NIS Management IPO, Aug. 25 -- Kolkata-based security management company NIS Management's initial public offering (ipo) opened for public subscription on Monday, August 25, and will remain open until Thursday, August 28. The Rs.60 crore SME IPO combines a fresh issue of 46,62,000 shares and an offer for sale (OFS) of 7,44,000 shares. The company aims to raise about Rs.52 crore from the fresh issue of shares, which it intends to use to meet working capital requirements and for general corporate purposes.

By 11 AM on Monday, the issue had seen an overall subscription of 0.14 times, with the retail portion booked 0.03 times, and the segment reserved for NIIs subscribed to 0.58 times. QIB's portion was booked 0 times.

1. NIS Management IPO ...