The initial public offer (IPO) of NIS Management received bids for 13,30,800 shares as against 39,00,000 shares on offer, as per BSE data as of 17:00 hours on Monday (25 August 2025). The issue was subscribed 0.34 times.
The issue opened for bidding on Monday (25 August 2025) and it will close on Thursday (28 August 2025). The price of the IPO is fixed between Rs 105-111 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprises fresh issue of 46,62,000 shares and offer for sales (OFS) upto 7,44,000 shares. The promoter shareholding in the company will dilute to 69.63% post- IPO from 95.99% pre-IPO.
About 3,30,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 50,76,000 equity shares. The issue and the net issue will constitute 27.30% and 25.64% respectively of the post issue paid up equity share capital of the company.
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.