The IPO of Nisus Finance Services will close for bidding on Friday, December 6. The bidding for Rs 114.24 crore primary stake sale had kicked off on Wednesday, December 4. The company is offering its shares in the range of Rs 170-180 apiece with a lot size of 800 equity shares. The IPO was subscribed 27.99 times on day two, including retail portion at 27.35 times, and NII portion at 20.74 times.
Since 2013, Nisus Finance Services is offering financial services such as transaction advisory services, fund and asset management, private equity and venture debt and capital solutions to corporate clients. Ahead of its IPO, Nisus Finance Services raised Rs 32.21 crore from anchor investors which included names like Chhattisgarh Investments, Negen Undiscovered Value Fund, Alpha Alternatives Financial Services, NAV Capital, Nexus Equity Growth Funds, Saint Capital, M7 Global Fund PCC, Next Orbit Growth Fund, Ashika Global Securities and others.
Outlook Business talked to Amit Goenka, MD & CEO at Nisus Finance Services about his roadmap, vision for the future prospects of the company and overall outlook on the real estate industry. He shared a detailed view on his strategy, growth outlook and long-term value creation for investors. Read the edited excerpts:
How do you aim to position yourself in the competitive financial services sector? What gives you an edge compared to your peers?
We are addressing the $15 billion recoverable stressed assets space within India real estate with our RESO fund of Rs 1,700 crore target corpus. We collaborate with our peers including other funds, NBFCs, ARCs and institutions to have a significant share of this opportunity set. Our transaction advisory services are at the forefront of providing solutions for stuck or stalled projects, helping unlock value for the funds. This makes our investments and value proposition differentiated and holistic.
As per World Bank, India’s urban infrastructure requires $840 billion by 2036, with only 5 per cent currently met through private funding, making the total market space large enough for our curated investments.
What strategic advantages does NIFCO’s focus on real estate financing and capital markets offer in today’s economic environment?
NIFCO leverages its ability to anticipate market trends, adopting a first-mover approach in high-potential markets and products. We pioneered India's special situations credit fund and established a platform in GIFT City for Indian investors to access the Gulf Region's $1 trillion real estate market. We recall an extensive collaborative engagement with all stakeholders in the real estate value chain, significant skin in the game and high-performance team are our strategic advantages.
We can not transact just in the key metros of India but across 12 cities today and adding over 8-10 cities each year in our scope. Economic growth has shifted to emerging metros which we are poised to capture to our benefit. We remain focused on a building a high-quality portfolio, ensuring superior risk-adjusted returns.
How do you differentiate yourself in highly competitive fund management and asset management business? What are your key strengths and areas of focus?
By combining foresight, regulatory alignment, and disciplined execution, NIFCO delivers strong investor confidence and consistently outperforms market benchmarks while addressing critical urban infrastructure needs. Our decade-long track record, and multiple recognitions for performance for our fund manager is bringing significant gravity of capital seekers and domestic and global investors to us.
With an in-house team of qualified CAs, MBAs, engineers, and lawyers, as well as an expert partner network, we meticulously identify and support high-potential investment opportunities. This multidisciplinary approach maximizes returns for our investors while contributing to sustainable urban development.
What is your broader view on financial services industry and it's growth? Also, how do you see a number of people looking to raise funds via primary route?
India's financial services industry is poised for significant growth, aligning with the government's vision for 2047, which emphasises robust economic development and infrastructure expansion. The sector's evolution is crucial in mobilizing capital for various initiatives, including urban infrastructure and real estate development.
Alternative Investment Funds (AIFs) have emerged as pivotal players in this landscape. A recent CRISIL report indicates that AIFs have delivered a 13.5% internal rate of return (IRR) alpha over the S&P BSE Sensex during 2013-2023, underscoring their superior performance compared to traditional public market indices.
This highlights the growing investor confidence in private investment vehicles and their critical role in supporting India's economic aspirations.
We contribute to this growth through our twin engines: Fund and Asset Management, and Transaction Advisory Services. Our approach involves not just providing capital but also delivering comprehensive solutions.
What opportunities does the Indian real estate financing market present for NIFCO’s growth post-IPO?
The Indian real estate financing market presents immense opportunities for NIFCO, particularly in the context of the government’s push for infrastructure development and urbanisation under its Vision 2047 agenda of Viksit Bharat.
Post-IPO, NIFCO aims to expand its footprint in both tier-1 and tier-2 cities, strengthening partnerships with developers and institutions. Our product offerings, growth in investible corpus and geographic presence can expand multi fold times post the IPO.
What measures is NIFCO taking to ensure long-term value creation for its investors in a dynamic market environment?
The financial markets today are highly dynamic, requiring agility, foresight, and a commitment to transparency to create long-term value. At NIFCO, we are proud to lead the change as the first private fund manager and financial services company in India to go public, setting a benchmark for transparency and accountability. This move empowers the public to monitor not only fund performance but also the performance of fund managers, fostering greater trust and confidence among investors.
NIFCO’s journey is accelerating, with our AUMs with a target of over 80 per cent to100 per cent annual growth over the next few years—a testament to our strategic focus and execution. With the support of our advisors, we are now raising global capital to further expand our footprint and impact. For us, this is just the beginning of a transformative journey to deliver consistent returns, contribute to India’s growth story, and set new standards for value creation in the financial services industry.
What has been growth of the industry and how do you aim to maintain this pace? Do you think there is enough room available for small players or big fishes will rule the ocean?
The financial services industry is witnessing rapid expansion, with AIF commitments growing at over 30 per cent CAGR. While large players dominate scale, the market provides significant room for agile, specialised firms like NIFCO to thrive. Our focus on collaboration, niche expertise, and disciplined execution ensures sustained growth while setting new standards for the industry.
