The Bombay Stock Exchange (BSE) has approved the Draft Red Herring Prospectus of Nisus Finance Services Co Limited for IPO. The company is going public through an IPO to enhance fund setup, obtain additional licenses, and improve facility and fund management infrastructure in key financial hubs like IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius.
It also plans to cover fundraising costs and placement fees for domestic and international markets, invest in its Associate Company Nisus Fincorp Private Limited to boost its capital base, and address general corporate purposes. The company plans to issue up to 57,80,000 equity shares, as a fresh issue, each with a face value of Rs 10, along with an offer for sale of up to 7,20,000 equity shares, aggregating to a total issue size of up to 65,00,000 equity shares in the forthcoming IPO.
Nisus Finance Services Co Limited, promoted by Amit Anil Goenka and Mridula Amit Goenka, specializes in real estate financing and capital markets, with over 15 years of experience. Operating under the "Nisus Finance Group" or "NiFCO" brand, the company focuses on Transaction Advisory Services and Fund & Asset Management.
Nisus Finance's network includes subsidiaries and associates like Nisus BCD Advisors LLP, Nisus Finance & Investment Managers LLP, Nisus Finance International Advisors IFSC LLP, Nisus Finance Investment Consultancy FZCO and Dalmia Nisus Finance Investment Managers LLP, managing Real Estate and Urban Infrastructure Fund and Asset Management operations. Additionally, Nisus Fincorp Private Limited functions as a Non-Banking Finance Company (NBFC) focused on financing. With a decade-long presence in India and managing AUM worth approximately INR 1000 Crore as of FY 2024.
For the period ended 31st January 2024, The company reported Revenue of Rs 3,077.21 Lakhs and EBITDA of Rs 2,459.95 Lakhs & PAT Rs 1,687.96 Lakhs.
Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while Skyline Financial Services Private Limited will serve as the Registrar to the Issue.
