Thursday, December 5, 2024
News

Nisus Finance Services Co Limited IPO Opens On December 04, 2024

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

| November 30, 2024 12:11:59 PM IST
PNN

Mumbai (Maharashtra) [India], November 30: Nisus Finance Services Co Limited engaged into Transaction Advisory Services and Fund and Asset Management. The Company proposes to open its Initial Public Offering on December 04, 2024, aiming to raise Rs 114.24 Crore with shares to be listed on the BSE SME platform.

The issue size is 63,46,400 equity shares with a price band of Rs 170 - Rs 180 Per Share and face value of Rs 10 each.

Equity Share Allocation

- QIB Anchor Portion - Not more than 17,89,600 Equity Shares

- Qualified Institutional Buyers (QIB) - Not more than 11,94,400 Equity Shares

- Non-Institutional Investors (NII) - At least 8,96,000 Equity Shares

- Retail Individual Investors (RII) - At least 20,91,200 Equity Shares

- Market Maker - 3,51,200 Equity Shares

- Employees - 24,000 Equity Shares

The net proceeds from the Issue will be utilized to enhance fund setup, obtain additional licenses, and improve facility and fund management infrastructure in key financial hubs like IFSC-Gift City, DIFC-Dubai and FSC-Mauritius. It also plans to cover fundraising costs and placement fees for domestic and international markets, invest in its Associate Company Nisus Fincorp Private Limited to boost its capital base, and address general corporate purposes. The anchor bidding will open on December 03, 2024 and the issue will close on December 06, 2024.

Beeline Capital Advisors Private Limited are the Book Running Lead Managers to the Issue, while Skyline Financial Services Private Limited is Registrar to the Issue.

Amit Anil Goenka, Chairman & Managing Director of Nisus Finance Services Co Limitedexpressed, " As we prepare for our IPO, this milestone marks a significant achievement for Nisus Finance, highlighting our progress and advancements in Transaction Advisory Services and Fund and Asset Management since our inception.

The upcoming IPO represents an exciting new chapter for our company. We believe going public will drive the company's growth by enhancing operational capabilities, expanding market reach and strengthening our financial foundation. This step strengthens our commitment to delivering value and sets the stage for our long-term growth."

(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Hong Kong to Host its Largest Panda-them...
Indonesian Ministry of Tourism encourage...
Satyam Roychowdhury, Chancellor, Sister ...
Online Applications for Admissions-2025 ...
Tejas Networks selected as broadband equ...
Afcons completes longest tunnelling driv...
More...
 
INDIA WORLD ASIA
J-K: Shopian police attach properties wo...
MP: Police conducts security check in Uj...
'Hope people do not suffer because of di...
Attempt to be made to repair impacted me...
Delhi: Former BJP MLA & Padma Shri a...
''My Best Wishes to Him': Uttarakhand CM...
More...    
 
 Top Stories
Suneet Mehta appointed India's next... 
Jay Shah visits ICC headquarters in... 
"Country will run on Constitution, ... 
MP: Police conducts security check ... 
Delhi: Crime Branch arrests two sha... 
Congress' Hassan convention aims to... 
Maharashtra: Eknath Shinde, Ajit Pa... 
Deutsche Bank and The Akshaya Patra...