Nisus Finance Services Co Limited IPO

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NiFCO, along with its subsidiaries and associates, operates in two primary business verticals under the “Nisus Finance Group”/“NiFCO” brand:

i. Transaction Advisory Services
NiFCO specializes in working closely with developer partners to design tailored financial solutions that align with their long-term business strategies.

ii. Fund and Asset Management
The company is actively involved in managing funds focused on real estate and urban infrastructure. This segment emphasizes a research-driven approach to identify and capitalize on emerging market trends, fostering strong relationships with key stakeholders such as asset owners, developers, investors, and financial institutions.

Subsidiaries and Associate Entities

The company has expanded its operations through various subsidiaries and associates, which contribute to its diversified portfolio:
Subsidiaries and Stepdown Subsidiaries
i. Nisus BCD Advisors LLP                                                            ii. Nisus Finance & Investment Managers LLP
iii. Nisus Finance International Advisors IFSC LLP                iv. Nisus Finance Investment Consultancy FZCO

Associate Company
i. Dalmia Nisus Finance Investment Managers LLP

NBFC Arm
i. Nisus Fincorp Private Limited: Focused on financing activities.

Recent Investment
i. Microsafe Projects LLP: Engaged in acquiring residential properties, both constructed and under construction.

Competitive Edge

NiFCO’s local market knowledge in India and its proprietary market data provide a competitive advantage, enabling the company to adapt swiftly to market changes. This edge, combined with an extensive network, drives increased customer acquisition and higher profitability.

Strategic Digital Presence

To enhance its brand visibility and maintain continuous engagement with clients and investors, NiFCO has developed a robust digital presence through its website under the “Nisus Finance”/“NiFCO” brand. This ensures seamless communication across multiple touchpoints.

Vision for the Future

NiFCO remains committed to scaling its business across its core verticals, leveraging its expertise in transaction advisory and fund management to deliver enhanced Return on Equity (ROE) and profitability. The company aims to solidify its position as a leader in real estate financing and fund management by fostering innovation, leveraging market insights, and building lasting relationships with its stakeholders.

Objects of the Nisus Finance Services Co Limited IPO:

The Net Proceeds will be utilized towards the following objectives: i. Augmenting fund setup, additional licenses, facility management services, and fund management infrastructure in IFSCGift City (Gandhinagar), DIFC-Dubai (UAE), and FSC-Mauritius. ii. Fund raising cost, distribution, and placement fee to third-party distributors or agents in India and/or international markets for the creation of a pool of funds. iii. Investment in Associate Company viz. Nisus Fincorp Private Limited (RBI Registered NBFC), to augment the capital base. iv. General Corporate Purposes. Total number of shares issue: - i. Fresh issue is 5,645,600 shares, ii. Offer for sale is 700,800 shares.
DRHP of Nisus Finance Services Co Limited IPO
RHP of Nisus Finance Services Co Limited IPO

Nisus Finance Services Co Limited IPO Details:

Open Date: Dec 04 2024
Close Date: Dec 06 2024
Total Shares: 6,346,400
Face Value: ₹ 10 Per Equity Share
Issue Size: 114.24 Cr.
Lot Size: 800 Shares
Issue Price: ₹ 170 - 180 Per Equity Share
Listing At: BSE SME
Listing Date: Dec 11 2024

Promoters And Management:

Amit Anil Goenka, Chairman and Managing Director of the company since May 16, 2014, holds a Bachelor's in Engineering from the University of Bombay, an MBA from Texas A&M University, USA, and is a member of the Royal Institute of Chartered Surveyors, UK. With over 8 years of experience in the financial industry, he leads the company’s overall management. Mridula Amit Goenka, Executive Director since July 18, 2024, is a Chartered Accountant from the Institute of Chartered Accountants of India with over 13 years of experience in the financial industry. She oversees accounting, finance, taxation, HR, and administration for the company. Vikas Krishnakumar Modi, Executive Director since July 18, 2024, holds a Bachelor's and Master's in Commerce from Mumbai University. With over 10 years of experience in finance, he contributes significantly to the company's operations.

Financials of Nisus Finance Services Co Limited IPO:

In Cr.
Particulars June 30 2024 FY 24 FY 23 FY 22
Revenue 13.58 42.13 11.30 7.24
Growth In Revenue 272.82% 56.03%
EBITDA 10.54 34.36 5.27 2.41
EBITDA Margins 77.62% 81.57% 46.61% 33.33%
PAT 8.31 22.87 3 1.29
PAT Margins 61.19% 54.30% 26.55% 17.75%
CFOA (6.19) 10.79 (1.80) 1.32
ROE 22.81% 109.83% 38.03% 22.37%
ROCE 24.20% 101.63% 23.48% 15.79%

Comparison With Peers:

As per RHP no listed peer.

Recommendation on Nisus Finance Services Co Limited IPO:

Review and Recommendation of Nisus Finance Services Co IPO by team IZ is 4/10.

Lead Manager of Nisus Finance Services Co Limited IPO:

  1. Beeline Broking Limited

Registrar of Nisus Finance Services Co Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Nisus Finance Services Co Limited Unit No 502-A, Floor-5, A-Wing, Poonam Chambers, Dr. Annie Besant Road, Worli, Mumbai - 400018 Phone: +91-22-6164 8888 Email: cs@nisusfin.com Website: http://www.nisusfin.com/

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