NIS Management IPO opens for subscription today. Check price band, GMP and other details

The Rs 60 crore IPO of Kolkata-based NIS Management will open for subscription on Monday. The issue, which includes both a fresh issue and an offer for sale, will close on August 28. The grey market premium (GMP) is currently around 6%, suggesting a modest listing premium. Shares are scheduled to list on the BSE SME platform on September 2.

IPO Details

The IPO comprises a fresh issue of 43.32 lakh shares worth Rs 51.75 crore and an offer for sale of 7.44 lakh shares aggregating Rs 8.26 crore. The price band has been fixed at Rs 105–111 per share with a lot size of 1,200 shares.


Retail investors are required to apply for at least two lots, or 2,400 shares, translating to an investment of Rs 2.52 lakh at the upper end of the band.

The issue has allocated up to 46.5% to qualified institutional buyers (QIBs), not less than 35% to retail investors, and not less than 15% to NIIs. A portion of 3.3 lakh shares has been reserved for the market maker, Share India Securities Ltd.

Share India Capital Services is the lead manager, while Maashitla Securities is the registrar of the issue.

Company Profile

Founded in 1985, NIS Management provides integrated security and facility management services. Its offerings include manned guarding, electronic surveillance, housekeeping, payroll management, and facility upkeep.

The company has a strong regional presence with 14 branches and a workforce of over 16,600 employees, including contractual staff.

It also leverages technology such as QR code-based employee monitoring and a mobile app-driven attendance system to strengthen service delivery.

Financial Performance

NIS Management reported revenue of Rs 405.33 crore in FY25, up 7% from Rs 380.06 crore in FY24. Profit after tax rose 2% year-on-year to Rs 18.67 crore.

Objects of the Issue

The company intends to utilise the net proceeds from the IPO to meet working capital requirements (Rs 36 crore) and for general corporate purposes.

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