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News Details

( As on 22/08/2025 11:46)

NIS Management announces launch of initial public offering

NIS Management Ltd. has announced public offering of 5406000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 101.00 per share. The gross proceeds of the issue are expected to be Rs 6,000.66 lakhs.

The company's initial public offer (IPO) will open on 25 August 2025 and is expected to close on 28 August 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 105.00-111.00 per share.

The IPO includes a fresh Issue of 5406000 Equity Shares of the Company at an price of Rs 111.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

NIS Management Ltd. anticipates using the proceeds of the issue for .

Share India Capital Services Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.