NIS Management came to market through an SME IPO that opened on 25 August 2025 and closed on 28 August 2025, and the shares listed on 2 September 2025 on BSE SME. The price band was ₹105 to ₹111 per share and one lot was 1200 shares, so the minimum application was ₹1,33,200. The issue size was ₹60.01 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Maashitla Securities Pvt Ltd was the registrar to the issue, and Share India Capital Services Pvt Ltd was the lead manager.
As of 28 August 2025.
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Registered in 1985, NIS Management Limited is a Kolkata-based security and facility management company. The company provides an array of services that include manned guarding, electronic surveillance, facility management, payroll processing, and housekeeping. The company has grown considerably, having started operations with five personnel in 1985 to have a big presence in the security services sector.The company now encompasses 14 branches, placed strategically for enhanced service delivery in various locations.
The firm is dedicated to providing superior, locally adapted service with high standards of operations. Services: Security Services: Round the clock surveillance, Night Patrol, Fire & Safety Training, Help desk Operation etc. Integrated Facility Management: The firm brings together all facility contracts and strategies into one system, simplifying operations, promoting communication, raising efficiency, and providing enhanced oversight for expanding organizations. Housekeeping Services:
Upkeep of master data base of all staff, Input of attendance data, Leaves, Overtime, Monthly Reimbursements, and salary change if any, Processing of HR and Pay details of new hires from offer letter etc.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Mr. Debajit Choudhury, Ms. Rina Choudhury, Ms. Susmita Mukherjee, Ms. Debahuti Chatterjee, Ms. Nita Dey. Promoter holding 95.99% before the issue and 69.63% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
NIS Management IPO was a ₹60.01 crore book-built issue, comprising a fresh issue of ₹48.09 crore and an offer for sale of ₹8.26 crore. It was priced at ₹105–₹111 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,66,400). The IPO was open from August 25 to August 28, 2025 and was subscribed 2.95x.
Shares listed on BSE SME on September 2, 2025 at ₹108, a 2.7% discount to the issue price of ₹111. Maashitla Securities Pvt Ltd is the registrar. Share India Capital Services Pvt Ltd is the book running lead manager.
The price band of NIS Management IPO is ₹105 to ₹111 per share.
The lot size of NIS Management IPO is 1200 shares.
The minimum investment for NIS Management IPO is approximately ₹2,66,400 based on the upper price band.
The allotment date of NIS Management IPO is Aug 29, 2025.
You can check NIS Management IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the NIS Management IPO allotment status on Rupix for quick and easy access.
₹105 to ₹111 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,33,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,33,200, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 25 August 2025 and closed on 28 August 2025.
The basis of allotment was published on 29 August 2025 by Maashitla Securities Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 2 September 2025 on BSE SME.
The issue size was ₹60.01 crore. The fresh issue was 43,32,000 shares (aggregating up to ₹48.09 crore). The offer for sale was 7,44,000 shares (aggregating up to ₹8.26 crore).