Nukleus Office Solutions Limited, a co-working space provider, has announced its initial public offering (IPO), presenting a fresh issue of 13.55 lakh shares valued at ₹31.70 crores. The subscription period runs from February 24 to February 27, 2025, with equity shares priced at ₹234 each (face value ₹10) and a lot size of 600 shares.
Retail investors can join the venture with a minimum investment of ₹140,000 per lot, while HNI participants can engage at ₹280,000 for two lots. The company has mapped out a swift timeline, with share allotment notifications set for February 28, leading to its BSE SME platform debut on March 4, 2025. As the workspace landscape continues to evolve, this emerging player in the co-working revolution might be worth watching.
Nukleus Office Solutions Limited IPO is a fundraise worth ₹31.70 crores comprising purely of a fresh issue with 53,400 shares reserved for the market maker Nikunj Stock Brokers Limited. Retail investors are being offered 50% of the net issue while the remaining is being offered to other investors. The IPO will be available for subscription from February 24, 2025, to February 27, 2025, providing an opportunity for investors looking to gain a stake in the workspace solutions segment.
| Nukleus Office Solutions IPO date | February 24, 2025 - February 27, 2025 |
| Fixed price | ₹234 per share |
| Face value | ₹10 per share |
| Lot size | 600 shares |
| Issue type | Fixed Price IPO |
| Fresh issue size | 13,54,800 shares amounting to ₹31.70 crores |
| Total issue size | 13,54,800 shares amounting to ₹31.70 crores |
| Listing at | BSE SME |
| Market maker portion | 53,400 - Nikunj Stock Brokers Ltd |
| Shareholding post-issue | 40,32,000 shares |
| Shareholding pre-issue | 26,77,200 shares |
The Nukleus Office Solutions Limited IPO opens for subscription on February 24, 2025, and closes on February 27, 2025, with allotment scheduled for February 28, 2025.
| IPO open date | February 24, 2025 (Monday) |
| IPO close date | February 27, 2025 (Thursday) |
| Basis of allotment | February 28, 2025 (Friday) |
| Initiation of refunds | March 3, 2025 (Monday) |
| Credit of shares to Demat account | March 3, 2025 (Monday) |
| Listing date on BSE / NSE SME | March 4, 2025 (Tuesday) |
| Cut-off time for UPI mandate confirmation | 5 PM on February 27, 2025 (Thursday) |
Founded in December 2019, Nukleus Office Solutions Limited has quickly become a go-to provider of dynamic co-working and managed office spaces across Delhi NCR. The company offers a wide range of fully furnished, flexible workspaces designed to meet the needs of startups, SMEs, large enterprises, and professionals. Their offerings include dedicated desks, private cabins, meeting rooms, startup zones, and virtual offices, all tailored to foster productivity and collaboration.
Nukleus caters to businesses of all sizes, from small teams to large enterprises, with serviced workspaces for up to 500 employees. By the end of 2024, the company had established 7 flexible workspaces and 4 managed offices in Delhi NCR, providing a total of 2,796 seats, maintaining an impressive occupancy rate of 88.48%. With a dedicated team of 30 employees, Nukleus continues to expand and redefine office space solutions for the modern workforce.
The company plans to use the net proceeds from the issue for capital expenditure and security deposits related to setting up new centers, developing its technology platform, integrating all centers, improving online client interaction, and launching a mobile application. Additionally, funds will be allocated for advertising to boost brand visibility and for general corporate purposes.
The Nukleus Office Solutions Limited IPO’s key performance indicators, as on March 31, 2024, reflect the company's financial health with a Return on Equity of 46.09%, Return on Capital Employed (ROCE) at 14.39% and a Debt-to-Equity ratio of 1.96. The Return on Net-Worth (RoNW) stands at 46.09%, and the PAT Margin was 6.99%. The Price to Book Value was 11.87. The company’s market capitalisation is ₹94.35 crores.
| Period Ended | December 31, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Assets | 29.37 | 19.36 | 7.36 | 3.27 |
| Revenue | 21.36 | 17.16 | 10.90 | 3.42 |
| Profit After Tax | 1.51 | 1.20 | 0.67 | 0.11 |
| Net Worth | 8.71 | 4.20 | 1.00 | 0.33 |
| Reserves & Surplus | 6.03 | 1.68 | 0.84 | 0.17 |
| Total Borrowing | 13.58 | 8.22 | 1.83 | - |
Amount in ₹ crores
The pre-IPO EPS is at ₹4.47 while the post-IPO EPS will be ₹5. Similarly, the pre-IPO Price to Earnings ratio is 52.33 and will become 46.82 post-IPO.
Nukleus Office Solutions Limited excels in providing customizable and flexible workspace solutions, tailored to meet the diverse needs of businesses. With a hybrid business model that blends co-working and managed office spaces, the company caters to startups, SMEs, and large enterprises alike. Strategic locations within Delhi NCR and a commitment to integrating new technologies and infrastructure development position Nukleus as a reliable, innovative service provider. Its experienced management team ensures efficient operation and high-quality service across its locations, helping to create a strong track record in the co-working space sector.
The company offers significant advantages such as flexibility in membership plans, allowing clients to scale and adapt their workspace as needed. Its customisable workspace solutions and hybrid model ensure that it meets a wide variety of client demands. The company's infrastructure is continually upgraded, and its strategic locations enhance its accessibility, providing a competitive edge in a growing market. Nukleus also maintains efficient management practices and provides affordable, high-quality workspace options, catering to an increasing demand for flexible office solutions.
Nukleus Office Solutions faces challenges in managing a substantial debt load, which could limit its operational flexibility and growth potential. The company is also exposed to regulatory risks, including potential penalties for errors in financial disclosures, which could harm its reputation and financial stability. Expansion into new geographies presents difficulties, and failure to successfully scale may hinder growth prospects. Additionally, the company's reliance on key clients and third-party service providers could create vulnerabilities, as any disruptions in these relationships might negatively impact its operations and financial performance.
Other weaknesses include operational risks related to maintaining high standards of cleanliness, hygiene, and service quality, which are essential for client retention. The company also faces intense competition, which may pressure its pricing structure and lead to higher marketing and promotional costs. Furthermore, the company's dependence on leased premises and the absence of long-term agreements with key clients or suppliers could pose risks to its business continuity. Additionally, internal controls and potential legal challenges could further affect its financial stability, and its current market presence in just Delhi NCR leaves it vulnerable to regional market fluctuations.
Investing early in Nukleus Office Solutions Limited could provide an exciting opportunity to be part of the company’s growth in the workspace solutions segment. However, potential investors should carefully evaluate various factors such as the company’s operational history, financial stability, industry trends, and growth strategy, alongside their personal investment goals and risk tolerance. It’s advisable to thoroughly review the offer document and, if necessary, seek professional advice to make an informed decision regarding participation in this IPO.
What is the Nukleus Office Solutions Limited IPO?
The Nukleus Office Solutions Limited IPO is an BSE SME offering consisting of 13.55 equity shares with a face value of ₹10 per share, aiming to raise ₹31.70 crores. The fixed price has been set at ₹234 per share, with a minimum order quantity of 600 shares. This IPO will be open for subscription from February 24, 2025, to February 27, 2025. Sundae Capital Advisors Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar while Nikunj Stock Broking Limited is the market maker.
When will the Nukleus Office Solutions IPO open?
The Nukleus Office Solutions Limited IPO will open for subscription on February 24, 2025, and will close on February 27, 2025.
When is the Nukleus Office Solutions IPO listing date?
The tentative listing date for the Nukleus Office Solutions Limited IPO is Tuesday, March 4, 2025.
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