Nukleus Office Solutions is a prominent co-working and managed office space provider in the Delhi NCR region, offering fully furnished, flexible workspaces. The company provides a range of office solutions, including dedicated desks, private cabins, meeting rooms, startup zones, virtual offices, and enterprise workspaces. Catering to startups, SMEs, large enterprises, and professionals, Nukleus also offers fully serviced and managed office solutions for teams ranging from 50 to 500 seats. As of December 31, 2024, the company operates 7 flexible workspace centers and manages 4 Managed Offices, with a total seating capacity of 2,796.
Nukleus Office Solutions, a Fixed Price Issue amounting to ₹ 31.70 Crores, consisting an entirely Fresh Issue of 13.55 Lakh Shares. The subscription period for the Nukleus Office Solutions IPO opens on February 24, 2025, and closes on February 27, 2025. The allotment is expected to be finalized on or about Friday, February 28, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Tuesday, March 4, 2025.
The Share price of Nukleus Office Solutions IPO is set at ₹ 234 per equity share. The Market Capitalisation of the Nukleus Office Solutions Limited at IPO price of ₹ 234 per equity share will be ₹ 94.35 Crores. The lot size of the IPO is 600 shares. Retail investors are required to invest a minimum of ₹ 1,40,400, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,200 shares), amounting to ₹ 2,80,800.
Sundae Capital Advisors Private Limited is the book running lead manager of the Nukleus Office Solutions IPO, while Bigshare Services Private Limited is the registrar for the issue. Nikunj Stock Brokers Limited is the Market Maker for Nukleus Office Solutions IPO.
Nukleus Office Solutions Limited IPO GMP Today
The Grey Market Premium of Nukleus Office Solutions Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Nukleus Office Solutions Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 27 February, 2025, the Nukleus Office Solutions Limited IPO live subscription status shows that the IPO subscribed 1.00 times on its Final day of subscription period. Check the Nukleus Office Solutions IPO Live Subscription Status Today at BSE.
Nukleus Office Solutions Limited Day Wise IPO GMP Trend
Date |
IPO Price |
Expected Listing Price |
GMP |
Last Updated |
20 February 2025 |
₹ 234 |
₹ 234 |
₹ 0 (0.00%) |
03:00 PM; 20 Feb 2025 |
Nukleus Office Solutions Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Nukleus Office Solutions IPO allotment date is 28 February, 2025, Friday. Nukleus Office Solutions IPO Allotment will be out on 28 February, 2025 and will be live on Registrar Website from the allotment date. Check Nukleus Office Solutions IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Nukleus Office Solutions Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Nukleus Office Solutions Limited IPO
Nukleus Office Solutions proposes to utilise the Net Proceeds towards the following objects:
1. ₹ 2,296.24 Lakhs for Capital expenditure and security deposit towards establishment of new centres;
2. ₹ 34.22 Lakhs for Building up technology platform, integration of all centres, online client interaction and mobile application;
3. ₹ 49.56 Lakhs is required for Advertisement expenses towards enhancing the visibility of its brand;
4. ₹ 588.02 Lakhs is required for General Corporate Purpose.
Refer to Nukleus Office Solutions Limited RHP for more details about the Company.
Check latest IPO information, latest IPO news, Upcoming IPO News, IPO Details, subscription status, IPO GMP and IPO Review of Upcoming IPO, Active IPO, and Listed IPOs at one place. Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.
The Upcoming IPOs in this week and coming weeks are Beezaasan Explotech, Nukleus Office.
The Current active IPO are Swasth Foodtech, HP Telecom India.
The Closed IPOs are Royalarc Electrodes, Tejas Cargo India, Quality Power Electrical Equipments.
The Recently Listed IPOs which is available for trading in stock Market are Sat Kartar Shopping, Fabtech Technologies, Unimech Aerospace, Senores Pharmaceuticals, Mamata Machinery, DAM Capital, Identical Brain Studios, NACDAC Infrastructure, Hamps Bio, Yash Highvoltage, Jungle Camps, Toss The Coin, Dhanlaxmi Corp, Emerald Tyre Manufacturers, Nisus Finance, Ganesh Infraworld, Agarwal Toughened, Apex Ecotech, Rajputana Biodiesel, Rajesh Power Services, C2C Advanced System, Enviro Infra Engineers, Waaree Energies Limited IPO, Diffusion Engineers Limited IPO, KRN Heat Exchanger Limited IPO, P N Gadgil Jewellers Limited IPO, Bajaj Housing Finance Limited IPO, Gala Precision Engineering Limited IPO, Premier Energies Limited IPO, Orient Technologies Limited IPO, Interarch Building Products Limited IPO, Unicommerce eSolutions Limited IPO and many more.
Nukleus Office Solutions IPO Details |
|||||||||||
IPO Date | February 24, 2025 to February 27, 2025 | ||||||||||
Listing Date | March 04, 2025 | ||||||||||
Face Value | ₹10 | ||||||||||
Price | ₹234 per share | ||||||||||
Lot Size | 600 Equity Shares | ||||||||||
Total Issue Size | 13,54,800 Equity Shares (aggregating up to ₹31.70 Cr) | ||||||||||
Fresh Issue | 13,54,800 Equity Shares (aggregating up to ₹31.70 Cr) | ||||||||||
Offer for Sale | NIL | ||||||||||
Issue Type | Fixed Price Issue | ||||||||||
Listing At | BSE SME | ||||||||||
Share holding pre issue | 26,77,200 | ||||||||||
Share holding post issue | 40,32,000 |
Nukleus Office Solutions IPO Lot Size |
|||||||||||
Application | Lots | Shares | Amount | ||||||||
Retail (Min) | 1 | 600 | ₹1,40,400 | ||||||||
Retail (Max) | 1 | 600 | ₹1,40,400 | ||||||||
HNI (Min) | 2 | 1,200 | ₹2,80,800 |
Nukleus Office Solutions IPO Timeline (Tentative Schedule) |
|||||||||||
IPO Open Date | Monday, Feb 24, 2025 | ||||||||||
IPO Close Date | Thursday, Feb 27, 2025 | ||||||||||
Basis of Allotment | Friday, Feb 28, 2025 | ||||||||||
Initiation of Refunds | Monday, Mar 3, 2025 | ||||||||||
Credit of Shares to Demat | Monday, Mar 3, 2025 | ||||||||||
Listing Date | Tuesday, Mar 4, 2025 | ||||||||||
Cut-off time for UPI mandate confirmation | 5 PM on February 27, 2025 |
Nukleus Office Solutions IPO Reservation |
|||||||||||
Investor Category | Shares Offered | Reservation % | |||||||||
Non-Institutional Investor Portion | 6,50,700 | Not More than 50% of the Issue | |||||||||
Retail Shares Offered | 6,50,700 | Not More than 50% of the Issue | |||||||||
Market Maker Portion | 53,400 | - |
Nukleus Office Solutions IPO Promoter Holding |
|||||||||||
Share Holding Pre Issue | 94.01% | ||||||||||
Share Holding Post Issue | 62.42% |
Nukleus Office Solutions IPO Subscription Status |
|||||||||||
Investor Category | Shares Offered | Shares Bid For | No oF Times Subscribed | ||||||||
Non Institutional Investors(NIIS) | 7,04,100 | 4,93,200 | 0.70 | ||||||||
Retail Individual Investors (RIIs) | 6,50,700 | 8,61,600 | 1.32 | ||||||||
Total | 13,54,800 | 13,54,800 | 1.00 |
Business Overview
Incorporated in December 2019, Nukleus Office Solutions Limited specializes in co-working and managed office spaces across Delhi NCR. The company offers a variety of furnished and flexible workspaces, including dedicated desks, private cabins, meeting rooms, startup zones, and virtual offices.
Nukleus provides customized office solutions tailored for startups, SMEs, large enterprises, professionals, and entrepreneurs. The company focuses on offering fully serviced workspaces ranging from 50 to 500-seat enterprises, catering to diverse business needs.
As of December 31, 2024, the company operated 7 flexible workspace centers and 4 managed offices in Delhi NCR, with a total seating capacity of 2,796 and an impressive 88.48% occupancy rate.
The company employs a team of 30 professionals across various departments, ensuring smooth operations and customer satisfaction. The Bankers to the Company is HDFC Bank Limited.
Industry Analysis
India’s Growing Flexible Workspace Market
India’s commercial office landscape is undergoing a significant transformation, driven by the increasing adoption of flexible workspaces. The demand for agile, cost-effective, and collaborative office environments has led to strong growth in co-working, serviced offices, and managed spaces.
As of Q1 2023, the total operational area dedicated to flexible workspaces in India's top seven cities reached 53 million square feet, accounting for a 4.7% share of the overall office space stock. This makes India one of the fastest-growing flexible workspace markets globally.
Key Growth Drivers
Competitive Landscape
Nukleus competes with global and regional players such as WeWork, Awfis, 91Springboard, Smartworks, and IndiQube, along with real estate developers like DLF, Embassy Group, and Brigade Group, which are entering the flexible workspace segment.
Business Strengths
Business Strategies
Risk Factors and Concerns
Period Ended | Dec 31, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
---|---|---|---|---|
Reserve of Surplus | 602.97 | 167.76 | 84.04 | 16.76 |
Total Assets | 2,936.60 | 1,935.86 | 735.68 | 326.89 |
Total Borrowings | 1,358.09 | 822.32 | 183.47 | - |
Fixed Assets | 839.07 | 543.13 | 226.64 | 15.86 |
Cash | 91.44 | 582.18 | 4.58 | 4.65 |
Net Borrowing | 1,266.65 | 240.14 | 178.89 | -4.65 |
Revenue | 2,135.66 | 1,716.41 | 1,089.76 | 342.42 |
EBITDA | 529.99 | 327.53 | 140.23 | 4.66 |
PAT | 151.13 | 119.72 | 67.27 | 10.64 |
EPS | 7.69 | 19.71 | 12.94 | 2.05 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Offer, given in RHP.
Key Performance Indicator |
|||||||||||
KPI | Values | ||||||||||
EPS Pre IPO (Rs.) | ₹19.71 | ||||||||||
EPS Post IPO (Rs.) | ₹2.97 | ||||||||||
P/E Pre IPO | 11.87x | ||||||||||
P/E Post IPO | 78.81x | ||||||||||
ROE | 46.09% | ||||||||||
ROCE | 14.39% | ||||||||||
P/BV | 14.05 | ||||||||||
Debt/Equity | 1.96 | ||||||||||
RoNW | 46.09% |
Nukleus Office Solutions Limited IPO Peer Comparison |
|||||||||||
Company Name | EPS | ROCE | ROE | P/E (x) | P/Bv | Debt/Equity | RoNW (%) | ||||
Nukleus Office Solutions IPO | ₹2.97 | 14.39% | 46.09% | 78.81 | 14.05 | 1.96 | 46.09% | ||||
Kontor Space Limited | 3.15 | 9.69% | 14.61% | 30.41 | 2.15 | 0.19 | 14.61% | ||||
EFC (I) Limited | ₹14.06 | 17.50% | 21.40% | 42.23 | 4.71 | 1.55 | 21.40% | ||||
Awfis Space Solutions Limited | Negative | 17.42% | -8.35% | NA | 11.30 | 2.46 | NA |
Nukleus Office Solutions Limited
1102, Barakhamba Tower, 22 Barakhamba Road, Connaught Place, New Delhi - 110001, India
Contact Person : Pooja Jaiswal
Telephone : +91 9667049487
Email ID : cs@nukleus.work
Website : http://www.nukleus.work/
Registrar : Bigshare Services Private Limited
Telephone : + 91 22 - 6263 8200
Contact Person : Babu Rapheal C
Email ID : ipo@bigshareonline.com
Website : https://www.bigshareonline.com/
Lead Manager : Sundae Capital Advisors Private Limited
Telephone : +91 22 4515 5887
Contact Person : NitiN Somani / Rajiv Sharma
Email ID : nukleus.ipo@sundaecapital.com
Website : https://www.sundaecapital.com/
Nukleus Office Solutions is a leading co-working and managed office provider in Delhi NCR, offering flexible workspaces, including dedicated desks, private cabins, meeting rooms, and virtual offices. Catering to startups, SMEs, and enterprises (50-500 seats), it operates 7 centers and manages 4 offices, totaling 2,796 seats as of December 31, 2024.
The Company is led by Promoters, Nipun Gupta (48), a Commerce graduate from the University of Delhi, has 26+ years of experience across real estate, finance, infrastructure, and technology. Recognized as the Youngest Entrepreneur from India by the Govt. of UAE, he drives the company's growth, strategy, and financial performance since its inception in 2019 and Puja Gupta (46), also a Commerce graduate from the University of Delhi, has 20+ years of experience and manages the company's backend operations.
The Revenues from operations for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 2,135.66 Lakh, ₹ 1,716.41 Lakh, ₹ 1,089.76 Lakh and ₹ 342.42 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 529.99 Lakh, ₹ 327.53 Lakh, ₹ 140.23 Lakh, and ₹ 19.00 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 151.13 Lakh, ₹ 119.72 Lakh, ₹ 67.27 Lakh, and ₹ 10.64 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 19.71 and post-issue EPS of ₹ 2.97 for FY24. The pre-issue P/E ratio is 11.87x, while the post-issue P/E ratio is 78.81x. The company's ROCE for FY24 is 14.39%, ROE for FY24 is 46.09% and RoNW 46.09%. The Annualised EPS based on the latest financial data is ₹ 10.25 and PE ratio is 22.82x. These metrics suggest that the IPO is fully priced.
The Grey Market Premium (GMP) of Nukleus Office Solutions showing listing gains of 0.00 %. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Nukleus Office Solutions Limited IPO for Listing gain or long-term Investment Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information.
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
Equity Trading with CA Abhay
Equity Investment with CA Abhay
Option Trading with CA Abhay
Stock Market Masterclass
FNO Stocks with CA Abhay
Equity Investment with CA Abhay
FNO Stocks with CA Abhay
Equity Trading with CA Abhay
Stock Market Masterclass
Option Trading with CA Abhay
Copyright @2020 Design & Developed by Info Web Software