NIS Management SME: Check IPO Date, Live Subscription and Key Details
NIS Management Ltd. is a service company that provides integrated security and facility management solutions. Its services include manned guarding, electronic surveillance, facility management, housekeeping, and payroll processing. The company also offers specialized services such as fire & safety training and access control system management. It has a strong regional presence in India, with 14 branches across multiple states and a workforce of over 16,600 employees, including contractual staff, as of March 31, 2024. The company has a diverse client base, including government institutions, PSUs, airports, and major retail and hospitality brands.
Price Range
₹105.00-111.00
Issue Size
₹56.34 Cr
Lot Size
1,200 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹111
Estimate Profit
-
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
9.29
P/E Ratio
11.94
RoNW
13.1%
ROE
13.1%
Debt to Equity
0.55
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Timeline
IPO Opens
25 Aug
IPO Closes
28 Aug
Allotment
29 Aug
Listing
2 Sept
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 25 August 2025 | Subscription starts |
| IPO Close Date | 28 August 2025 | Subscription ends |
| Allotment Date | 29 August 2025 | Allotment |
| Listing Date | 2 September 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,66,400 |
SHNI (Min) | 3 | ₹3,99,600 |
SHNI (Max) | 7 | ₹9,32,400 |
BHNIAbove ₹10,00,000 | 8 | ₹10,65,600 |
IPO Objectives
- To Meet Working Capital Requirements.
- General Corporate Purpose.
Strengths
- The company has a strong regional presence and a long track record since 1985, with a large workforce of over 16,600 employees.
- It offers a diverse range of services, including security, electronic surveillance, and facility management, which provides comprehensive solutions for clients.
- The business has a tech-enabled approach with a mobile application-based attendance system for efficient service delivery.
- The company is an NSDC Certified Training Provider, which ensures a skilled and high-quality workforce.
- It has shown consistent financial growth in revenue and profitability over the past three years, with a diverse clientele across government, PSUs, and major brands.
Weaknesses
- The business has heavy revenue concentration in West Bengal, making it vulnerable to regional economic or political factors.
- It's a working-capital-intensive business with high debtor days and large receivables, which can strain cash flow and liquidity.
- The company faces intense competition in a highly fragmented market, which can put pressure on contract renewals and margins.
- Its margins are vulnerable to fluctuations in wages due to its 'wage-plus-service-charge' pricing model.
- The company is exposed to delays in collecting payments, particularly from government and PSU clients.
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Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 255.11 | 247.44 | 225.72 | 213.75 |
| Revenue (₹ Cr.) | 405.33 | 380.06 | 341.93 | 295.26 |
| PAT (₹ Cr.) | 18.67 | 18.38 | 16.14 | 13.25 |
| Net Worth (₹ Cr.) | 152 | 132.94 | 114.55 | 98.41 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Globtier Infotech | 0.61 | 11.94 | 13.1% | 152 |
| Quess Corp Limited | 3.66 | 44.44 | 18.61% | 1,086 |
| Sis Limited | 2.2 | 131.13 | 10.88% | 2,408 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0.45x | 2.12x |
| NII | 1.33x | 1.36x | 9.15x |
| S-HNI | 1.13x | 1.2x | 1.67x |
| B-HNI | 1.44x | 1.44x | 12.89x |
| RII | 0.17x | 0.38x | 1.1x |
| Total | 0.37x | 0.61x | 3.13x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 10,08,000 | 21,33,600 | 23.68 |
| NII | 7,74,000 | 70,78,800 | 78.57 |
| Small NII | 2,58,000 | 4,29,600 | 4.77 |
| Big NII | 5,16,000 | 66,49,200 | 73.81 |
| RII | 17,88,000 | 19,72,800 | 21.9 |
| Total | 35,70,000 | 1,11,85,200 | 124.16 |
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Company Details
- NIS Management Ltd.
- 01st Floor, Fl-1A(W) 489 Madurdaha, Kalikapur, Kolkata, West Bengal-700107
- +91-9836205111
- info@nis.co.in
- https://nis.co.in/
Registrar Details
- Maashitla Securities Pvt.Ltd.
- +91-11-45121795-96
- Investor.ipo@maashitla.com
- https://maashitla.com/allotment-status/public-issues
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