Nisus Finance Services Co IPO Date, Price, Review, Details
Company
| Nisus Finance
Services Co Limited
|
---|---|
Sector
| Financial Services
|
Promoter Holding -
Pre IPO
| 99.74%
|
Promoter Holding -
Post IPO
| 73.22%
|
Dilution (%)
| 26.52%
|
Fresh Issue
| 5,645,600 Shares - INR
101.62 Cr
|
OFS
| 700,800 Shares - INR
12.61 Cr
|
Offer Size
| INR 114.24 Cr
|
Price Band
| INR 170 - 180 per Share
|
Cost for One Lot
| INR 1,44,000
|
No. of shares
Post-IPO
| 23,878,100 Shares
|
Market Cap
| INR 430 Cr
|
FY22 Profit
| INR 1.5 Cr
|
FY23 Profit
| INR 3 Cr
|
FY24 Profit
| INR 23 Cr
|
Q1FY25 Profit
| INR 8.5 Cr
|
P/E
| 17x
|
Last Year Sales
Growth
| 41%
|
Opening Date | 4th December 2024
|
Closing Date
| 6th December 2024
|
Listing Date
| 11th December 2024
|
Wikipedia Link
| -
|
Allotment Link
|
Question 1: Who are the promoters of the company?
Mr. Amit Anil Goenka is the
Managing Director and Chairman of the Company. He Passed the examination of
Bachelor of Engineering form Victoria Jubilee Technical Institute, University
of Bombay. He also holds the Degree of Master of Business Administration from
Texas A & M University, USA and Member of the Royal Institute of Chartered
Surveyors UK.
Ms. Mridula Amit Goenka is the
Executive Director of the Company. She holds the Degree of Chartered Accountant
from The Institute of Chartered Accountant of India. She holds over a decade of
experience in the financial Industry.
Mr. Vikas Krishnakumar Modi is the
Executive Director of the Company. He holds a degree in Bachelor of Commerce
from Mumbai University. He also has completed his Master of Commerce from
Mumbai University.
Question 2: What is the overview of the company?
Nisus Finance Services Co Limited
primarily operates in two key business segments: Transaction Advisory Services
and Fund & Asset Management.
Transaction Advisory Services: The
company offers a range of services including assisting developers with outright
sales, joint ventures, joint development, and capital structuring. The company
leverages its extensive market knowledge to provide asset monetization and
capital solutions, collaborating with developers, financial institutions,
private equity firms, and other stakeholders to optimize value throughout the
transaction lifecycle. Additionally, it offers specialized services such as
private equity and structured credit, financial advisory and structuring,
warehousing and land aggregation, preleased commercial spaces, and
comprehensive asset monetization solutions.
Fund & Asset Management: The company
evaluates investment opportunities and aligns them with the strategic goals of
its funds. The company provides growth capital, project financing, and special
situation funding to developers, focusing on real estate and urban
infrastructure. It currently manages three schemes (Nisus High Yield Growth
Fund – 1, the Nisus High Yield Growth Fund Closed-Ended, the Real Estate
Special Opportunities Fund – 1, and the Real Estate Credit Opportunities Fund –
1) under subsidiaries, step-down subsidiaries, and associate companies through
SEBI, IFSC, and DIFC-registered AIFs, with an asset under management (AUM)
exceeding INR 1000 Crore as of FY 2024.
Revenue Bifurcation Across Segments:
Three Schemes of the Company:
Question 3: How company performed in the past?
Particulars
(INR Cr)
| FY22
| FY23
| FY24
| Q1FY25
|
---|---|---|---|---|
Total Revenue
| 7.5
| 11.5
| 42.5
| 15
|
Net Profit
| 1.5
| 3
| 23
| 8.5
|
Question 4: How much money is the company raising and why?
In the
IPO, the company is offering 63.46 Lakh shares, priced at INR 170 - 180 per
share, aggregating to total of INR 114.24 Cr, with a lot size of 800 shares.
For the purpose of:
- Augmenting fund setup, additional licenses, facility management services and fund management infrastructure in IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSC - Mauritius - INR 12.46 Cr
- Fund raising cost, distribution and placement fee to third party distributors or agents in India and/or international markets for creation of pool of funds - INR 35.90 Cr
- Investment in Subsidiary Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), for augmenting the capital base - INR 25 Cr
- Offer for Sale - INR 12.61 Cr
- General Corporate Purposes
Question 5: Valuation of the company and comparison with other companies
As per RHP, there is no listed
peer of the company.
If the IPO List at:
GMP
| Listing Price
| P/E
|
---|---|---|
-30%
| INR 126
| 12x
|
-20%
| INR 144
| 14x
|
0%
| INR 180
| 17x
|
25%
| INR 225
| 21x
|
50%
| INR 270
| 25x
|
100%
| INR 360
| 34x
|
DISCLAIMER: This document is created for educational and informational purposes only and should not be construed as a Buy/Sell recommendation, investment advice or a research report. Although the document accurately reflects the personal views of the authors,there may be manual/ human errors in the document. The authors may also have equity shares in the companies mentioned in this report. Investor is advised to consult his/her investment advisor and undertake further due diligence before making any investment decision in the companies mentioned. Authors are not liable for any financial gains or losses due to investments made as per the information written in this document.