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Nisus Finance Services listing today on BSE-SME

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Nisus Finance Services Co IPO oversubscribed, to be listed on BSE-SME at ₹180, focusing on real estate financing and capital markets.
Nisus Finance Services, a non-banking financial company (NBFC) focused on providing loans to small and medium enterprises (SMEs), listed its shares on the BSE SME platform on January 10, 2024. The company, which has been operational since 1990, raised ₹96.48 crore through its initial public offering (IPO) that was open for subscription from December 27 to December 29, 2023. The IPO was priced at ₹100 per share, and the shares were listed at a premium, opening at ₹115.50 on the BSE SME. Nisus Finance aims to use the funds raised to expand its lending operations, enhance its technology infrastructure, and increase its geographical presence. The listing is seen as a strategic move to leverage the BSE SME platform's benefits like increased visibility, credibility, and access to capital markets for growth.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/markets/nisus-finance-services-listing-today-on-bse-sme/article68971774.ece ]