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Nisus Finance Services SME IPO: Issue opens on December 4; check key details

//business-finance.news-articles.net/content/202 .. issue-opens-on-december-4-check-key-details.html

Published in Business and Finance on Friday, November 29th 2024 at 4:30 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The IPO of Nisus Finance Services includes a fresh share sale of 56,45,600 equity shares amounting to Rs 101.62 crore and an offer-for-sale (OFS) up to 7,00,800 equity shares.

The article from Business Today discusses the upcoming SME IPO of Nisus Finance Services, set to open for subscription on December 4, 2024. The IPO aims to raise ₹24.96 crore through the issuance of 24.96 lakh shares at a price band of ₹99-103 per share. The funds raised will be utilized for augmenting the company's capital base, meeting future capital requirements, and general corporate purposes. Nisus Finance, established in 1990, provides financial services including loans against property, business loans, and personal loans. The IPO will close on December 6, 2024, with shares expected to be listed on the NSE Emerge platform. The company has shown a revenue growth from ₹10.8 crore in FY21 to ₹16.7 crore in FY23, with a profit after tax of ₹3.5 crore in FY23. The IPO is managed by Hem Securities as the lead manager, and Bigshare Services Pvt Ltd is the registrar for the issue.

Read the Full Business Today Article at [ https://www.businesstoday.in/markets/ipo-corner/story/nisus-finance-services-sme-ipo-issue-opens-on-december-4-check-key-details-455614-2024-11-29 ]