NIS Management Ltd - IPO

NIS Management Ltd IPO Details

Initial public offer of 54,06,000 equity shares of face value of Rs. 10/- each (equity shares) of NIS Management Limited (NIS or the company) for cash at price of Rs. 111/- per equity share (including a share premium of Rs. 101/- per equity share) (the offer price), aggregating to Rs. 60.01 crores (the offer), comprising a fresh issue of 46,62,000 equity shares aggregating to Rs. 51.75 crores (the fresh issue) and an offer for sale of 7,44,000 equity shares (theoffered shares) of face value of Rs. 10/- each by Debajit Choudhury; (the selling shareholder) aggregating to Rs. 8.26 crores, out of which 3,30,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 111/- per equity share for cash, aggregating Rs. 3.66 crores will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The offer less market maker reservation portion i.e. net offer of 50,76,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 111/- per equity share for cash, aggregating to Rs. 56.34 crores ishereinafter referred to as the net offer. The offer and net offer will constitute 27.30% and 25.64% respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

To meet working capital requirements. General corporate purposes.

NIS Management Ltd Contact Details

NIS Management Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795