Nisus Finance Services Co Limited IPO

Founded in 2013, Nisus Finance Services Co Limited offers financial services such as Transaction Advisory Services, Fund and Asset Management, Private Equity and Venture Debt and Capital Solutions to Corporate Clients.

Nisus Finance Services has two business segments:

1. Transaction Advisory Services: assist and support the partners in transactions such as outright sales, joint ventures, joint development, capital structuring etc. The company helps businesses connect with private equity funds, risk capital providers, and financial institutions to support their growth. The company also offer advice on corporate real estate matters, helping to structure and finalize transactions efficiently.

2. Fund and Asset Management: includes providing growth capital, project financing, or special situation funding to developers, and asset management for Alternative Investment Funds focused on the real estate and infrastructure sector. As of date, we manage four schemes under the subsidiaries, step-down subsidiaries, and associate companies through SEBI, IFSC, and DIFC-registered AIFs, which include:

  1. Real Estate Special Opportunities Fund – 1
  2. Real Estate Credit Opportunities Fund – 1
  3. Nisus High Yield Growth Fund – 1
  4. Nisus High Yield Growth Fund Closed-Ended

The company’s main sources of revenue are fund management fees earned by the fund manager/advisor entities for managing AIF fund pools.

Assets Under Management (AUM): Approximately Rs 1,000 crore (FY2024) across real estate and urban infrastructure.

Office Network: Three offices, including two in India and one international, as of January 31, 2024.

Competitve Strengths:

  • A well-established, credible and customer-focused NiFCO brand.
  • Diversified Business Model.
  • Ability to identify emerging market trends on time.
  • Strong Management and distinctive people and culture.
  • Prudent governance, risk management, and internal control frameworks.

As of January 31, 2024, the company employed 24 people in the Nisus Group (NiFCO).

 

Nisus Finance Services Co Limited Financial Information (Restated Consolidated)

Nisus Finance Services Co Limited’s revenue increased by 266.16% and profit after tax (PAT) rose by 663.29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets5,835.664,903.313,106.222,077.43
Revenue1,500.534,224.921,153.83749.51
Profit After Tax835.722,305.29302.02129.43
Net Worth3,876.663,129.80938.95638.90
Reserves and Surplus2,236.203,119.19831.70531.65
Total Borrowing663.83726.501,813.501,041.56
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Nisus Finance Services IPO is Rs 429.81 Cr.

KPI as of March 31, 2024.

KPIValues
ROE109.83%
ROCE101.63%
Debt/Equity0.23
RoNW73.09%
P/BV10.48
PAT Margin (%)54.3
 Pre IPOPost IPO
EPS (Rs) 12.6414
P/E (x) 14.2412.86
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (Nisus Finance Services IPO Objectives)

The Net Proceeds will be utilized towards the following objectives:

  1. Augmenting fund setup, additional licenses, facility management services, and fund management infrastructure in IFSCGift City (Gandhinagar), DIFC-Dubai (UAE), and FSC-Mauritius.
  2. Fund raising cost, distribution, and placement fee to third-party distributors or agents in India and/or international markets for the creation of a pool of funds.
  3. Investment in Associate Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), to augment the capital base.
  4. General Corporate Purposes.

Nisus Finance Services IPO Details

IPO DateDecember 4, 2024 to December 6, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹170 to ₹180 per share
Lot Size800 Shares
Total Issue Size6,346,400 shares
(aggregating up to ₹114.24 Cr)
Fresh Issue5,645,600 shares
(aggregating up to ₹101.62 Cr)
Offer for Sale700,800 shares of ₹10
(aggregating up to ₹12.61 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share holding pre issue18,232,500
Share holding post issue23,878,100
Market Maker portion351,200 shares

Nisus Finance Services IPO Promoter Holding

Amit Anil Goenka and Mridula Amit Goenka are the company's promoters.

Share Holding Pre Issue99.74%
Share Holding Post Issue73.22%

SHARIAH SCREENING for - Nisus Finance Services Co Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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