Nisus Finance Services' IPO was oversubscribed 177.55 times, closing its Rs 114-crore share sale on December 6. Investors applied for 80.9 crore equity shares against an offer of 45.56 lakh shares, with non-institutional investors leading at 324.43 times their reserved portion. Retail and qualified institutional buyers also showed strong interest, while employee participation was modest at 90%.
Nisus Finance Services' IPO has garnered significant interest, with a subscription rate of 18.81 times on the second day of bidding. The company aims to raise Rs 114.2 crore through a mix of fresh shares and an offer-for-sale, with retail investors subscribing 29.07 times their portion. The grey market indicates a promising listing performance next week.
Nisus Finance Services' IPO was oversubscribed 2.92 times on its first day, December 4, reflecting strong demand from various investor categories. The company aims to raise Rs 114.24 crore by offering 63.46 lakh equity shares at a price band of Rs 170-180 per share. Retail investors subscribed 3.75 times their quota, while qualified institutional buyers and non-institutional investors subscribed 2.89 times and 1.6 times, respectively.
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