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The Bombay Stock Exchange (BSE) has approved the Draft Red Herring Prospectus (DRHP) for Nisus Finance Services Co. Limited, paving the way for an initial public offering (IPO). The move will allow Nisus Finance to expand its capital structure, enhance its infrastructure, and further develop financial services hubs in key global markets. With plans to issue a combination of fresh equity and an offer for sale, the IPO aims to bolster Nisus Finance's footprint in real estate financing and fund management. Key financial players, including Beeline Capital and Skyline Financial, are involved in the IPO's orchestration.
Nisus Finance Services Co. Limited, a major player in real estate financing and capital markets, has received the Bombay Stock Exchange's (BSE) approval for its Draft Red Herring Prospectus (DRHP) as it prepares for its upcoming IPO. This significant step is anticipated to fuel the company's expansion across key international financial hubs, including IFSC-Gift City in India, DIFC in Dubai, and FSC in Mauritius, which will enhance Nisus Finance's ability to fund and manage operations at a global level. Advertisement
The IPO, comprising 57,80,000 fresh equity shares at a face value of INR 10 each, along with an offer for sale of up to 7,20,000 shares, brings the total issue size to 65,00,000 shares. This capital-raising endeavour is aimed at financing specific initiatives, including the enhancement of Nisus Finance's facility infrastructure, securing additional operational licenses, and covering costs associated with fund management across domestic and international markets. The company also intends to invest in its Associate Company, Nisus Fincorp Private Limited, which specializes in non-banking finance and capital expansion.
Nisus Finance, led by its promoters Amit Anil Goenka and Mridula Amit Goenka, is known for its dedication to real estate financing and capital markets and has established itself under the Nisus Finance Group (NiFCO) brand. With over 15 years in the sector, the firm has successfully managed assets worth around INR 1000 Crore as of the 2024 fiscal year. Its array of subsidiaries and associates, including Nisus BCD Advisors LLP and Nisus Finance International Advisors IFSC LLP, support its broad operations in real estate fund and asset management, providing a robust network that complements its core services.
For the period ending January 31, 2024, Nisus Finance reported impressive financial results, with revenue reaching INR 3,077.21 Lakhs, an EBITDA of INR 2,459.95 Lakhs, and a PAT of INR 1,687.96 Lakhs. These strong financials, along with Nisus Finance's reputation in transaction advisory and asset management, set the stage for a potentially successful IPO that aligns with the company's vision of becoming a leader in financial services both domestically and abroad.
In orchestrating the IPO, Nisus Finance has appointed Beeline Capital Advisors Private Limited as the Book Running Lead Manager and Skyline Financial Services Private Limited as the Registrar, both bringing substantial expertise to support the issuance process.
With this IPO, Nisus Finance aims to not only expand its financial capabilities but also to further entrench its role as a significant player in the real estate and urban infrastructure sectors. This ambitious step underscores the company's commitment to building a robust financial ecosystem, fortifying its position as an industry leader.
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