Nisus Finance Services' IPO has received an overwhelming response, closing with a subscription rate of 177.55 times on December 6.

The share sale attracted applications for 80.9 crore equity shares against an offer size of 45.56 lakh shares.

Non-institutional investors subscribed 324.43 times their reserved portion, while retail investors subscribed 139.78 times. Qualified institutional buyers subscribed 93.84 times.

Employee participation was lower, with employees purchasing 90 percent of their allocated shares.

The IPO saw strong interest from the beginning, achieving 2.92 times subscription on the first day and escalating to 18.81 times by the second day of bidding.

As the listing date approaches next week, the grey market premium for the shares has surged, indicating robust investor sentiment.