Nisus Finance Services Co Limited (“Nisus Finance”) is redefining financial solutions with its focus on urban infrastructure and innovative investment strategies. With the announcement of its much-anticipated IPO, the company is poised to cement its position as a leader in real estate, infrastructure financing, and private equity solutions. This article provides a detailed exploration of Nisus Finance, its offerings, financials, and the dynamics of its IPO.
About Nisus Finance Services Co Limited
Founded in 2013, Nisus Finance Services Co Limited specializes in providing innovative financial services, including:
- Transaction Advisory Services:
- Assists in transactions like outright sales, joint ventures, capital structuring, and corporate real estate matters.
- Connects businesses with private equity funds and financial institutions to accelerate growth.
- Fund and Asset Management:
- Offers growth capital, project financing, and asset management for Alternative Investment Funds (AIFs).
- Focuses on real estate and urban infrastructure, managing multiple schemes under SEBI, IFSC, and DIFC-regulated AIFs.
Assets Under Management (AUM)
- AUM (FY2024): ₹1,000 crore, highlighting a robust portfolio in real estate and urban infrastructure.
Office Network
- Operates three offices: Two in India and one international.
Competitive Strengths
- Credible NiFCO brand.
- Diversified business model.
- Proficient in identifying emerging market trends.
- Strong governance and risk management frameworks.
Nisus Finance IPO Details
The Nisus Finance IPO opened on December 4, 2024, and closes on December 6, 2024. It is a book-built issue of ₹114.24 crore, comprising:
- Fresh Issue: 56.46 lakh shares (₹101.62 crore).
- Offer for Sale: 7.01 lakh shares (₹12.61 crore).
Key IPO Information:
- Price Band: ₹170 – ₹180 per share.
- Lot Size: Minimum 800 shares.
- Investment Required: ₹1,44,000 for retail investors (minimum).
Subscription Status
As of December 6, 2024:
- Total Subscription: 192.29x.
- Retail Category: 139.78x.
- QIB Category: 93.84x.
- NII Category: 451.21x.
Timeline
- Bidding Period: December 4-6, 2024.
- Allotment Date: December 9, 2024.
- Listing Date: December 11, 2024 (BSE SME).
The company, offering financial services since 2013, is valued at ₹429.81 crore. Despite inherent risks in the SME segment, Nisus Finance targets long-term investors with its strong fundamentals.
Financial Performance
Nisus Finance has demonstrated exceptional growth:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Lakhs) | 5,835.66 | 4,903.31 | 3,106.22 | 2,077.43 |
| Revenue (₹ Lakhs) | 1,500.53 | 4,224.92 | 1,153.83 | 749.51 |
| PAT (₹ Lakhs) | 835.72 | 2,305.29 | 302.02 | 129.43 |
| Net Worth (₹ Lakhs) | 3,876.66 | 3,129.80 | 938.95 | 638.90 |
Key Metrics (FY2024):
- ROE: 109.83%.
- ROCE: 101.63%.
- Debt/Equity Ratio: 0.23.
- PAT Margin: 54.3%.
- P/BV Ratio: 10.48.
Peer Comparison
Nisus Finance outshines many of its competitors, leveraging its niche focus on real estate and urban infrastructure financing.
Objects of the IPO
The proceeds from the IPO will be utilized for:
- Establishing additional fund management infrastructure in IFSC-Gandhinagar, DIFC-Dubai, and FSC-Mauritius.
- Funding distribution and placement fees.
- Capital augmentation of Nisus Fincorp Private Limited (RBI-registered NBFC).
- General corporate purposes.
Investment Highlights
Managed Funds
- Real Estate Special Opportunities Fund – 1:
- Focuses on mid-to-last-mile investments in real estate.
- Instruments: Senior secured debt, mezzanine debt, and quasi-equity.
- Real Estate Credit Opportunities Fund – 1:
- Targets late-stage mid-income housing projects.
- High Yield Growth Fund:
- Invests in rent-yielding assets in GCC and EMEA regions.
Market Opportunity
- Urban population to reach 600 million by 2036 (Source: World Bank).
- Real estate financing gap estimated at $300 billion (NITI Aayog).
Leadership and Philosophy
Amit Goenka, Chairman & Managing Director of Nisus Finance, emphasizes the company’s belief in “infinite possibilities” and its focus on delivering value through ethics, innovation, and long-term impact. The company’s logo symbolizes this vision, merging the infinity symbol (∞) with the letter “N.”
Nisus Finance’s strong financial performance, niche market focus, and innovative investment strategies position it as a compelling investment opportunity. With robust subscription numbers and high demand in key categories, the IPO is likely to generate significant interest.
Investors with a medium to long-term horizon may consider this IPO as a means to participate in the growth of India’s urban infrastructure and real estate sectors.
Disclaimer: Please conduct independent research and consult financial advisors before making investment decisions.
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