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NIS Management IPO

₹1,26,000/1,200 shares

Minimum Investment

IPO Details

Open Date

25 Aug 25

Close Date

28 Aug 25

Minimum Investment

1,26,000

Lot Size

1,200

Price Range

105 to ₹111

Listing Exchange

BSE

Issue Size

60.01 Cr

Listing Date

02 Sep 25

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NIS Management IPO Timeline

Bidding Start

25 Aug 25

Bidding Ends

28 Aug 25

Allotment Finalisation

29 Aug 25

Refund Initiation

01 Sep 25

Demat Transfer

01 Sep 25

Listing

02 Sep 25

NIS Management Limited

Incorporated in 1985 and headquartered in Kolkata, NIS Management Limited is a leading provider of security and facility management services. The company offers comprehensive solutions, including manned guarding, electronic surveillance, integrated facility management, payroll processing, and housekeeping. From a modest five-person operation, it has grown to a workforce of approximately 16,000 employees, serving over 600 clients across 14 states. With 14 strategically located branches, NIS delivers locally tailored services with high operational standards. Its offerings include round-the-clock security, fire and safety training, help desk support, streamlined facility management, and detailed HR and payroll processing.

NIS Management Limited IPO Overview

NIS Management IPO is a book-built issue worth ₹60.01 crores, comprising a fresh issue of 0.47 crore shares aggregating to ₹51.75 crores and an offer for sale of 0.07 crore shares totaling ₹8.26 crores. The IPO opens for subscription on 25 August 2025 and closes on 28 August 2025, with allotment expected to be finalised on 29 August 2025. The shares are proposed to list on BSE SME on 2 September 2025. The price band is set between ₹105 and ₹111 per share, with a lot size of 1,200 shares. Retail investors must invest a minimum of ₹2,52,000 for 2,400 shares, while HNIs must invest at least three lots, amounting to ₹3,99,600. Share India Capital Services Pvt. Ltd. is the book running lead manager, Maashitla Securities Pvt. Ltd. is the registrar, and Share India Securities Ltd. acts as the market maker.

NIS Management Limited IPO Details

Particulars Details
IPO Date 25 August 2025 to 28 August 2025
Listing Date 2 September 2025
Face Value ₹10 per share
Issue Price Band ₹105 to ₹111 per share
Lot Size 1,200 Shares
Total Issue Size 54,06,000 shares (aggregating up to ₹60.01 Cr)
Fresh Issue 43,32,000 shares (aggregating up to ₹48.09 Cr)
Offer for Sale 7,44,000 shares (aggregating up to ₹8.26 Cr)
Issue Type Bookbuilding IPO
Listing At BSE SME
Share Holding Pre Issue 1,51,38,094 shares
Share Holding Post Issue 1,98,00,094 shares
Market Maker Portion 3,30,000 shares (₹3.66 Cr)

NIS Management Limited IPO Reservation

Investor Category Shares Offered
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Offer
NII (HNI) Not less than 15% of the Net Offer

NIS Management Limited IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 2,400 ₹2,66,400
Retail (Max) 2 2,400 ₹2,66,400
S-HNI (Min) 3 3,600 ₹3,99,600
S-HNI (Max) 7 8,400 ₹9,32,400
B-HNI (Min) 8 9,600 ₹10,65,600

NIS Management Limited IPO Promoter Holding

Shareholding Status Percentage
Pre-Issue 95.99%
Post-Issue 69.63%

NIS Management Limited IPO Valuation Overview

KPI Value
EPS 12.15 (Pre-IPO), 9.29 (Post-IPO)
P/E Ratio 9.13 (Pre-IPO), 11.94 (Post-IPO)
RoNW 13.10%
ROCE 17.63%
EBITDA Margin 6.54%
PAT Margin 4.64%
Debt to Equity Ratio 0.55
Price to Book Value 0.61

Objectives of the Proceeds

  • To meet working capital requirements – ₹40 Cr
  • General corporate purposes, including expansion and operational improvements

Key Financials (in ₹ Crore)

Particulars 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 247.44 225.72 213.75
Revenue 380.06 341.93 295.26
Profit After Tax 18.4 16.14 13.25
Reserves and Surplus 125.97 107.57 91.43
Total Borrowings 91.11 87.22 86.79

SWOT Analysis of NIS Management IPO

Strength and Opportunities

  • Strong regional presence and workforce of over 16,000 employees across 14 states
  • Advanced mobile app attendance and QR monitoring improve operational efficiency
  • NSDC certified training ensures skilled workforce and compliance standards
  • Growing demand for integrated facility management services in corporate and government sectors

Risks and Threats

  • Heavy reliance on key regional markets may limit national expansion opportunities
  • High competition in security and facility management can pressure margins
  • Employee attrition and labor shortages could affect service delivery
  • Regulatory changes in labor and security standards could increase costs

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About NIS Management Limited

NIS Management IPO Strengths

  • Strong regional presence with 16,000 personnel ensures timely and efficient service delivery.
  • High core-to-associate workforce ratio improves operational quality and reliability.
  • Mobile app-based attendance and QR monitoring enhance workforce tracking and productivity.
  • NSDC certified training provides skilled workforce, improving compliance and client confidence.
  • Integrated facility management services cater to corporate, government, and educational sectors.

Peer Comparison

Company Name EPS (Basic) EPS (Diluted) NAV per share (₹) P/E (x) RoNW (%) P/BV Ratio
NIS Management Ltd. 12.38 12.38 100.59 9.13 13.10 0.61
Quess Corp Limited 3.08 3.07 72.92 100.10 1.88 4.28
SIS Limited 0.82 0.81 166.79 467.68 -0.37 2.31
Teamlease Services Limited

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