ListedSMEFinance - Asset ManagementNISUS

NISUS FINANCE SERVICES CO IPO

NISUS FINANCE SERVICES CO IPO is an SME IPO raising ₹114 Cr at ₹170 – ₹180 a share. It listed on 11 Dec 2024 at ₹225, +25.0% against its issue price of ₹180, and trades at ₹149 today (−17.2% since issue). It was subscribed 189× in total.

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₹180

Issue price

₹149

Price now

−17.2%

Since issue price

11 Dec 2024

Listed on

189×Subscribed (final) · all exchanges

189.4 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹170 – ₹180

Cut-off price₹180

Issue size₹114 Cr

Shares per lot800

Minimum application₹1,44,000

Minimum quantity800

Face value₹170

Listing exchanges—

ISININE0DQN01013

Bidding hours10:00 – 17:00 IST

Bidding window4 Dec 2024 – 6 Dec 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.