- POSITIVE
Annual Revenue NIS Management Mar-2026 Annual Revenue is Rs 414 Cr which is growth of 10.0% YoY.
- NEGATIVE
Annual Net Profit NIS Management Mar-2026 Annual Net Profit is Rs -5 Cr which is growth of -133.4% YoY.
NIS Management was incorporated on March 23, 2006. The company’s facility management division serves leading clients like Taj Group, Oberoi Grand, Reliance Retail, Piramal Group, HDFC Bank, Torrent Power, key airports, and government institutions. It also expanded into electronic security services, now offered through its wholly owned subsidiary, NIS Facility Management Services, catering to state governments and PSUs
| Bidding Dates |
|---|
| 25 Aug 2025 - 28 Aug 2025 |
| Subscription |
|---|
| 2.95x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹252,000 | 2 | 2 | 1200 | 5.4 M | ₹105 - ₹111 | 69.63 % | ₹567.6 M - ₹600.1 M | RHP DOC |
NIS Management IPO SUBSCRIPTION STATUS
28 Aug '25Total2.95x
Retail Individual Investor1.45x
HNI (NII) Investors12.66x
Qualified Institutional Buyers1.09x
NIS Management IPO overall subscription rate was 2.95 times the total available shares
NIS Management IPO retail subscription rate was 1.45 times in the retail segment
NIS Management IPO non-institutional investor subscription rate was 12.66 times in the non-institutional investor category
NIS Management IPO Qualified Institutional Bidder subscription rate was 1.09 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
28 Aug 2025 (Day 3) | 1.45x | 12.66x | 1.09x |
26 Aug 2025 (Day 2) | 0.5x | 2.36x | 0.23x |
25 Aug 2025 (Day 1) | 0.22x | 1.77x | - |
NIS Management FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 402.2 | 18.7 | 14.9 | 8.8 | 6.5% |
| FY24 | 378.0 | 18.4 | 12.0 | 11.8 | 8.2% |
| FY23 | 340.6 | 16.1 | 11.0 | 7.5 | 8.3% |
NIS Management IPO SUBSCRIPTION STATUS DETAILS
NIS Management had 5.4 M shares on offer
NIS Management IPO offer price was in the range ₹105 - ₹111
NIS Management IPO minimum Investment was ₹252000
NIS Management IPO issue size was ₹ 567.6 M - ₹ 600.1 M
NIS Management had a minimum lot size of 1200 Shares per application
NIS Management NUMBER OF SHARES ON OFFER
Total5.4 M
Fresh Issue4.7 M
Offer for Sale744.0 K
Post Issue Promoter Holding %69.63 %
NIS Management IPO IMPORTANT DATES
| Issue Open Date | 25 Aug 2025 |
| Issue close Date | 28 Aug 2025 |
| Allotment Date | 29 Aug 2025 |
| Refund Date | 01 Sep 2025 |
| Demat Account Credit Date | 01 Sep 2025 |
| Listing Date | 02 Sep 2025 |
| Listing on Exchange(s) | BSE |
| NIS Management Allotment Status | Exchange/ Registrar |
NIS Management IPO subscription opened on 25 Aug 2025, and closed on 28 Aug 2025
IPO allotment for NIS Management was finalized on Friday, 29 Aug 2025
IPO listing for NIS Management was on BSE on Tuesday, 02 Sep 2025
NIS Management IPO LISTING GAINS
| Issue Price (adjusted) | 111.0 |
| Listing Open Price | 108.0 |
| Listing Close Price | 102.6 |
| Listing Gain% | -2.7% |
| Current Gain% | -64.0% |
NIS Management Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NIS Management Ltd. | 40 | 79.2 | -42.7 | 0.4 | 0.2 | -0.9 | -0.6 | 436.7 | 7.7 | -1.9 | -109.9 | -0.9 | -109.9 |
| International Gemological Institute Ltd. | 330.6 | 14285 | 23.4 | 1 | 10.5 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.8 | 6957 | 16.6 | 0 | 6.3 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 418.4 | 5913.9 | 40.4 | 0.2 | 0.3 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 653.4 | 5411.3 | 47 | 1.8 | 7.3 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
| Network People Services Technologies Ltd. | 1796.3 | 3747.7 | 91.8 | 4.1 | 17.2 | 9.3 | 8 | 209.4 | 15.9 | 40.8 | -9.7 | 19.6 | 22.4 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
NIS Management annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Reporting Type
Standalone
Cell Data
Actual
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YoY & New to Old
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*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
10%
2Y CAGR
8.2%
3Y CAGR
10.6%
5Y CAGR
11.2%
Total Revenue Annual growth is lower than historical averages.
Operating Exp. Ann.
1Y CHG
9.9%
2Y CAGR
9.1%
3Y CAGR
11.2%
5Y CAGR
11.8%
Operating Expenses Annual Cr growth is lower than historical averages.
NIS Management INFORMATION ON IPO ISSUE
About NIS Management
NIS Management was incorporated on March 23, 2006. The company’s facility management division serves leading clients like Taj Group, Oberoi Grand, Reliance Retail, Piramal Group, HDFC Bank, Torrent Power, key airports, and government institutions. It also expanded into electronic security services, now offered through its wholly owned subsidiary, NIS Facility Management Services, catering to state governments and PSUs
Object of the Issue
- To meeting working capital requirements for the company
- General corporate purposes
NIS Management - PROMOTERS
| Name |
|---|
| Debajit Choudhury |
| Rina Choudhury |
| Susmita Mukherjee |
| Nita Dey |
| Deabhuti Chatterjee |
NIS Management - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Debajit Choudhury | Chairperson & Managing Director |
| Rina Choudhary | Whole-time director |
| Nilima Neogi | Director |
| Kamlesh Mukherjee | Director |
| Tapas Kumar Nag | Independent Director |
| Ajay Kasana | Independent Director |
NIS Management Book Running Lead Manager
Share India Capital Services Private Limited
kunal.bansal@shareindia.co.in
NIS Management Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
NIS Management Strengths
High core to associate ratio
NIS maintains a strong core-to-associate ratio of 129:1, with 131 staff managing over 16,500 employees across 1,200+ sites. This improvement from 50:1 in 2019 highlights its focus on efficiency, resource optimisation, and scalable growth
Strength
Mobile app-based attendance system
NIS uses a mobile app-based attendance system for real-time tracking, ensuring accuracy, transparency, and accountability. This digital solution reduces billing errors, mitigates manual risks, and supports business growth with improved client satisfaction
Strength
NSDC-certified training provider
Through its subsidiary Keertika Academy, NIS is an NSDC-certified training provider, highlighting its focus on workforce skill development and industry-standard training. Strong client retention of 4.5–5 years and long-term ties with major clients reflect its reliability, service excellence, and sustained success
Strength
NIS Management Risks
Labour cost risks
Rising wage or training costs, or adverse rulings in pending cases, could impact the company’s business, cash flows, and financial condition. Changes in labour laws, increasing employee benefit obligations, may not be recoverable from customers, adding further risk
Risk
Regulatory compliance risk
The company must obtain statutory approvals, including PSARA licenses, to provide private security services in India. Currently, it operates in 14 states/UTs but holds valid PSARA approvals in only 6, while its subsidiary Keertika Academy awaits renewal confirmation
Risk
Competitive industry
The company operates in a highly competitive and fragmented industry, facing both national and regional players. Competitors with focused verticals and stronger financial, technical, or marketing resources may have an advantage over its diversified service portfolio
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 8.3 crore, of 744,000 shares. It also consists of a fresh issue of Rs 51.8 crore.
The promoters of the company are Debajit Choudhury, Rina Choudhury, Susmita Mukherjee, Nita Dey and Deabhuti Chatterjee.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 105.0 - 111.0.
The IPO application opens on Aug 25, 2025 and closes on Aug 28, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 252,000.0, the maximum value for this IPO is Rs 266,400.0.
This IPO will be allotted on Aug 29, 2025.
The refund will be credited to your account on Sep 01, 2025.
The allotted shares will be credited to your demat on Sep 01, 2025.
NIS Management Ltd.’s shares listed on the stock exchanges on Sep 02, 2025.