India’s IPO market continues to be active in August 2025 with several new offerings. Joining the list, NIS Management Limited, a security and facility management service provider, has opened its IPO on August 25, 2025.
Here is a detailed insight into the NIS Management IPO and the company’s outlook.
About NIS Management Ltd.
Established in 1985, NIS Management is a well-known security and facility management service provider with a presence in 14 states across India. The company offers a wide range of services, including security guard services, security systems, housekeeping, payroll management, and fire safety training. Starting with just five security guards at a single site, the company has grown to a workforce of approximately 16,000 personnel. NIS Management is recognised for its strong regional presence, particularly in West Bengal, and its focus on efficient operations.
NIS Management Ltd. IPO Details
The NIS Management IPO is a book-building issue of ₹60.01 crore. The issue is a combination of a fresh issue of 46.64 lakh shares (aggregating up to ₹51.75 crore) and an Offer for Sale (OFS) of 7.44 lakh shares (aggregating up to ₹8.26 crore).
Important IPO Timeline
| Event | Date |
| IPO Open Date | Mon, Aug 25, 2025 |
| IPO Close Date | Thu, Aug 28, 2025 |
| Tentative Allotment | Fri, Aug 29, 2025 |
| Initiation of Refunds | Mon, Sep 1, 2025 |
| Credit of Shares to Demat | Mon, Sep 1, 2025 |
| Tentative Listing Date | Tue, Sep 2, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 28, 2025 |
Key IPO Details
| Particulars | Details |
| IPO Date | August 25, 2025 to August 28, 2025 |
| Listing Date | – |
| Face Value | ₹10 per share |
| Issue Price Band | ₹105 to ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 54,06,000 shares (aggregating up to ₹60.01 Cr) |
| Reserved for Market Maker | 3,30,000 shares (aggregating up to ₹3.66 Cr) |
| Market Maker | Share India Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 43,32,000 shares (aggregating up to ₹48.09 Cr) |
| Offer for Sale | 7,44,000 shares of ₹10 (aggregating up to ₹8.26 Cr) |
| Net Offered to Public | 50,76,000 shares (aggregating up to ₹56.34 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,51,38,094 shares |
| Share Holding Post Issue | 1,98,00,094 shares |
Lot Size of NIS Management Ltd. IPO
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,66,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,99,600 |
| S-HNI (Max) | 7 | 8,400 | ₹9,32,400 |
| B-HNI (Min) | 8 | 9,600 | ₹10,65,600 |
NIS Management Ltd. Financials
NIS Management has demonstrated strong financial growth with consistent performance in key metrics. The company is valued at a market capitalisation of ₹219.78 crore at the upper end of the price band.
Key Performance Indicators (as of Mar 31, 2024)
- Return on Equity (ROE): 13.10%
- Return on Capital Employed (ROCE): 17.63%
- Debt/Equity: 0.55
- Price-to-Book Value: 0.61
- Pre-IPO P/E: 9.13
- Post-IPO P/E: 11.94
Company Financial Snapshot
| Period Ended | 31 Mar 2024 (₹ Cr) | 31 Mar 2023 (₹ Cr) | 31 Mar 2022 (₹ Cr) |
| Assets | 247.44 | 226 | 213.75 |
| Total Income | 380.06 | 342 | 295.26 |
| Profit After Tax | 18.4 | 16 | 13.25 |
| Net Worth | 132.96 | 115 | 98.41 |
| Reserves & Surplus | 125.97 | 108 | 91.43 |
| Total Borrowing | 91.11 | 87.22 | 86.79 |
NIS Management Ltd.: Industry Outlook
The security and facility management market in India is driven by the growing demand for professional services across various sectors. NIS Management, with its established brand and comprehensive service portfolio, is well-positioned to capitalise on this demand. The company’s large workforce and diversified client base provide a strong foundation for future growth.
However, investors should be aware of potential risks such as intense competition and dependence on manpower, which can lead to cost fluctuations.
Use of IPO Proceeds
The net proceeds from the fresh issue will be utilised for:
| S.No. | Objects of the Issue | Expected Amount (₹ Cr) |
| 1 | To fund working capital needs | 400 |
| 2 | For general corporate purposes | – |
NIS Management IPO Peer Comparison
The security and facility management sector is highly competitive. NIS Management’s key listed peers include Quess Corp, SIS Limited, and Teamlease Services. While these companies operate in the same industry, they have varying capacities, product portfolios, and market strategies. When evaluating the NIS Management IPO, investors should consider its market positioning, growth potential, and strategic plans in relation to its peers.
Conclusion
The NIS Management IPO offers investors an opportunity to invest in a company with a strong market presence and a robust growth trajectory in the service sector. The company’s healthy financial performance and strategic use of IPO funds for working capital needs suggest a positive long-term outlook.
As an SME IPO, it carries a certain level of risk and may be suitable for investors with a moderate to high-risk appetite and a long-term investment horizon. A thorough review of the company’s financials and market position is recommended before making an investment decision.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
