NIS Management IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Aug 25 to Aug 28 2025
Price Band
₹111
Current GMP
₹108(-2.70%)
Subscription
3.13 times
IPO Details
| IPO Date | August 25, 2025 to August 28, 2025 |
| Listing Date | September 2, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 54,06,000 shares (aggregating up to ₹60.01 Cr) |
| Reserved for Market Maker | 3,30,000 shares (aggregating up to ₹3.66 Cr)Share India Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 43,32,000 shares (aggregating up to ₹48.09 Cr) |
| Offer for Sale | 7,44,000 shares of ₹10 (aggregating up to ₹8.26 Cr) |
| Net Offered to Public | 50,76,000 shares (aggregating up to ₹56.34 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 |
IPO Date
August 25, 2025 to August 28, 2025
Listing Date
September 2, 2025
Face Value
₹10 per share
Issue Price
₹111 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
54,06,000 shares (aggregating up to ₹60.01 Cr)
Reserved for Market Maker
3,30,000 shares (aggregating up to ₹3.66 Cr)Share India Securities Ltd.
Fresh Issue (Ex Market Maker)
43,32,000 shares (aggregating up to ₹48.09 Cr)
Offer for Sale
7,44,000 shares of ₹10 (aggregating up to ₹8.26 Cr)
Net Offered to Public
50,76,000 shares (aggregating up to ₹56.34 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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 2.12 |
| Non-Institutional Buyers*** | 9.15 |
| bNII (bids above ₹10L) | 12.89 |
| sNII (bids below ₹10L) | 1.67 |
| Individual Investors (IND category bidding for 2 Lots) | 1.10 |
| Total ** | 3.13 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
2.12
Non-Institutional Buyers***
9.15
bNII (bids above ₹10L)
12.89
sNII (bids below ₹10L)
1.67
Individual Investors (IND category bidding for 2 Lots)
1.10
Total **
3.13
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Aug 25, 2025 | 0.00 | 1.33 | 1.44 | 1.13 | 0.17 | 0.37 |
| Day 2 Aug 26, 2025 | 0.45 | 1.36 | 1.44 | 1.20 | 0.38 | 0.61 |
| Day 3 Aug 28, 2025 | 2.12 | 9.15 | 12.89 | 1.67 | 1.10 | 3.13 |
DayDay 1
Aug 25, 2025
QIB (Ex Anchor)0.00
NII*1.33
NII (> ₹10L)1.44
NII (< ₹10L)1.13
Individual Investors0.17
Total0.37
DayDay 2
Aug 26, 2025
QIB (Ex Anchor)0.45
NII*1.36
NII (> ₹10L)1.44
NII (< ₹10L)1.20
Individual Investors0.38
Total0.61
DayDay 3
Aug 28, 2025
QIB (Ex Anchor)2.12
NII*9.15
NII (> ₹10L)12.89
NII (< ₹10L)1.67
Individual Investors1.10
Total3.13
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 02-09-2025 | 111.00 | 0(0.00%) | 111 |
| 01-09-2025 | 111.00 | 0(0.00%) | 111 |
| 31-08-2025 | 111.00 | 0(0.00%) | 111 |
| 30-08-2025 | 111.00 | 0(0.00%) | 111 |
| 29-08-2025 | 111.00 | 0(0.00%) | 111 |
| 28-08-2025 | 111.00 | 0(0.00%) | 111 |
| 27-08-2025 | 111.00 | 7(6.31%) | 118 |
| 26-08-2025 | 111.00 | 7(6.31%) | 118 |
| 25-08-2025 | 111.00 | 7(6.31%) | 118 |
| 24-08-2025 | 111.00 | 7(6.31%) | 118 |
| 23-08-2025 | 111.00 | 7(6.31%) | 118 |
| 22-08-2025 | 111.00 | 7(6.31%) | 118 |
| 21-08-2025 | 111.00 | 0(0.00%) | 111 |
| 20-08-2025 | 111.00 | 0(0.00%) | 111 |
Date02-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date01-09-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date31-08-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date30-08-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date29-08-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date28-08-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date27-08-2025
Price111.00
GMP7(6.31%)
Estimate List Price118
Date26-08-2025
Price111.00
GMP7(6.31%)
Estimate List Price118
Date25-08-2025
Price111.00
GMP7(6.31%)
Estimate List Price118
Date24-08-2025
Price111.00
GMP7(6.31%)
Estimate List Price118
Date23-08-2025
Price111.00
GMP7(6.31%)
Estimate List Price118
Date22-08-2025
Price111.00
GMP7(6.31%)
Estimate List Price118
Date21-08-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
Date20-08-2025
Price111.00
GMP0(0.00%)
Estimate List Price111
IPO Important Dates
| IPO Open Date | Mon, Aug 25, 2025 |
| IPO Close Date | Thu, Aug 28, 2025 |
| Tentative Allotment | Fri, Aug 29, 2025 |
| Initiation of Refunds | Mon, Sep 1, 2025 |
| Credit of Shares to Demat | Mon, Sep 1, 2025 |
| Tentative Listing Date | Tue, Sep 2, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 28, 2025 |
IPO Open Date
Mon, Aug 25, 2025
IPO Close Date
Thu, Aug 28, 2025
Tentative Allotment
Fri, Aug 29, 2025
Initiation of Refunds
Mon, Sep 1, 2025
Credit of Shares to Demat
Mon, Sep 1, 2025
Tentative Listing Date
Tue, Sep 2, 2025
Cut-off time for UPI mandate confirmation
5 PM on August 28, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual investors (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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,66,400
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,66,400
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,99,600
ApplicationS-HNI (Max)
Lots7
Shares8,400
Amount₹9,32,400
ApplicationB-HNI (Min)
Lots8
Shares9,600
Amount₹10,65,600
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 255.11 | 247.44 | 225.72 |
| Total Income | 405.33 | 380.06 | 341.93 |
| Profit After Tax | 18.67 | 18.38 | 16.14 |
| EBITDA | 26.30 | 31.12 | 28.32 |
| Net Worth | 152.00 | 132.94 | 114.55 |
| Reserves and Surplus | 137.14 | 125.97 | 107.57 |
| Total Borrowing | 83.78 | 91.11 | 87.22 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025255.11
31 Mar 2024247.44
31 Mar 2023225.72
Period EndedTotal Income
31 Mar 2025405.33
31 Mar 2024380.06
31 Mar 2023341.93
Period EndedProfit After Tax
31 Mar 202518.67
31 Mar 202418.38
31 Mar 202316.14
Period EndedEBITDA
31 Mar 202526.30
31 Mar 202431.12
31 Mar 202328.32
Period EndedNet Worth
31 Mar 2025152.00
31 Mar 2024132.94
31 Mar 2023114.55
Period EndedReserves and Surplus
31 Mar 2025137.14
31 Mar 2024125.97
31 Mar 2023107.57
Period EndedTotal Borrowing
31 Mar 202583.78
31 Mar 202491.11
31 Mar 202387.22
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| NIS Management Limited | 12.38 | 12.38 | 100.59 | 13.10 | ||
| 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 | 64.86 | 64.86 | 550.36 | 29.68 | 12.71 | 3.50 |
Company NameNIS Management Limited
EPS (Basic)12.38
EPS (Diluted)12.38
NAV (per share) (Rs)100.59
P/E (x)
RoNW (%)13.10
P/BV Ratio
Company NameQuess Corp Limited
EPS (Basic)3.08
EPS (Diluted)3.07
NAV (per share) (Rs)72.92
P/E (x)100.10
RoNW (%)1.88
P/BV Ratio4.28
Company NameSis Limited
EPS (Basic)0.82
EPS (Diluted)0.81
NAV (per share) (Rs)166.79
P/E (x)467.68
RoNW (%)-0.37
P/BV Ratio2.31
Company NameTeamlease Services Limited
EPS (Basic)64.86
EPS (Diluted)64.86
NAV (per share) (Rs)550.36
P/E (x)29.68
RoNW (%)12.71
P/BV Ratio3.50
IPO Reservation
| Market Maker Shares Offered | 3,30,000 (6.10%) |
| QIB Shares Offered | 25,14,000 (46.50%) |
| − Anchor Investor Shares Offered | 15,06,000 (27.86%) |
| − QIB (Ex. Anchor) Shares Offered | 10,08,000 (18.65%) |
| NII (HNI) Shares Offered | 7,74,000 (14.32%) |
| − bNII > ₹10L | 5,16,000 (9.54%) |
| − sNII < ₹10L | 2,58,000 (4.77%) |
| Retail Shares Offered | 17,88,000 (33.07%) |
| Total Shares Offered | 54,06,000 (100.00%) |
Market Maker Shares Offered
3,30,000 (6.10%)
QIB Shares Offered
25,14,000 (46.50%)
− Anchor Investor Shares Offered
15,06,000 (27.86%)
− QIB (Ex. Anchor) Shares Offered
10,08,000 (18.65%)
NII (HNI) Shares Offered
7,74,000 (14.32%)
− bNII > ₹10L
5,16,000 (9.54%)
− sNII < ₹10L
2,58,000 (4.77%)
Retail Shares Offered
17,88,000 (33.07%)
Total Shares Offered
54,06,000 (100.00%)
Information about company
Incorporated in 1985, NIS Management Limited is engaged in the business of security and facility management based in Kolkata.
The company offers a range of services, including manned guarding, electronic surveillance, facility management, payroll processing, and housekeeping.
The company has experienced significant growth, expanding from a five-person operation in 1985 to a substantial presence in the security services industry.
The company has expanded to include 14 branches, strategically positioned to optimize service delivery across diverse locations. The company remains committed to delivering exceptional, locally tailored service with high operational standards.
Services:
Security Services: Round the clock vigilance, Night Patrol, Fire & Safety Training, Help desk Operation etc.
Integrated Facility Management: The company combines all facility contracts and strategies under one system, streamlining operations, improving communication, enhancing efficiency, and offering better oversight for growing organizations.
Housekeeping Services: Maintaining master data base of all employees, Entering attendance data, Leaves, Overtime, Monthly Reimbursements, and changes in salary if any, Processing of HR and Pay particulars for new recruits from offer letter etc.
As of, June 30, 2025, the company had 16609 numbers of employees including contract labors.
Competitive Strengths:
Strong Regional Presence and Manpower Sourcing.
High Core to Associate Ratio
Mobile Application-Based Attendance System
QR Code Technology for Employee Monitoring
NSDC Certified Training Provider
Objectives of IPO
The Company NIS Management IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
To Meet Working Capital Requirements
36.00
2
General Corporate Purpose
Disclaimer
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