IPO News / What is the GMP of Nisus Finance Services IPO today, know how much was subscribed

IPO News: Nisus Finance Services, a fast-growing company in the Indian financial services sector, has attracted the attention of investors through its IPO (Initial Public Offering). On December 5, the IPO of Nisus Finance Services was subscribed 18.9 times, indicating strong support from investors. The company opened this IPO on December 4, and it will close on December 6.

Key details of IPO

The price band of the Nisus Finance Services IPO has been fixed between ₹170 to ₹180 per equity share. The face value of each share is ₹10. This is an SME IPO, in which investors can bid for a minimum of 800 equity shares and in multiples of 800 thereafter. Thus, the minimum investment for one lot is required to be ₹1,44,000.

Grey Market Premium (GMP)

Investors' enthusiasm for the Nisus Finance Services IPO has also been strengthened by the Grey Market Premium (GMP). The GMP on December 5 stood at ₹65, which indicates that the stock may open at a potential price of ₹245 per share at the time of listing. This price is 36.11% higher than the IPO's upper price band of ₹180.

Subscription Status

As of day two, the Nisus Finance Services IPO was enthusiastically subscribed by various investors:

Retail Investors: 27.35 times

Non-Institutional Investors (NII): 20.74 times

Qualified Institutional Buyers (QIB): 3.16 times

Employee Quota: 73%

According to data from Chittorgarh.com, bids were received for 7,95,64,000 shares against the offer of 42,05,600 shares till 4:33 pm on December 5. It was subscribed 3.16 times on the first day.

Company's business and objectives

Nisus Finance Services provides financial services such as transaction advisory, fund and asset management, private equity, venture debt, and capital solutions to corporate clients. The company will use the funds raised through this IPO for its working capital needs and business expansion.

Attractiveness for investors

Strong financial position: The price-to-earnings ratio of the company's offering and potential listing gains attracted investors.

Quality services: The company's focus is on emerging and sustainable growth financial solutions.

Market trends: Strong performance in the grey market has raised expectations of good listing returns.

Conclusion

The response received by the Nisus Finance Services IPO from investors reflects the credibility and future prospects of the company. If the premium and subscription trend of the grey market continues, this IPO can prove to be beneficial for new investors. However, investors should take care of their risk-management and complete information before investing in SME IPO.