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
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