Nisus Finance Services IPO Allotment Today: How To Check Status And Latest GMP
The grey market premium (IPO) for Nisus Finance Services IPO stood at Rs 115 on Dec. 9, as per InvestorGain.
The initial public offering of Nisus Finance Services Co. Ltd. saw a massive demand from investors as it closed after three days of bidding on Dec. 6.
Nisus Finance Services IPO was subscribed 192.29 times on the last day of bidding, as per market tracking site Chittorgarh. The investors across categories applied for 80,87,00,800 shares compared to 42,05,600 shares on offer.
The Non-institutional investors (NIIs) applied for 40,42,84,000 shares against 8,96,000 shares set aside for the category. On the last day, the NIIs’ quota was subscribed 451.21 times.
Retail investors applied for 29,23,11,200 shares as compared to 2,091,200 shares reserved for them, subscribing their portion by 139.78 times. On the other hand, the Qualified Institutional Buyers (QIBs) submitted bids for 11,20,84,000 shares against 11,94,400 shares reserved for the category, subscribing to their quota by 93.84 times.
The employees’ quota was subscribed 90%. Employees applied for 21,600 shares against the 24,000 shares on offer.
The Rs 114.24-crore BSE SME IPO consists of a fresh issue of 56.46 lakh shares, totalling Rs 101.62 crore, and an offer-for-sale (OFS) portion of 7.01 lakh shares, worth Rs 12.61 crore.
Nisus Finance Services IPO price band was set between Rs 170 and Rs 180 per share. Skyline Financial Services Pvt. Ltd. is the registrar for the issue. Beeline Capital Advisors Pvt. Ltd. has been appointed as the book-running lead manager.
Nisus Finance Services IPO share allotment status is likely to be finalised on Monday, Dec. 9.
Nisus Finance Services IPO listing date has been tentatively fixed as Dec. 11. Shares of the company will be listed on the BSE SME platform.
Investors who have bid for Nisus Finance Services IPO can check the share allotment status on the websites of the BSE and the issue registrar.
How To Check Nisus Finance Services IPO Share Allotment Status On BSE
Open the Application Status page of BSE here
Select Equity
Select 'Nisus Finance Services Co. Limited'
Enter your IPO application number or PAN details
Check on the 'I am not a Robot' box
Click on the Submit button to check the details of the allotment status
How To Check Nisus Finance Services IPO Allotment Status on Skyline Financial Services
Go to the official website of the registrar Skyline Financial Services Pvt. Ltd. here
Under the Check Application Status dropdown menu, select Nisus Finance Services Co. Limited.
Choose from DPID/Client ID, Application Number or PAN
Enter the details as per your selection
Click on Search to view allotment status
Nisus Finance Services IPO GMP Today
The grey market premium (IPO) for Nisus Finance Services IPO stood at Rs 115 as of 7:55 a.m. on Dec. 9, as per InvestorGain. This indicates a listing price of Rs 295 apiece at a premium of 63.89%.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Use of Proceeds
Nisus Finance Services said it will utilise the proceeds from the fresh issue to augment fund setup, additional licenses, facility management services and fund management infrastructure in IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSC-Mauritius.
Part of the proceeds will also go towards fundraising cost, distribution and placement fee to third-party distributors or agents in India and/or international markets for creation of a pool of funds.
The company will further invest in its subsidiary Nisus Fincorp Pvt. Ltd. to augment its capital base. The remaining portion of the fund will be used for general corporate purposes.
About Nisus Finance Services Ltd.
Founded in 2013, Nisus Finance Services Co. Ltd. offers financial services including transaction advisory services, fund and asset management, private equity and venture debt, and capital solutions to corporate clients.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
