Nisus Finance to Raise INR 12 Billion Through Real Estate Funds, Eyes IPO
Nisus Finance Group manages two alternate investment funds with a total corpus of INR 12 billion, and plans to go public with a Draft Red Herring Prospectus (DRHP) submission.
Nisus FinanceReal Estate FundsIpoSme LendingNbfcReal Estate NewsSep 26, 2024
The company has made significant investments across multiple deals and is in the process of exiting the RECOF-I fund while expanding its SME lending through its NBFC, Nisus Fincorp Pvt. Ltd. With plans to go public, the company has submitted a Draft Red Herring Prospectus (DRHP) and aims to enhance its fund management infrastructure in key financial hubs.
Nisus Finance Group has a pipeline of stressed assets set to be acquired in India, and its offshore fund will co-invest alongside RESO-1 in residential assets requiring last-mile funding. The firm anticipates closing the final fundraising round for RESO-1 by the end of the current fiscal year.
The company has invested INR 4.5 billion so far across four deals from RESO-1, which is managed by Nisus BCD Advisors LLP. In 2020, Nifco fully exited its first fund-the INR 4.5 billion Real Estate Asset Performance Fund-I (REAP-I).
Nisus Finance Services Co. Limited has submitted a Draft Red Herring Prospectus (DRHP) as part of its plans to go public. The NBFC aims to enhance its fund setup, acquire additional licences, and improve its fund management infrastructure in financial hubs such as IFSC-Gift City, DIFC-Dubai, and FSC-Mauritius.
The company also plans to cover placement fees and fundraising costs for both domestic and international markets, invest in its associate company, Nisus Fincorp Private Limited, raise additional capital, and address other general corporate expenses.
Nisus Finance Group is strategically positioned for growth with its two alternate investment funds, supported by significant investments and partnerships. As it prepares for a public offering, the firm is focused on enhancing its fund management capabilities and expanding its SME lending operations.
By covering essential costs and investing in its associate company, Nisus Fincorp Pvt. Ltd., the group aims to strengthen its financial foundation and capitalise on emerging opportunities in the real estate sector, ensuring a robust future for its investors and stakeholders.
Frequently Asked Questions
What is the total corpus of Nisus Finance Group's alternate investment funds?
INR 12 billion
What is the name of Nisus Finance Group's NBFC?
Nisus Fincorp Pvt. Ltd.
What is the name of the Draft Red Herring Prospectus (DRHP) submitted by Nisus Finance Services Co. Limited?
Draft Red Herring Prospectus (DRHP)
What is the expected timeline for closing the final fundraising round for RESO-1?
By the end of the current fiscal year
What is the name of the company that fully exited its first fund in 2020?
Nifco
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.