Mumbai-based Nisus Finance Services Co Limited has received approval from the Bombay Stock Exchange (BSE) to launch its initial public offering (IPO) on the SME platform. The company plans to offer 6.5 million equity shares, each with a face value of ₹10. This will include 5.78 million new shares and a sell-off of 720,000 shares.
Nisus Finance is a well-known non-banking financial company (NBFC) that focuses on urban infrastructure financing and private capital market transactions. The company aims to raise funds through this IPO to support its strategic growth plans, including expanding its market presence both in India and internationally.
The funds raised will help Nisus Finance improve its infrastructure in key financial hubs like IFSC-Gift City in Gandhinagar, DIFC-Dubai, and FSC-Mauritius. It also plans to acquire new licenses, strengthen its fund management capabilities, and invest in its affiliate company, Nisus Fincorp Private Limited, which focuses on financing small and medium enterprises (SMEs).
About Nisus Finance
Nisus Finance operates under the “Nisus Finance Group” (NiFCO) brand, which has grown steadily in recent years. The company currently manages assets worth about ₹1000 crore (FY 2024). Nisus Finance is highly regarded for its expertise in managing alternative investment funds (AIFs) and diversified asset portfolios. The company has earned an “Excellent” rating as a fund manager from CareEdge Ratings.
As of January 31, 2024, Nisus Finance reported a revenue of ₹3,077.21 lakh, with an EBITDA of ₹2,459.95 lakh and a profit after tax (PAT) of ₹1,687.96 lakh.
Founded by Amit Anil Goenka, Nisus Finance plans to use the IPO proceeds for various corporate purposes and to expand its business. With the BSE’s approval, the company is poised to tap into the growing SME sector and further strengthen its position in the market, both in India and abroad.
This IPO is expected to help Nisus Finance expand its operations and continue to support the growth of small and medium-sized businesses across different sectors.