Nisus Finance Services Co Limited offers financial services such as Transaction Advisory Services, Fund and Asset Management, Private Equity and Venture Debt and Capital Solutions to Corporate Clients. Nisus Finance Services IPO is raising Rs 114.24 crores. The issue is a combination of fresh issue aggregating to Rs 101.62 crores and offer for sale aggregating to Rs 12.61 crores.

About Nisus Finance Services IPO

• Company was incorporated as “Molior Realty Private Limited” on August 21, 2013, as private limited company.
• Nisus Finance Services Co Limited is currently having two promoters namely, Mr. Amit Anil Goenka and Mrs. Mridula Amit Goenka.
• Company along with its subsidiaries and associate companies is actively engaged in primary two segment;
  • 1. Transaction Advisory Services and
  • 2. Fund and Asset Management
• Together with subsidiaries, stepdown subsidiaries and associates, they operate under the “Nisus Finance Group”/ “NiFCO” brand. They are mainly engaged in the business of Transaction Advisory services, while subsidiaries, stepdown subsidiaries, namely Nisus BCD Advisors LLP, Nisus Finance & Investment Managers LLP, Nisus Finance International Advisors IFSC LLP, Nisus Finance Investment Consultancy FZCO and associate company namely Dalmia Nisus Finance Investment Managers LLP which are engaged in Real Estate and Urban Infrastructure Fund and Asset Management.
• The other subsidiary i.e. Nisus Fincorp Private Limited, an NBFC company is having main object of financing.
• They have recently invested in an entity named Microsafe Projects LLP as an Associate of the company which is engaged in the business of acquiring residential properties constructed and/or under construction.

Financials: Nisus Finance Services IPO

Anchor: Nisus Finance Services IPO

Nisus Finance Services IPO : Salient Points

• Proceeds from IPO :

• The promoters have combined experience of more than 15 years in the field of real-estate financing and capital market.
• Revenue bifurcation:

• Following the success of Transaction Advisory vertical, Company through its subsidiaries, stepdown subsidiaries and associate Companies diversified its business to include Real Estate and Urban Infrastructure Fund & Asset Management and a Non-Banking Finance Company under “Nisus Finance Group”/ “NiFCO” brand over the past decade.
• They have been assigned “Care AIF 1” grading by Care Analytics & Advisory Private Limited (CareEdge) to one of our scheme i.e. Real Estate Special Opportunities Fund – I which defines the Investment related processes for the scheme are expected to be Excellent.
• They have asset under management of more than ₹ 1000 crore (FY2024) across Real Estate and Urban Infrastructure.

• Presence in India and International:

• Peers: None
• They have furthered their footprint with new investment strategies and solutions in other emerging markets, starting with the UAE in the GCC.
• PE 9.6x (annualized) ; 12.9x ; PE Fy24: 18.8x
• I intend to apply in Nisus Finance Services IPO. Their growth is led by twin engines of their transaction advisory services as well as fund and asset management. Having achieved Rs 1,000 crores of AUM as of March 2024 they look poised to grow at high rate.
• GMP as reported on social media is around Rs. 52 (29%).
• Lead Manager Beeline line has a fair to good track record.
• SME IPOs are quite volatile and new retail investors need to exercise considerable caution in my view.
• This post is exploratory and educational purposes only. Please do your own diligence before investing in SME IPOs like this.
• Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . I have in the past cleared some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.