Nisus Finance Services Co Ltd

Nisus Finance Services Co. will hold a meeting of the Board of Directors of the Company on 29 May 2025.Powered by Capital Market - Live

Nisus Finance Services Co has successfully exited its investment in a self-redevelopment housing project in Mumbai, delivering an impressive Internal Rate of Return (IRR) of approximately 21%. Nisus Finance had strategically invested Rs 22 crore in one of Mumbai's self-redevelopment projects located in Pestom Sagar, Ghatkopar. Trilogy Developers acted as the Development Manager for the project. Commenting on the development Amit Anil Goenka, Chairman & Managing Director, of Nisus Finance Services Co said: 'We are pleased with the outcome of our investment in this self-redevelopment project. This exit reinforces our expertise in identifying and supporting high-potential real estate ventures while generating strong returns. The self-redevelopment model is gaining momentum in Mumbai, and we look forward to further opportunities in this space'Powered by Capital Market - Live

Nisus Finance Services Co  announced the acquisition of two Grade A residential gems in Dubai's thriving neighbourhoods' Jumeirah Village Circle (JVC) and Al Furjan. These acquisitions, facilitated through the Nisus High Yield Growth Fund Closed-Ended IC, registered in the Dubai International Financial Centre (DIFC), mark a significant milestone in the fund's trajectory. These strategic investments contribute USD 55 million to the assets under management (AUM) of the Nisus High Yield Growth Fund Closed-Ended IC, underscoring its robust growth and positioning it as a key player in the region. The newly acquired properties, nestled in prime locations, are primed to tap into Dubai's thriving real estate market. The city's home sales surged by 25% in Q3 2024, fueled by a strong economy, burgeoning tourism, and an expanding international community. With Dubai's GDP projected to grow at an impressive 4.6%, the city offers unparalleled opportunities for excellent returns and long-term value. Commenting on the development Amit Anil Goenka, Chairman & Managing Director, of Nisus Finance Services Co said: 'we are thrilled to expand our portfolio with two premium properties in Dubai, fueling the growth of the Nisus High Yield Growth Fund. With these strategic acquisitions, we're tapping into the pulse of Dubai's booming real estate market, delivering lasting value, and ensuring outstanding returns for our investors. The future is bright, and we're just getting started'. Powered by Capital Market - Live

Nisus Finance Services Co. has adjourned the meeting of the Board of Directors which was scheduled to be held on 20 December 2024. The meeting will now be held on 24 December 2024.Powered by Capital Market - Live

Nisus Finance Services Co. will hold a meeting of the Board of Directors of the Company on 24 December 2024.Powered by Capital Market - Live

Nisus Finance Services Co. will hold a meeting of the Board of Directors of the Company on 20 December 2024.Powered by Capital Market - Live

The scrip was listed at Rs 225, at a premium of 25% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 236.25 and a low of Rs 225. About 21.58 lakh shares of the company changed hands at the counter. Nisus Finance Services Co's IPO was subscribed 177.53 times. The issue opened for bidding on 4 December 2024 and it closed on 6 December 2024. The price band of the IPO was set at Rs 170 to Rs 180 per share. The issue size comprised of fresh issue of 38,56,000 and offer for sale (OFS) of 7,00,800 shares. The promoter and promoter group shareholding diluted to 73.22% from 99.74% pre-issue. The company intends to utilize the net proceeds to meet augmenting fund setup, additional licenses, facility management services and fund management infrastructure in IFSC-Gift City (Gandhinagar), DIFC-Dubai (UAE) and FSC- Mauritius, fund raising cost, distribution and placement fee to third party distributors or agents in India or international markets for creation of a pool of funds, investment in subsidiary company viz. Nisus Fincorp (RBI Registered NBFC), for augmenting the capital base and general corporate purpose. Ahead of the Nisus Finance Services Co on 3 December 2024, raised Rs 32.21 crore from anchor investors. The board allotted 17.89 lakh shares at Rs 180 per share to 11 anchor investors. Nisus Finance Services Co. primarily provides transaction advisory services. Its subsidiaries focus on real estate and urban infrastructure fund and asset management. Operating under the Nisus Finance Group/NiFCO brand, the company collaborates closely with developer partners to tailor solutions that align with its advisory clients' long-term business plans. The firm's fund business leverages a research-driven approach and capitalizes on emerging market trends to foster strong relationships with a diverse range of stakeholders. As of 30 June 2024, the company had 34 employees. The company recorded revenue from operations of Rs 13.58 crore and net profit of Rs 8.30 crore for the period as on 30 June 2024. Powered by Capital Market - Live