Strengths: Strong Regional Presence and Manpower Sourcing. High Core to Associate Ratio Mobile Application-Based Attendance System QR Code Technology for Employee Monitoring NSDC Certified Training Provider
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 255.11 | 247.44 | 225.72 |
| Total Income | 405.33 | 380.06 | 341.93 |
| Profit After Tax | 18.67 | 18.38 | 16.14 |
| EBITDA | 26.30 | 31.12 | 28.32 |
| NET Worth | 152.00 | 132.94 | 114.55 |
| Reserves and Surplus | 137.14 | 125.97 | 107.57 |
| Total Borrowing | 83.78 | 91.11 | 87.22 |
Key Ratios
EPS
₹12.15
NAV
₹100.59
ROE
13.10%
ROCE
17.63%
RoNW
13.10%
P/B Value
0.61
P/E Ratio
9.13
Market Cap
₹219.78 Cr
PAT Margin
4.64%
Debt/Equity
0.55
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Teamlease Services Limited | 550.36 | 12.71% | 29.68 | 64.86 | 64.86 |
| Sis Limited | 166.79 | -0.37% | 467.68 | 0.82 | 0.81 |
| Quess Corp Limited | 72.92 | 1.88% | 100.1 | 3.08 | 3.07 |
| NIS Management Limited This IPO | 100.59 | 13.1% | — | 12.38 | 12.38 |
Promoters
Debajit Choudhury, Rina Choudhury, Susmita Mukherjee, Debahuti Chatterjee and Nita Dey
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet working capital requirements 36.00 2 General Corporate Purposes 9.56 3 Issue Expenses 7.16 Total 52.72
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹341.93 Cr in the year ended 31 Mar 2023, rising to ₹380.06 Cr by 31 Mar 2024, and further increasing to ₹405.33 Cr by 31 Mar 2025.
Profit Trend
Profit After Tax was ₹16.14 Cr for the year ending 31 Mar 2023, increasing to ₹18.38 Cr by 31 Mar 2024, and further rising to ₹18.67 Cr by 31 Mar 2025.
Valuation
NIS Management Limited has an implied P/E ratio of 9.13 at the issue price, compared to peers like Teamlease Services Limited at 29.68, Sis Limited at 467.68, and Quess Corp Limited at 100.1.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists on the stock exchange. A positive GMP suggests higher demand, while a negative or zero GMP can indicate lower interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed returns may want to avoid IPOs like this, which can be subject to market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on August 25, 2025, and closes on August 28, 2025. Allotment of shares will be done on August 29, 2025, with the listing date set for September 2, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market sentiment, investor demand, and overall market conditions. It's important to consider these factors before investing.
This evaluation is generated from NIS Management's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of NIS Management IPO?
The price band of NIS Management IPO is ₹105.0–₹111.0 per share.
When does NIS Management IPO open and close?
NIS Management IPO opens on 25 August 2025 and closes on 28 August 2025.
When does NIS Management IPO list on the stock exchange?
NIS Management IPO listed on 02 September 2025 at ₹111.0.
What is the lot size for NIS Management IPO?
The lot size for NIS Management IPO is 1200 shares, requiring a minimum investment of ₹266,400 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹105.0 to ₹111.0.
What is the lot size for this IPO?
The lot size for this IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹266,400.
When does the IPO open and close?
The IPO opens on August 25, 2025, and closes on August 28, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Aug 2025
Close
28 Aug 2025
Allotment
29 Aug 2025
Listing
02 Sep 2025
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