The Nisus Finance Services IPO, one of the most awaited offerings of the season, has garnered immense interest from investors across categories. With an impressive subscription rate and a robust grey market premium (GMP), this IPO has set the stage for an exciting debut on the stock market. Here’s a detailed breakdown of the IPO allotment status, GMP trends, and the listing date.
IPO Details at a Glance
| Key Metrics | Details |
|---|---|
| Issue Type | Book-Building IPO |
| Price Band | ₹170 – ₹180 per share |
| Lot Size | 800 shares |
| IPO Dates | Dec 4, 2024 – Dec 6, 2024 |
| Total Issue Size | ₹114.24 crore |
| Fresh Issue Size | ₹101.62 crore |
| Offer for Sale (OFS) | ₹12.61 crore (7,00,800 shares) |
| Listing Exchange | BSE SME |
Subscription Details
The IPO witnessed an overwhelming response across investor categories:
| Investor Category | Subscription Rate |
|---|---|
| Non-Institutional Investors (NII) | 451.21x |
| Retail Investors (RII) | 139.78x |
| Qualified Institutional Buyers (QIB) | 93.84x |
| Overall Subscription | 192.29x |
This stellar subscription rate highlights strong demand, particularly among non-institutional and retail investors.
Grey Market Premium (GMP) Updates
The grey market premium (GMP) for Nisus Finance Services IPO has been fluctuating but remains promising:
- Current GMP: ₹75-80 per share
- Listing Gains Prediction: 42-45%
GMP trends suggest positive sentiment around the stock, with investors anticipating significant gains upon listing. However, GMP is unofficial and may not fully reflect the stock’s actual performance.
Allotment Status: How to Check
The IPO allotment status will be finalized on December 9, 2024. Investors can check their allotment status via:
BSE Website
- Visit the BSE IPO Allotment Status.
- Select “Equity” under the issue type.
- Choose “Nisus Finance Services Co Limited” from the dropdown menu.
- Enter your application number and PAN ID.
- Verify using “I am not a Robot” and hit “Search.”
Registrar’s Website
The registrar for this IPO is Skyline Financial Services Private Limited. Follow these steps:
- Visit the Skyline RTA website.
- Click on the “Public Issues” section.
- Select “Nisus Finance Services Co Limited.”
- Enter your application number, PAN, or DP ID/Client ID.
- Click “Search” to view your allotment status.
Listing Date and Market Maker
The shares are set to list on the BSE SME platform on December 11, 2024. Spread X Securities is the market maker for the issue, ensuring liquidity and stability during the initial trading days.
About Nisus Finance Services
Founded in 2013, Nisus Finance Services Co. is a Mumbai-based financial services provider specializing in:
- Transaction Advisory Services:
- Assists corporate clients with M&A deals, restructuring, and strategic planning.
- Fund and Asset Management:
- Manages private equity, venture debt, and other capital solutions.
With a solid reputation and a diverse client base, Nisus Finance is well-positioned for growth in India’s financial services sector.
Key Highlights of the IPO
- Strong Fundamentals: The company’s focus on niche financial services and a growing client base underscores its potential for long-term success.
- Investor Confidence: High subscription rates, particularly in the NII and retail categories, reflect robust investor interest.
- Growth Prospects: The proceeds from the IPO will primarily be used for business expansion and debt reduction.
Investment Considerations
While the IPO shows promise, investors should consider the following:
Pros:
- High subscription rates and positive GMP.
- Growth-oriented business model.
- Strong presence in the financial services sector.
Cons:
- Being an SME IPO, it carries higher volatility.
- Regulatory changes in the financial sector could impact profitability.
Conclusion
The Nisus Finance Services IPO has created significant buzz, thanks to its impressive subscription rates and grey market premium. With the allotment date approaching, investors eagerly await the stock’s listing on December 11, 2024. Whether you’re an experienced investor or a newcomer, this IPO offers an exciting opportunity to participate in India’s thriving financial services sector.
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Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Always consult with a financial advisor before investing in IPOs or stock markets.
