Nisus Finance Services secures BSE approval to launch IPO
Nisus Finance Services has received the approval from the Bombay Stock Exchange (BSE) for launching its initial public offering (IPO).
The issue will comprise a fresh issue of 57.80 lakh equity shares each with a face value of Rs 10, along with an offer for sale of up to 7,20,000 equity shares, aggregating to a total issue size of up to 65,00,000 equity shares.
The company plans to utilise the proceeds from the IPO to enhance fund setup, obtain additional licenses, and improve facility and fund management infrastructure in key financial hubs like IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius.
Nisus also plans to cover fundraising costs and placement fees for domestic and international markets, invest in its associate company Nisus Fincorp to boost its capital base, and address other general corporate purposes.
About Nisus Finance Services
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