Nisus Finance Services secures BSE approval to launch IPO

Nisus Finance Services has received the approval from the Bombay Stock Exchange (BSE) for launching its initial public offering (IPO).

The issue will comprise a fresh issue of 57.80 lakh equity shares each with a face value of Rs 10, along with an offer for sale of up to 7,20,000 equity shares, aggregating to a total issue size of up to 65,00,000 equity shares.

The company plans to utilise the proceeds from the IPO 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.


Nisus also plans to cover fundraising costs and placement fees for domestic and international markets, invest in its associate company Nisus Fincorp to boost its capital base, and address other general corporate purposes.

About Nisus Finance Services

Nisus Finance Services, promoted by Amit Anil Goenka and Mridula Amit Goenka, specializes in real estate financing and capital markets, and has over 15 years of experience. Operating under the "Nisus Finance Group" or "NiFCO" brand, the company focuses on transaction advisory services and fund and asset management.

Nisus Finance's network includes subsidiaries and associates like Nisus BCD Advisors LLP, Nisus Finance & Investment Managers LLP, Nisus Finance International Advisors IFSC LLP, Nisus Finance Investment Consultancy FZCO and Dalmia Nisus Finance Investment Managers LLP, managing Real Estate and Urban Infrastructure Fund and Asset Management operations.

Additionally, Nisus Fincorp functions as a Non-Banking Finance Company (NBFC) focused on financing. With a decade-long presence in India and managing AUM worth approximately Rs 1,000 Crore as of FY 2024.

Also read: Sagility India shares surge nearly 10% post listing

Financial highlights

For the period ended 31st January 2024, the company reported a revenue of Rs 3,077.21 lakhs and an EBITDA of Rs 2,459.95 lakhs along with a profit after tax (PAT) of Rs 1,687.96 lakhs.

Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while Skyline Financial Services Private Limited will serve as the Registrar to the Issue.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)