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Nisus Finance Services IPO
Price Band
₹170.0–180.0
Issue Size
₹114.24 Cr
Lot Size
800 shares
Min Investment
₹144,000
GMP
+₹95.0 (52.78%)
Issue Price
₹180.0
Subject to Sauda
₹57800
Paid only if allotted
Nisus Finance Services IPO AI Summary
- Nisus Finance Services IPO is listed on BSE SME in the Holding Company sector.
- Price band: ₹170.0–₹180.0 per share, lot size 800 shares (min. investment ₹144,000).
- Subscription window: 04 Dec–06 Dec 2024, listing on 11 Dec 2024.
- Current GMP is +₹95.0 (52.78%), an estimated listing price of ₹275 — unofficial and can change daily.
Nisus Finance Services is a financial services holding company with a diverse range of offerings and a strong brand presence. The upcoming IPO aims to raise funds for expanding its operations and enhancing its capital base. Investors should carefully consider their risk appetite and investment goals when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Nisus Finance Services IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 06 Dec 2024 — 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
Nisus Finance Services IPO Grey Market Premium (GMP) Today
GMP
+₹95.0
GMP %
+52.78%
Est. Listing
₹275.0
Updated: 25 Jul 2026 14:02
About the Company
Founded in 2013, Nisus Finance Services Co Limited offers financial services such as Transaction Advisory Services, Fund and Asset Management, Private Equity and Venture Debt and Capital Solutions to Corporate Clients. Nisus Finance Services has two business segments: 1. Transaction Advisory Services: assist and support the partners in transactions such as outright sales, joint ventures, joint development, capital structuring etc. The company helps businesses connect with private equity funds, risk capital providers, and financial institutions to support their growth. The company also offer advice on corporate real estate matters, helping to structure and finalize transactions efficiently. 2. Fund and Asset Management: includes providing growth capital, project financing, or special situation funding to developers, and asset management for Alternative Investment Funds focused on the real estate and infrastructure sector. As of date, we manage four schemes under the subsidiaries, step-down subsidiaries, and associate companies through SEBI, IFSC, and DIFC-registered AIFs, which include: Real Estate Special Opportunities Fund – 1 Real Estate Credit Opportunities Fund – 1 Nisus High Yield Growth Fund – 1 Nisus High Yield Growth Fund Closed-Ended The company's main sources of revenue are fund management fees earned by the fund manager/advisor entities for managing AIF fund pools. Assets Under Management (AUM): Approximately Rs 1,000 crore (FY2024) across real estate and urban infrastructure. Office Network: Three offices, including two in India and one international, as of January 31, 2024. Competitve Strengths: A well-established, credible and customer-focused NiFCO brand. Diversified Business Model. Ability to identify emerging market trends on time. Strong Management and distinctive people and culture. Prudent governance, risk management, and internal control frameworks. As of January 31, 2024, the company employed 24 people in the Nisus Group (NiFCO).
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 58.36 | 49.03 | 31.06 | 20.77 |
| Total Income | 15.01 | 42.25 | 11.54 | 7.50 |
| Profit After Tax | 8.36 | 23.05 | 3.02 | 1.29 |
| NET Worth | 38.77 | 31.30 | 9.39 | 6.39 |
| Reserves and Surplus | 22.36 | 31.19 | 8.32 | 5.32 |
| Total Borrowing | 6.64 | 7.27 | 18.14 | 10.42 |
Key Ratios
EPS
₹12.64
NAV
₹17.17
ROE
109.83%
ROCE
101.63%
RoNW
73.09%
P/B Value
10.48
P/E Ratio
14.24
Market Cap
₹429.81 Cr
PAT Margin
54.30%
Debt/Equity
0.23
Promoters
Amit Anil Goenka and idula Amit Goenka
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 Augmenting fund setup, additional licenses, facility management services and fund management infrastructure in IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSC-Mauritius. 12.46 2 Fund raising cost, distribution and placement fee to third party distributors or agents in India and/or international markets for creation of pool of funds 35.91 3 Investment in Subsidiary Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), for augmenting the capital base 25.00 4 General Corporate Purposes 22.26
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹7.50 Cr in the period ending 31 Mar 2022, increasing to ₹11.54 Cr by 31 Mar 2023, and further rising to ₹42.25 Cr by 31 Mar 2024. However, in the most recent period ending 30 Jun 2024, Total Income was ₹15.01 Cr, which is lower than the previous full year figure, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.29 Cr in the period ending 31 Mar 2022, increasing to ₹3.02 Cr by 31 Mar 2023, and further rising to ₹23.05 Cr by 31 Mar 2024. In the latest period ending 30 Jun 2024, Profit After Tax was ₹8.36 Cr, which is lower than the previous full year figure, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the likely listing price of an IPO. It reflects the demand and supply dynamics of the shares before they are officially listed on the stock exchange. A high GMP suggests strong demand for the shares, while a low or negative GMP indicates weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is important to consider the company's financial health, market position, and growth potential before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO. Additionally, individuals looking for immediate returns may find the inherent risks of IPO investments unsuitable.
IPO Timeline, Explained
The IPO opens for subscription on December 4, 2024, and closes on December 6, 2024. Allotment of shares will be done on December 9, 2024, and the shares are expected to be listed on the stock exchange on December 11, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Nisus Finance Services'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 Nisus Finance Services IPO GMP today?
Nisus Finance Services IPO GMP today is +₹95.0 (52.78%), indicating an estimated listing price of ₹275. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Nisus Finance Services IPO?
The price band of Nisus Finance Services IPO is ₹170.0–₹180.0 per share.
When does Nisus Finance Services IPO open and close?
Nisus Finance Services IPO opens on 04 December 2024 and closes on 06 December 2024.
When does Nisus Finance Services IPO list on the stock exchange?
Nisus Finance Services IPO listed on 11 December 2024 at ₹275.0.
What is the lot size for Nisus Finance Services IPO?
The lot size for Nisus Finance Services IPO is 800 shares, requiring a minimum investment of ₹144,000.
What is the price band for the IPO?
The price band for the IPO is ₹170 to ₹180.
What is the minimum investment required?
The minimum investment required is ₹144,000 for a lot size of 800 shares.
When is the listing date for the shares?
The shares are expected to be listed on December 11, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO shares in the grey market.
Who are the lead managers for the IPO?
The lead manager for the IPO is Beeline Capital Advisors Pvt. Ltd.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Dec 2024
Close
06 Dec 2024
Allotment
09 Dec 2024
Listing
11 Dec 2024
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