The Nisus Financial Services IPO, valued at ₹114.24 crore, is in its second day and continues to draw significant interest. Here are the key highlights, including grey market premium (GMP), subscription status, and other critical details.
Key Highlights of Nisus Financial Services IPO
1. IPO Details
- Size: ₹114.24 crore
- Price Band: ₹180-₹190 per share
- Lot Size: 78 shares per lot
- Market Listing: BSE and NSE
2. Grey Market Premium (GMP)
- Current GMP: ₹58
- Estimated Listing Price: ₹238 per share
- Indicates strong investor confidence and demand.
3. Subscription Status (Day 2)
- Retail Investors: Oversubscribed due to high interest.
- Qualified Institutional Buyers (QIB): Steady growth in subscriptions.
- Non-Institutional Investors (NII): Moderate demand expected to rise.
4. Important Dates
- Opening Date: December 4, 2024
- Closing Date: December 6, 2024
- Allotment Date: December 11, 2024
- Listing Date: December 15, 2024
5. Investment Rationale
- Strong Financials: Consistent revenue and profit growth.
- Market Position: Diversified portfolio and established reputation.
- Growth Potential: Favorable industry trends and expansion opportunities.
6. Expert Recommendations
- Short-Term Gains: Strong GMP suggests potential listing gains.
- Long-Term Growth: Promising fundamentals for sustained returns.
Day 2 Subscription Status of Nisus Financial Services IPO
As of the second day of the Nisus Financial Services IPO, investor response has been promising, with strong participation across categories. Here’s a detailed update:
1. Overall Subscription
- The IPO has witnessed healthy interest across investor categories.
- Total Subscription: 2.5x (as of Day 2 close).
2. Category-Wise Breakdown
Retail Investors
- Oversubscribed: This segment has seen a high number of bids, reflecting strong demand among retail participants.
Qualified Institutional Buyers (QIB)
- Steady Interest: The QIB category is gaining momentum as institutional investors evaluate the IPO’s potential.
Non-Institutional Investors (NII)
- Moderate Demand: Subscriptions in this segment are expected to pick up on the final day.
3. Key Factors Driving Subscription
- Strong GMP of ₹58, indicating confidence in listing gains.
- Positive Market Sentiment: Investors are optimistic about the company’s growth potential and financial stability.
- Diverse Portfolio: The company’s diversified offerings make it a preferred choice for investors.
4. What to Expect
- Increased Demand on Day 3: Historically, IPOs see a surge in subscriptions on the final day.
- Final Oversubscription Likely: Retail and institutional segments are expected to exceed allotment limits.
Important Dates for Nisus Financial Services IPO
Stay on top of the timeline for the Nisus Financial Services IPO to ensure you don’t miss any key events:
1. IPO Schedule
- IPO Opening Date: December 4, 2024
- IPO Closing Date: December 6, 2024
- Allotment Finalization Date: December 11, 2024
- Refunds Initiation: December 12, 2024
- Credit of Shares to Demat Accounts: December 13, 2024
- Listing Date: December 15, 2024
2. Key Deadlines
- Objection Window for Applications: Closes on December 10, 2024.
- Payment Confirmation for Applications: Should be completed during the IPO period (December 4-6).
3. Post-IPO Actions
- Monitor Allotment: Check the allotment status using your PAN or application ID on the registrar’s website.
- Trading Begins: Shares can be traded on BSE and NSE starting December 15, 2024.
Strengths of Nisus Financial Services
- Strong Financials:
Consistent growth in revenue and profitability. - Market Leadership:
A key player in financial services with a diversified portfolio. - Growth Potential:
Positioned well to capitalize on India’s growing demand for financial solutions.
Investor Notes
- The grey market premium suggests strong investor confidence in the IPO.
- Analysts recommend this IPO for both short-term listing gains and long-term potential, given the company’s robust financial health and market position.
How to Subscribe
- Log in to your trading account or demat account.
- Go to the IPO section and select Nisus Financial Services IPO.
- Enter your bid quantity and price within the given range.
- Confirm and submit your application.
Conclusion
The Nisus Financial Services IPO continues to gain traction among investors, fueled by a solid GMP and high subscription rates. With its promising financials and growth outlook, it presents an attractive investment opportunity.
By Shehnaz Shaikh
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