look news india
Nisus Finance SME IPO: Another company’s IPO entry is going to happen in the IPO market. The name of this company is Nisus Finance Services. This IPO, which opened on December 4, is getting a strong response in the gray market. The special thing is that the IPO will close on 6 December.
What is the price band?
The price band of Nisus Finance Services IPO has been fixed at Rs 170-180 per share. Talking about gray market, the premium of IPO is Rs 50. In this context, the listing of IPO will be Rs. Can be done in 230. This represents a premium of approximately 28% over the issue price.
IPO details
Nisus Finance Services intends to raise Rs 101.6 crore through fresh issue and Rs 12.6 crore through sale of 7 lakh shares. Promoter Amit Anil Goenka will sell his shares under offer-for-sale. One lot of IPO consists of 800 shares. An investor will have to invest Rs 1,44,000 for one lot. Importantly, this will be the first IPO in the SME segment in December and the 11th IPO of size above Rs 100 crore in a calendar year.
About the company promoted by Amit Goenka and his wife Mridula Goenka
the company provides real estate and urban infra and asset management. It also has an NBFC subsidiary, Nisus Fincorp. The Mumbai-based company will use the IPO proceeds for fund setup, additional licenses, facility management services and fund management infrastructure at IFSC-GIFT City (Gandhinagar), DIFC-Dubai (UAE) and FSC-Mauritius. The remaining proceeds will be used to increase the capital base of Nisus Fincorp and for general corporate purposes. To you
Let us tell you that investors can start trading in Nisus shares on BSE SME platform from December 11. Beeline Capital Advisors is therefore the sole book running lead manager to the issue.