Nisus Finance Services' IPO has received significant interest, with subscriptions reaching 18.81 times on the second day of bidding. The company aims to raise Rs 114.2 crore through a combination of a fresh issue of 56.45 lakh shares and an offer-for-sale of 7 lakh shares, priced between Rs 170-180 per share.

Retail investors showed strong demand, subscribing 29.07 times their reserved portion, while non-institutional investors booked 16.72 times their allotted quota. Qualified institutional buyers also participated, with their portion subscribed 3.41 times.

The BSE subscription data reveals that investors purchased 8.57 crore equity shares over the first two days, far exceeding the offer size of 45.56 lakh shares, with 81,475 applications submitted. Market indicators from the grey market suggest a positive listing performance anticipated for next week, reflecting investor confidence in the financial services firm, which specializes in transaction advisory and fund and asset management.