Nisus Finance Services Co. Limited Files Draft Red Herring Prospectus for Upcoming IPO

Nisus Finance Services Co. Limited has filed its Draft Red Herring Prospectus with the BSE SME for its upcoming IPO. The IPO will include 57.8 lakh Fresh Issue shares and 7.2 lakh shares offered for sale, with the funds set to enhance infrastructure and cover operational costs.

Nisus Finance Services Co. Limited (Nifco) has submitted its Draft Red Herring Prospectus to the BSE SME, signaling its intention to go public. The IPO will feature 57.8 lakh Fresh Issue equity shares, each valued at Rs 10, alongside 7.2 lakh shares under an Offer for Sale.

The proceeds from the IPO will be directed towards enhancing fund setup, securing additional licenses, and upgrading facility and fund management infrastructures in key financial centers such as IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius. Additionally, it aims to cover fundraising costs and placement fees for domestic and international markets, invest in its associate company Nisus Fincorp Private Limited to expand its capital base, and meet general corporate expenses.

For the period ending January 31, 2024, Nifco reported revenues of Rs 3,077.21 lakhs, an EBITDA of Rs 2,459.95 lakhs, and a PAT of Rs 1,687.96 lakhs.

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