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19 Nov 2024
Nisus Finance Services, a leading financial services provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 300 crore through an initial public offering (IPO).
The IPO will include a mix of fresh issuance and an offer-for-sale (OFS) by existing shareholders. The proceeds from the fresh issue are expected to be used for business expansion, debt repayment, and general corporate purposes.
Nisus Finance Services, known for its expertise in offering structured finance solutions and real estate investments, aims to strengthen its market presence through this public offering.
The company’s strategic growth plan includes diversifying its portfolio and enhancing its technological capabilities to meet the evolving needs of its clients.
The IPO will be managed by leading investment banks, and the shares are expected to be listed on the NSE and BSE, subject to regulatory approvals.
With this move, Nisus Finance Services joins a growing list of companies seeking to tap into the robust investor appetite in India's capital markets.
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