The IPO of Nisus Finance Services, a company that offers a range of financial services including transaction advisory services, fund and asset management, private equity, venture debt, and capital solutions for corporate clients, seems to be getting investor support. The IPO was subscribed a total of 18.9 times on December 5. The Nisus Finance Services IPO opened for bidding on December 4 and will close on December 6. The IPO price has been set between ₹170 to ₹180 per equity share, with a face value of ₹10 per share. This is an SME IPO.
What is the GMP today?
According to investorgain.com, the Nisus Finance Services IPO GMP on Thursday is +65. That is, the share price of Nisus Finance Services was trading at a premium of ₹65 in the grey market. Considering the upper end of the IPO price band and the existing premium in the grey market, the estimated listing price of Nisus Finance Services share price is ₹245 per share, which is 36.11% higher than the IPO price of ₹180. It is seen that based on the last 26 sessions, Thursday’s IPO GMP is moving upwards
Who subscribed and how much on the second day
The subscription status of Nisus Finance Services IPO is 18.92 times so far on the second day. The retail portion was subscribed 27.35 times and the NII portion was booked 20.74 times. Apart from this, the QIB portion was booked 3.16 times. According to Livemint, the employee portion was subscribed 73%. According to the news, investors can bid for a minimum of 800 equity shares and thereafter in multiples of 800 shares.
In this, a minimum of Rs 1,44,000 will have to be invested for one lot. According to the data of Chittorgarh.com, the company has received bids for 7,95,64,000 shares against 42,05,600 shares at 16:33 IST. The subscription status of the IPO on the first day was 3.16 times.