Today marks the opening of the Nisus Finance Services IPO! It will be available for you to buy shares until December 6. The company wants to raise ₹114 crore by selling shares on the NSE SME platform. Here are 10 important things you should know before you decide to invest:
1. What’s the Size of the IPO?
The IPO includes new shares worth ₹101 crore and an offer for sale of 7 lakh shares.
2. Price of Shares
You can buy shares for ₹170 to ₹180 each. You have to buy them in lots of 800 shares.
3. GMP (Grey Market Premium)
The shares are trading in the unlisted market at a premium of ₹50, which is around 28% more than the IPO price.
4. About Nisus Finance Services
Nisus Finance is involved in giving financial advice and managing funds. The company and its subsidiaries focus on money management for real estate and urban projects.
5. Investment Trends
Many investments in the industry go into unlisted shares and debt instruments, with significant amounts also in listed shares.
6. Company Financials
As of June 2024, Nisus Finance earned ₹13.58 crore in total revenue and made a profit of ₹8.3 crore.
7. Why is the IPO Being Offered?
The money raised will help improve services, get more licenses, manage facilities, and support fund activities in locations like Gandhinagar, Dubai, and Mauritius.
8. Who is Managing the IPO?
Beeline Capital Advisors is the lead manager, and Skyline Financial Services is the registrar for this IPO.
9. Who Can Buy?
Almost half (50%) of the shares are for institutional investors, 35% for regular people like you, and 15% for smaller investors.
10. Key Dates to Remember
The IPO opened on December 4 and closes on December 6. Results for who gets shares will be announced on December 9, and shares might start trading on December 11.
(Disclaimer: The opinions shared here are those of the experts and do not necessarily reflect the views of Niftystat.)
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