NIS Management Ltd., a Kolkata-based security and facility management company, has launched its SME IPO on the BSE SME platform. The issue opened today, August 25, 2025, and will close on August 28, 2025.
📌 IPO Key Highlights
- IPO Type: SME IPO
- Issue Size: Approx. ₹60 crore
- Fresh Issue: ~₹51.75 crore
- Offer for Sale (OFS): ~₹8.26 crore
- Price Band: ₹105 – ₹111 per equity share
- Lot Size: 1,200 shares (Retail investors must apply for minimum 2 lots = 2,400 shares ≈ ₹2.52 lakh at upper band)
- Listing Exchange: BSE SME
- Face Value: ₹10 per share
📊 IPO Timeline
- Issue Opening Date: August 25, 2025
- Issue Closing Date: August 28, 2025
- Basis of Allotment: August 29, 2025
- Refunds Initiation / Credit to Demat: September 1, 2025
- Listing Date: September 2, 2025
🏢 Company Overview
Founded in 1985, NIS Management Ltd. is engaged in providing integrated security and facility management services.
- Services include manned guarding, CCTV surveillance, housekeeping, payroll services, and other facility solutions.
- Operates in 14 Indian states with a workforce of around 16,600 employees.
- The company serves diverse industries including corporate offices, industries, malls, educational institutions, and hospitals.
📑 Financial Performance
- FY25 Revenue: ₹405.33 crore (7% growth YoY)
- FY25 Profit After Tax (PAT): ₹18.67 crore (2% growth YoY)
- FY24 Revenue: ₹380.06 crore
- FY24 PAT: ₹18.38 crore
The financials reflect steady but moderate growth, with consistent profitability.
🎯 Objective of the Issue
The IPO proceeds will be utilized for:
- Working Capital Requirements: ~₹36 crore
- General Corporate Purposes
This indicates the company’s focus on expanding its operational capacity.
📌 Market Impact & Retail Investor Takeaway
- Strengths: Established brand in facility management, wide geographic presence, long industry experience.
- Risks: High competition in security services, modest profit margins, SME platform listing (higher volatility).
- Investor View: While the company shows consistent revenues and a large operational footprint, retail investors should weigh the modest GMP and thin profit margins before applying.
📊 Quick View Table
| Aspect | Details |
|---|---|
| IPO Size | ₹60 crore (Fresh + OFS) |
| Price Band | ₹105 – ₹111 |
| Lot Size | 1,200 shares (min 2 lots for retail) |
| GMP | ₹7 (~6% premium) |
| Revenue (FY25) | ₹405.33 crore |
| Profit (FY25) | ₹18.67 crore |
| Employees | ~16,600 |
| Listing Date | September 2, 2025 |
📌 Should You Apply?
NIS Management is a long-standing player in facility management with a wide operational footprint and steady revenues. However, profit margins are thin, and the listing is on the SME platform, which can be more volatile.
- Pros: Established brand, strong workforce, consistent revenue growth.
- Cons: Low GMP, modest subscription on Day 1, competitive industry.
👉 Conservative investors may wait and watch the subscription trend before applying, while risk-tolerant investors may consider it for long-term growth potential.
Subscription
| Investor | 25 Aug 2025 | 26Aug 2025 | 28Aug 2025 |
|---|---|---|---|
| Anchor | |||
| QIB | 0.00 | ||
| Non-Institutional | 1.09 | ||
| BNII | 1.08 | ||
| SNII | 1.13 | ||
| Retail | 0.16 | ||
| Total | 0.32 |
GMP Trend:
| Date | GMP |
|---|---|
| 25 Aug 2025 | ₹7(6.31%) |
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.
How to Check IPO Allotment Status:
Maashitla Securities
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
NSE Website
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
BSE Webiste
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
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- ⚠️ IPO (Initial Public Offerings)
- IPO details, issue size, subscription data, and allotment status shared here are based on publicly available information from company filings, stock exchanges, and merchant bankers.
- Investing in IPOs carries risks including listing volatility, business uncertainties, and sector performance dependency.
- Neither acceptance of applications nor allotment guarantees profits. Investors should evaluate their risk appetite before subscribing.
- ⚠️ GMP (Grey Market Premium)
- Grey Market Premium (GMP) is an unofficial and unregulated indicator of expected IPO listing price.
- GMP data is collected from market observers and informal trading circles; it does not have any legal or SEBI recognition.
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