Public subscriptions for Nisus Finance Services' IPO (initial public offer) will be accepted from Wednesday, December 4, through Friday, December 6.
IPO size and structure
New equity shares valued at Rs 101.62 crore and an offer-for-sale valued at Rs 12.61 crore make up the Rs 114.24 crore issue.
Half of the net issue has been set aside by the company for eligible institutional buyers, while 35 per cent is for retail investors and 15 per cent is for non-institutional investors.
Price band and minimum bid
A price range of Rs 170 to Rs 180 per share has been established. With 800 shares in the lot size for the BSE SME IPO, the total transaction value is Rs 144,000 for retail individuals. The minimum investment for high-net-worth individuals (HNIs) is Rs 2,88,000 for two lots.
Subscription and listing timetable
On Wednesday, December 4, Nisus Finance Services' initial public offering (IPO) will open and subscription period will end on Friday, December 6. The share allocation status will be finalised by Monday, December 9.
Successful bidders will also receive shares in their demat accounts on the same day, and unsuccessful bidders will start receiving refunds on Tuesday, December 10, after the share allocation is finished. The BSE SME exchange will list Nisus Finance Services’ stock. The IPO listing is scheduled for Wednesday, December 11.
Registrar and book-running lead manager
The IPO's market maker is Spread X Securities, the registrar is Skyline Financial Services, and the book-running lead manager is Beeline Capital Advisors.
Utillisation of IPO proceedings
The funds will be used for general corporate purposes, to increase Nisus Fincorp's capital base, and to enhance fund setup, facility management services, additional licenses, and fund management infrastructure in IFSC-Gift City (Gandhinagar), FSC-Mauritius, and DIFC-Dubai (UAE).
About company
Nisus Finance Services and its affiliates provide fund and asset management services as well as transaction advisory services. The business, along with its affiliates and subsidiaries, operates under the 'Nisus Finance Group' or 'NiFCO' brand.
