Nisus Finance Services Co Ltd said it aims to raise over Rs 114 crore through its initial public offering (IPO), which will open for subscription on December 4.
The issue, with a price band of Rs 170 to Rs 180 per share, will close on December 6. Anchor book bidding will open for one day on December 3.

The company, which is engaged in transaction advisory as well as fund and asset management services, will be listed on the BSE SME platform.



The IPO of 63.46 lakh equity shares comprises a fresh issue of 56.45 lakh shares and an offer for sale (OFS) of 7 lakh shares, the company said in a statement.

At the upper end of the price band, the IPO size has been pegged at Rs 114.24 crore.

The proceeds from the issue will be used to enhance the fund set-up, obtain additional licenses, and improve the facility and fund management infrastructure in key financial Icenters such as IFSC-GIFT City, DIFC-Duba, i, and FSC-Mauritius.

It also plans to cover the cost and placement fees of raising funds for domestic and international markets, invest in its subsidiary Nisus Fincorp to increase its capital base, and address general corporate purposes.

Amit Anil Goenka, Chairman and Managing Director, of Nisus Finance Services Company said, "As we prepare for our IPO, this milestone is a significant achievement for Nisus Finance, reflecting our progress and advancement in transaction advisory services and fund and asset management since our inception."

He added, "The upcoming IPO represents an exciting new chapter for our company. We believe going public will accelerate the company's growth by enhancing operational capabilities, expanding market reach, and strengthening our financial foundation."

Nisus Finance Services Company Limited specializes in real estate financing and capital markets with over 15 years of experience. It operates under the brand "Nisus Finance Group" or "NIFCO".

In FY24, the company reported a revenue of Rs 42.13 crore and a profit after tax (PAT) of Rs 22.87 crore. The company manages assets worth Rs 1012 crore by FY24.

Beeline Capital Advisors is the book-running lead manager to the issue, while Skyline Financial Services is the registrar of the issue.