IPO Price Range: ₹170 - 180
Min Investment
₹1,44,000
IPO Size
₹114 Cr
IPO Status
Quantity in 1 Lot
800
Max Bid allowed
1
Listing Exchange
BSE
IPO subscribed over
🚀 177.55x
This IPO has been subscribed by 139.7812x in retail and 93.8413x in QIB.
Total Subscription | 177.55x |
Retail Individual Investors | 139.7812x |
Qualified Institutional Buyers | 93.8413x |
Non Institutional Investors | 324.4349x |
Bid Opening Date | 4 Dec 2024 |
Bid Closing Date | 6 Dec 2024 |
Allotment Date | 9 Dec 2024 |
Issue Size | ₹114.24Cr |
Quantity in 1 lot | 800 |
A well-established, credible and customer-focused NiFCO brand.
Diversified Business Model.
Ability to identify emerging market trends in a timely manner.
Strong Management and distinctive people and culture.
Prudent governance, risk management, and internal control frameworks.
The Company, Promoters, Directors, and its Subsidiaries are a party to certain litigation and/or claims. Any adverse decision may make the Company liable to liabilities/penalties and may adversely affect its reputation, business, and financial status. A classification of these legal and other proceedings is given below.
The company is dependent on and derives a substantial portion of its revenue from certain key customers and investors in its funds managed by the company subsidiaries that may expose it to liquidity risks, which may adversely affect the companys business volume, results of operations and financial condition.
The financing industry is becoming increasingly competitive, which may create significant pricing pressures for it to retain existing customers and solicit new business. The companys growth will depends on its ability to compete effectively in this environment.
The company has grown in the past but there can be no assurance that its growth will continue at a similar rate or that the company will be able to manage its rapid growth. If its unable to implement or sustain the companys growth strategy effectively it could adversely affect its business, results of operations, cash flows and financial conditions.
Difficult conditions in financial markets can adversely affect its business, which could materially reduce the company revenue and income.
There are certain discrepancies noticed in its statutory records and/or records relating to filing of returns and statutory expenses with the concerned Registrar of Companies.
Revisions to laws and regulations or regulatory investigations, including recent RBI AIF Circular restricting certain investments by Regulated Entities in the schemes of alternate investment funds (AIFs), may have a material adverse effect on its business, results of operations, cash flows and financial condition.
Any adverse development in the real estate sector would negatively affect the companys results of operations.
The companys Consolidated Restated Financial Statements are reviewed and Signed by the Peer Review Auditors who is not Statutory Auditors of the Company as required under the provisions of SEBI ICDR Regulations.
The company requires certain approvals, licenses, registration and permits for its business, and failures to obtain or renew them in a timely manner may adversely affect its operations.
Investors | Holdings % |
Amit Anil Goenka | 99.74% |
Mridula Amit Goenka | 0% |
Abha Anil Goenka | 0% |
Arti Vikas Modi | 0% |
Anil Brijmohan Goenka | 0% |
Organisation | Nisus Finance Services Co Ltd |
Headquarters | Mumbai |
Industry | Finance |