BSE SME NIS Management IPO ends with subscription of 2.95 times

The initial public offer (IPO) of NIS Management received bids for 1,15,15,200 shares as against 39,00,000 shares on offer. The issue was subscribed 2.95 times. The issue opened for bidding on 25 August 2025 and it closed on 28 August 2025. The price of the IPO was fixed at Rs 105-111 per share. The equity shares will list on BSE’s SME platform. Qualified Institutional Buyers (QIBs) bid for 21,33,600 shares, Non-Institutional Investors (NIIs) for 74,08,800 shares, while Retail Individual Investors (RIIs) placed bids for 19,72,800 shares. The IPO comprised fresh issue of 46,62,000 shares and offer for sales (OFS) upto 7,44,000 shares. The promoter shareholding in the company diluted to 69.63% post- IPO from 95.99% pre-IPO. The company intends to utilize the net proceeds to meet working capital requirements and general corporate purposes. NIS Management is engaged in delivering security guards and investigative services. The company serves a diverse clientele including leading organisations such as Reliance Retail, Piramal Group, HDFC Bank, Torrent Power, and several key airports and government institutions across India. The company’s wholly owned subsidiary, NIS Facility Management Services Private Limited caters to state governments and public sector undertakings (PSUs) with comprehensive security solutions. As of, June 30, 2025, the company has 16,609 employees. Ahead of the IPO, NIS Management on Friday, 22 August 2025, raised Rs 16.71 crore from anchor investors. The board allotted15.06 lakh shares at Rs 111 each to 12 anchor investors. The company recorded revenue from operations of Rs 402.17 crore and net profit of Rs 18.66 crore for the period ended 31 March 2025.