Nisus Finance Services Co's IPO received strong demand, being oversubscribed 2.92 times on its first day of bidding. The company aims to raise Rs 114.24 crore by offering 63.46 lakh equity shares, with a price band set between Rs 170 and Rs 180 per share.

The IPO attracted significant interest from various investor categories, with a total of 1.32 crore equity shares subscribed against an offer size of 45.56 lakh shares. Retail investors demonstrated strong participation, bidding 3.75 times their allotted quota, while qualified institutional buyers and non-institutional investors subscribed 2.89 times and 1.6 times, respectively.

However, employee participation was notably low, with only 10 percent of the reserved shares being purchased. The strong oversubscription reflects a positive market sentiment towards the company's offerings and growth potential.