Nisus Finance Services Co. Ltd. Company Research Report
Nisus Finance Services Co. Ltd. (NFSCL) is engaged in providing variety of finance related services with prime focus on transaction advisory services. The company along with its subsidiaries and associate companies is actively engaged in primary two segment; 1. Transaction Advisory Services and 2. Fund and Asset Management. Together with its subsidiaries, stepdown subsidiaries and associates, it operates under the "Nisus Finance Group"/ "NiFCO" brand. The company is mainly engaged in the business of Transaction Advisory services, while its subsidiaries, stepdown subsidiaries, namely Nisus BCD Advisors LLP, Nisus Finance & Investment Managers LLP, Nisus Finance International Advisors IFSC LLP, Nisus Finance Investment Consultancy FZCO and associate company namely Dalmia Nisus Finance Investment Managers LLP which are engaged in Real Estate and Urban Infrastructure Fund and Asset Management.
The other subsidiary i.e. Nisus Fincorp Private Limited, an NBFC company is having main object of financing. It has recently invested in an entity named Microsafe Projects LLP as an Associate of the company which is engaged in the business of acquiring residential properties constructed and/or under construction. Following the success of its Transaction Advisory vertical, the Company through its subsidiaries, stepdown subsidiaries and associate Companies diversified its business to include Real Estate and Urban Infrastructure Fund & Asset Management and a Non-Banking Finance Company under "Nisus Finance Group"/ "NiFCO" brand over the past decade.
Its Transaction Advisory business requires working closely with developer partners, to ensure it crafts solutions that align with long-term business plan of its advisory clients. It has been assigned "Care AIF 1" grading by Care Analytics & Advisory Private Limited (CareEdge) to one of its scheme i.e. Real Estate Special Opportunities Fund - I which defines the Investment related processes for the scheme are expected to be Excellent.
NFSCL's asset portfolio in India provides it with valuable real-time, proprietary market data that enables it to identify and act on market conditions and trends more rapidly than competitors. Its extensive network allows to attract more customers, especially for Real Estate and Urban Infrastructure Asset and Fund Management, and Transaction Advisory services, where increased profitability and ROE are based upon increased scale of business.
The company posted roller-coaster ride in its revenue from top 10 customers. (as disclosed in its financial KPI info.). Its business model is distinctive and deeply integrated, placing a strong emphasis on customer satisfaction across the entire spectrum of real estate, urban infrastructure, and related asset classes. This integration allows it to leverage synergies throughout the value chain via investment solutions. As of June 30, 2024, it had 34 employees on its payroll.
ISSUE DETAILS
The company is coming out with its maiden book building route combo IPO of 6346400 equity shares of Rs. 10 each to mobilize Rs. 114.23 cr. (at the upper cap). It has announced a price band of Rs. 170 - Rs. 180 per share. The issue consists of 5645600 fresh equity shares (worth Rs. 101.62 cr. at the upper cap), and an Offer for Sale (OFS) of 700800 shares (worth Rs. 12.61 cr. at the upper cap). The issue opens for subscription on December 04, 2024, and will close on December 06, 2024. The minimum number of shares to be applied is for 800 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on BSE SME. The issue constitutes 26.58% of the post-IPO paid-up capital of the company. From the net proceeds of the IPO, the company will utilize Rs. 12.46 cr. for augmenting fund setup, additional licenses, fund management infra etc., Rs. 35.91 cr. for fund raising cost, distribution and placement of fee to third party distributors or agents. Rs. 25.00 cr. for investment in subsidiary company Nisus Fincorp Pvt.
