Nisus Finance Services Co Ltd IPO

Our Company was incorporated as Molior Realty Private Limited on August 21, 2013, as private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Maharashtra, Mumbai. Thereafter, the name of our Company from Molior Realty Private Limited was changed to Nisus Finance Services Co Private Limited on July 28, 2014 pursuant to a certificate of incorporation issued by the Registrar of Companies, Mumbai. Subsequently, our Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by our Shareholders at an Extra-ordinary General Meeting held on May 23, 2024 and the name of Company was changed to Nisus Finance Services Co Limited and a fresh certificate of incorporation consequent upon conversion dated July 15, 2024 was issued by the Registrar of Companies, Central Processing Centre. The Corporate Identification Number of our Company is U65923MH2013PLC247317.

Resilience to External Shocks remains Critical for Near-Term Outlook: India's real GDP grew by 7.0% in FY23 and stood at ~Rs. 161 trillion, as per the First Revised Estimate, despite the pandemic in previous years and geopolitical Russia-Ukraine spillovers. In Q1FY24, the economic growth accelerated to 8.2%. The manufacturing sector maintained an encouraging pace of growth, given the favorable demand conditions and lower input prices. The growth was supplemented by a supportive base alongside robust services and construction activities. This momentum remained in the range in the Q2FY24 with GDP growth at 8.1%, mainly supported by acceleration in investments. However, private consumption growth was muted due to weak rural demand and some moderation in urban demand amid elevated inflationary pressures in Q2FY24. The GDP growth number improved for Q3FY24 at 8.6%. India's GDP at constant prices surged to Rs.47.24 trillion in Q4FY24 from Rs. 43.84 trillion in Q4FY23, marking a 7.8% growth rate. This upswing was fueled by robust performances in construction, mining & quarrying, utility services, and manufacturing sectors and investment drove the GDP growth, while both private and government consumption remained subdued. GDP Growth Outlook: Driven by fixed investment and improving global environment, domestic economic activity continues to expand. The provisional estimates (SAE) placed real GDP growth at 8.2% for FY24. Industrial activity led by manufacturing continues its momentum on the back of strengthening domestic demand. The eight core industries also show healthy growth. Moreover, services sector shows exhibit broad based buoyancy. The purchasing managers' index for both manufacturing and services continues to exhibit a sustained and healthy expansion. The outlook for agriculture and rural activity appears bright owing to good rabi wheat crop and expected improvements in kharif crop due to expected normal south-west monsoon. This combined with increasing rural demand on the back of improving farm activity, improvement in informal activity, improving employment condition, and alleviating inflationary pressures are expected to boost private investment. Additionally, consumption is expected to support economic growth in FY25 owing to strengthening rural demand. Investment activity is also expected to be further supported by sustained and robust government spending, strong financial positions of banks and corporations, increasing capacity utilization, and rising business confidence as indicated by surveys. Additionally, improving global economic growth and trade prospects are expected to boost external demand for goods and services. AIF INDUSTRY Alternative Investment Funds are governed and regulated by the SEBI. According the SEBI (Alternative Investment Funds) Regulation, 2012, AIFs are defined as a privately held and managed pool of investment fund of either domestic or foreign origin, organized in the form of a body corporate, company, LLP (limited liability partnership), or a trust. Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors. AIF does not include funds covered under the SEBI (Mutual Funds) Regulations, 1996, SEBI (Collective Investment Schemes) Regulations, 1999 or any other regulations of the Board to regulate fund management activities. Further, certain exemptions from registration are provided under the AIF Regulations to family trusts set up for the benefit of 'relatives' as defined under Companies Act, 1956, employee welfare trusts or gratuity trusts set up for the benefit of employees, 'holding companies' within the meaning of Section 4 of the Companies Act, 1956 etc. Types of AIFs: Funds can seek registration under three categories - Category I, Category II and Category III. Category I - In this category the focus is to mainly invests in start- ups, SME's or any other sector which the Government considers economically and socially viable. Category II - Category II includes AIFs such as private equity funds or debt funds for which no specific incentives or concessions are given by the Government or any other Regulator. Category III - AIFs such as hedge funds or funds which trade with a view to make short term returns or such other funds which are open ended and for which no specific incentives or concessions are given by the Government or any other Regulator. As of 31st December,2023 AIFs have received commitments worth 10,84,875 crores. Of these commitments received, around 40% funds have been raised and of these funds raised around 93% investments have been made. REAL ESTATE REMAINS THE LEADING SECTOR TO RECEIVE FUNDING IN AIF The financing gap that had long plagued the Indian real estate industry had limited its ability to grow. Nonetheless, Real Estate Alternative Investment Funds (AIFs) have become a game-changer and revolutionized the market in recent years. SEBI-regulated investment vehicles known as real estate focused AIFs combine investors capital and allocate it mostly to Indian real estate assets, providing a great opportunity for investors and developers. It can be noted that in the past 3 years, real estate has been the most preferred sector across AIFs to invest in. Between FY21 and FY23, deployment of funds was maximum in real estate sector. The Indian real estate industry, was facing a significant funding shortfall that had hindered project launch and execution and sector growth. Real estate AIFs have become a dependable source of funding, giving developers access to much needed capital. Due to introduction of the real estate AIFs, the developers can fund their projects without depending just on conventional financing sources like bank loans or private equity. This funding source enables developers to create premium real estate assets, purchase land parcels and fasten project execution. Real estate AIFs are a desirable option for project financing since they provide developers with a number of advantages. First of all, these funds provide developers adaptable financing choices that may be customized to fit their unique needs. Developers can access funds at different stages of project development, from purchase to last-mile completion, thanks to Real Estate AIFs' customized structure. The engagement of proficient fund managers facilitates developers in project management optimization, operational efficiency enhancement, and regulatory complexity navigation. Real Estate AIFs also make it easier for developers to work together, which promotes knowledge exchange and industry synergies. The assets under management of the Indian real estate market based on the top 5 players is around Rs 20,916 crores as of FY24.Such funds provide a higher return as well as offer diversification across developers and projects.

Nisus Finance Services Co Limited is currently having two promoters namely, Mr. Amit Anil Goenka and Mrs. Mridula Amit Goenka. Our promoters have combined experience of more than 15 years in the field of real-estate financing and capital market. Our company along with its subsidiaries and associate companies is actively engaged in primary two segment; 1. Transaction Advisory Services and 2. Fund and Asset Management Together with our subsidiaries, stepdown subsidiaries and associates, we operate under the Nisus Finance Group/NiFCO brand. We are mainly engaged in the business of Transaction Advisory services, while our subsidiaries, stepdown subsidiaries, namely Nisus BCD Advisors LLP, Nisus Finance & Investment Managers LLP, Nisus Finance International Advisors IFSC LLP, Nisus Finance Investment Consultancy FZCO and associate company namely Dalmia Nisus Finance Investment Managers LLP which are engaged in Real Estate and Urban Infrastructure Fund and Asset Management. The other subsidiary i.e. Nisus Fincorp Private Limited, an NBFC company is having main object of financing. We have recently invested in an entity named Microsafe Projects LLP as an Associate of the company which is engaged in the business of acquiring residential properties constructed and/or under construction.