Nisus Finance Services' initial public offering (IPO) has witnessed extraordinary demand, subscribing 188.84 times by December 6, 2024, 4:09:10 PM. The subscription has been led by strong participation across all investor categories, with the Non-Institutional Investors (NII) category leading the pack at 450.84 times, followed by the retail category at 133.00 times, and the Qualified Institutional Buyers (QIB) segment at 93.84 times.

The IPO, which opened on December 4, 2024, has garnered substantial interest across categories, reflecting confidence in the financial services sector. The retail category saw the highest level of subscription, while the NII category showed impressive participation, far surpassing the total subscription.

Subscription Status of Nisus Finance IPO:

Date	QIB	NII	Retail	EMP	Total
Day 1 (Dec 4)	2.89	2.22	3.75	0.10	3.16
Day 2 (Dec 5)	3.41	22.88	29.07	0.73	20.30
Day 3 (Dec 6)*	93.84	450.84	133.00	0.90	188.84

*As of 4:40 PM

Subscription Details of Nisus Finance IPO as of Day 3 (6th December 2024, 4:09 PM):

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (Rs Cr.)
Anchor Investors	1.00	17,89,600	17,89,600	32.21
Market Maker	1.00	3,51,200	3,51,200	6.32
Qualified Institutions	93.84	11,94,400	11,20,84,000	2,017.51
Non-Institutional Buyers	450.84	8,96,000	40,39,48,800	7,271.08
Retail Investors	133.00	20,91,200	27,81,27,200	5,006.29
Employees	0.90	24,000	21,600	0.39
Total	188.84	42,05,600	79,41,81,600	14,295.27

Total Applications: 4,57,228

Note:

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portion of anchor investors is not included in the total shares offered.

Nisus Finance IPO Key Highlights:

Nisus Finance Services IPO Subscription - Day 2 (Dec 5, 2024)

Qualified Institutional Buyers (QIB) saw an increase in demand, with a subscription rate of 3.41 times, indicating improving institutional interest.
The Non-Institutional Investors (NII) category surged with a subscription of 22.88 times, showing robust demand from wealthy individuals and institutional buyers.
Retail Investors exhibited even stronger participation, with a subscription of 29.07 times, which highlights the strong retail enthusiasm for the IPO.
Employee Category saw an increase to a subscription of 0.73 times, indicating slightly more interest from company employees compared to Day 1.
The total subscription for Day 2 reached 20.30 times, marking significant growth and heightened investor confidence across all segments.

Nisus Finance IPO - Day 1 Subscription at 0.39 Times

The Qualified Institutional Buyers (QIB) segment saw a subscription of 2.89 times, indicating a moderate interest from institutional investors.
The Non-Institutional Investors (NII) category had a subscription of 2.22 times, showing a decent response from high-net-worth individuals.
Retail Investors demonstrated strong participation, with a subscription rate of 3.75 times, reflecting solid retail confidence in the offering.
The Employee Category had a very limited subscription of 0.10 times, showing a minimal interest from company employees.
The total subscription for the IPO on Day 1 stood at 3.16 times, reflecting a positive start with strong demand from retail investors.

About Nisus Finance Services

Founded in 2013, 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 has two business segments:

1. Transaction Advisory Services: assist and support the partners in transactions such as outright sales, joint ventures, joint development, capital structuring etc. The company helps businesses connect with private equity funds, risk capital providers, and financial institutions to support their growth. The company also offer advice on corporate real estate matters, helping to structure and finalize transactions efficiently.

2. Fund and Asset Management: includes providing growth capital, project financing, or special situation funding to developers, and asset management for Alternative Investment Funds focused on the real estate and infrastructure sector. As of date, we manage four schemes under the subsidiaries, step-down subsidiaries, and associate companies through SEBI, IFSC, and DIFC-registered AIFs, which include:

Real Estate Special Opportunities Fund – 1
Real Estate Credit Opportunities Fund – 1
Nisus High Yield Growth Fund – 1
Nisus High Yield Growth Fund Closed-Ended
The company's main sources of revenue are fund management fees earned by the fund manager/advisor entities for managing AIF fund pools.

Assets Under Management (AUM): Approximately Rs 1,000 crore (FY2024) across real estate and urban infrastructure.
Office Network: Three offices, including two in India and one international, as of January 31, 2024.

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