{"id":48765,"date":"2024-12-05T12:46:25","date_gmt":"2024-12-05T07:16:25","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=48765"},"modified":"2025-11-10T13:35:24","modified_gmt":"2025-11-10T08:05:24","slug":"114-cr-nisus-finance-ipo-subscribed-3-16x-on-day-1","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/114-cr-nisus-finance-ipo-subscribed-3-16x-on-day-1\/","title":{"rendered":"\u20b9114.24-Crore Nisus Finance IPO Subscribed 3.16X on Day 1. Check GMP & More"},"content":{"rendered":"
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The \u20b9114.24-crore Nisus Finance Services IPO<\/a> has seen strong investor participation since it opened for bidding on Wednesday. On Day 1, the IPO was fully subscribed within hours, with the overall subscription reaching 3.13 times by the end of the day.<\/p>\n\n\n\n

The momentum continued into Day 2, with the subscription rising to 7.08 times by 11 AM. Retail investors accounted for a significant portion of the demand, subscribing 10.48 times their allotted shares. This early response highlights investor interest in the company, offering shares in a price band of \u20b9170 to \u20b9180 each, with a minimum lot size of 800 shares. Let\u2019s explore in detail what the Nisus Finance IPO<\/a> has to offer.<\/p>\n\n\n\n

Nisus Finance IPO Details:<\/strong><\/h2>\n\n\n\n

The \u20b9114.24-crore Nisus Finance Services IPO<\/a> opened for bidding on Wednesday and quickly gained attention, achieving full subscription on its first day. The SME IPO<\/a> includes a fresh issue of 56.46 lakh shares, raising \u20b9101.62 crore, with an offer-for-sale (OFS) of 7.01 lakh shares valued at \u20b912.61 crore. The price band has been set between \u20b9170 and \u20b9180 per share, with investors required to apply for a minimum lot size of 800 shares, translating to a minimum investment of \u20b91,44,000.<\/p>\n\n\n\n

Offer Price<\/strong><\/td>\u20b9170 to \u20b9180 per share<\/td><\/tr>
Face Value<\/strong><\/td>\u20b910 per share<\/td><\/tr>
Opening Date<\/strong><\/td>4 December 2024<\/td><\/tr>
Closing Date<\/strong><\/td>6 December 2024<\/td><\/tr>
Total Issue Size (in Shares)<\/strong><\/td>6,346,400<\/td><\/tr>
Total Issue Size (in \u20b9)<\/strong><\/td>\u20b9114.24 Cr<\/td><\/tr>
Issue Type <\/strong><\/td>Book Built Issue IPO<\/a><\/td><\/tr>
Lot Size<\/strong><\/td>800 Shares<\/td><\/tr>
Listing at<\/strong><\/td>BSE<\/a>, SME<\/td><\/tr><\/tbody><\/table>
Source: <\/strong>NisusFin<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n

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Key milestones in the IPO timeline include finalizing share allotment status by December 9, refunding non-allottees on December 10, and listing on the BSE SME platform on December 11.<\/p>\n\n\n\n

Subscription Status<\/strong><\/h3>\n\n\n\n

On its opening day, the IPO achieved a subscription rate of 3.13 times, with bids for 1,31,44,800 shares against the 42,05,600 shares on offer. Retail investors showed significant enthusiasm, contributing a subscription rate of 10.48 times. By 11 AM on Day 2, the IPO had garnered an overall subscription of 7.08 times, indicating strong market interest.<\/p>\n\n\n\n

Investor Category<\/strong><\/td>Subscription (times) on Day 1<\/strong><\/td>Subscription (times) on Day 2, till 11 AM<\/strong><\/td><\/tr>
Qualified Institutions<\/td>2.89<\/td>2.89<\/td><\/tr>
Non-Institutional Buyers***<\/td>2.22<\/td>4.9<\/td><\/tr>
Retail Investors<\/td>3.75<\/td>10.48<\/td><\/tr>
Employees<\/td>0.1<\/td>0.13<\/td><\/tr>
Total<\/strong><\/td>3.16<\/strong><\/td>7.08<\/strong><\/td><\/tr><\/tbody><\/table>
Source: <\/strong>Chittorgarh<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n

GMP (Grey Market Premium)<\/strong><\/h3>\n\n\n\n

The current GMP for the Nisus Finance Services IPO is \u20b955<\/strong> (as of December 5, 2024, 9:59 AM). Based on the upper price band of \u20b9180, the estimated listing price is \u20b9235<\/strong>, reflecting a 30.56% gain<\/strong> per share.<\/p>\n\n\n\n

Objectives of the IPO<\/strong><\/h3>\n\n\n\n

The company plans to utilize the net proceeds from the IPO for:<\/p>\n\n\n\n

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  1. Infrastructure Expansion:<\/strong>\n