New Delhi, 2 September (Kiran News): Shares of security and facility management services provider NIS Management had a lacklustre debut in the stock market today, disappointing IPO investors. Issued at Rs 111 per share through its IPO, the company’s shares were listed at Rs 108—down by 2.70 percent—on the BSE SME platform. Following the weak listing, selling pressure drove the share price down to the lower circuit level of Rs 102.60. As a result, IPO investors incurred a loss of Rs 8.40 per share, or 7.48 percent, on the first day of trading.
NIS Management’s Rs 60.01 crore IPO was open for subscription from 25 to 28 August. The issue received an average response, with an overall subscription of 3.13 times. The reserved portion for Qualified Institutional Buyers (QIB) was subscribed 2.12 times, the portion for Non-Institutional Investors (NII) 9.15 times, and the retail investors’ portion 1.10 times. Under the IPO, new shares worth Rs 51.75 crore were issued, and 7.44 lakh shares of Rs 10 face value each were sold through the offer for sale window. The funds raised through the sale of new shares will be used by the company to meet its working capital requirements and for general corporate purposes.
According to the company’s prospectus, NIS Management’s financial health has consistently improved. The company posted a net profit of Rs 16.14 crore in the financial year 2022-23, which increased to Rs 18.38 crore in 2023-24 and further to Rs 18.67 crore in 2024-25. During this period, the company’s revenue grew at a compound annual growth rate (CAGR) of over 8 percent to reach Rs 405.33 crore. The company’s debt saw fluctuations, rising from Rs 87.22 crore at the end of 2022-23 to Rs 91.11 crore at the end of 2023-24, before declining slightly to Rs 83.78 crore at the end of 2024-25.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
