Mumbai-based Nisus Finance Services Co., a prominent player in urban infrastructure financing and private capital market transactions, has announced its Rs.114.24 crore SME Initial Public Offering (IPO). The public issue is set to open on December 4, 2024, and close on December 6, 2024. Shares will be listed on the BSE SME platform, with the price band for the equity shares set at Rs 170-180 per share of Rs.10 face value.
Nisus Finance Services Co. IPO Details
The Nisus Finance IPO includes a fresh issue of equity shares worth Rs 101.62 crore and an offer for the sale of shares valued at Rs 12.62 crore. The company plans to utilize the net proceeds from the fresh issue to:
- Strengthen its fund set up.
- Obtain additional licenses to expand its operations.
- Enhance its facility and fund management infrastructure in strategic financial hubs, including IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius.
- Invest in its subsidiary, Nisus Fincorp, to bolster its capital base.
- Cater to general corporate purposes.
About Nisus Finance Services Co.
With assets under management (AUM) of approximately Rs.1,012 crore as of FY 2024, Nisus Finance specializes in real estate and urban infrastructure financing, along with capital market solutions. The company’s expertise and focus on structured finance have positioned it as a key player in India’s urban infrastructure sector.
Subsidiary: Nisus Fincorp
Nisus Fincorp, a wholly owned subsidiary of Nisus Finance, is a Reserve Bank of India (RBI)-registered non-banking financial company (NBFC). The subsidiary focuses on providing financial solutions across SME finance, real estate finance, and venture debt finance. By investing in Nisus Fincorp, the company aims to strengthen its foothold in these segments and cater to the growing demand for alternative financing solutions.
Growth Strategy and Vision
Nisus Finance’s strategic vision encompasses expanding its presence in international financial hubs, enhancing its fund management capabilities, and offering robust financial solutions tailored to the dynamic needs of the urban infrastructure and SME sectors. This IPO is a pivotal step in the company’s journey to scale its operations and capitalize on emerging opportunities in both domestic and international markets.
With a strong track record and a focused growth strategy, Nisus Finance Services Co. is poised to attract significant interest from investors seeking exposure to the rapidly growing urban infrastructure and private capital market sectors.
