Nukleus Office Solutions, a leading provider of co-working and managed office spaces in Delhi NCR, has launched its IPO subscription from February 24 to February 27, 2025. The company offers fully furnished, flexible workspaces, including dedicated desks, private cabins, meeting rooms, virtual offices, and enterprise workspaces. With 7 operational centers and 4 managed offices, Nukleus has a total seating capacity of 2,796 as of December 31, 2024.

Nukleus Office Solutions IPO Details

The fixed-price issue IPO aims to raise ₹ 31.70 Crores through a fresh issue of 13.55 lakh shares. The issue price is set at ₹ 234 per equity share, with a lot size of 600 shares. Retail investors need to invest a minimum of ₹ 1,40,400, while High-Net-Worth Individuals (HNIs) must invest at least ₹ 2,80,800 for two lots (1,200 shares). The IPO is listed on the BSE SME platform, with an expected listing date of March 4, 2025.

Subscription and Allotment Process

As of 11:00 AM on February 27, 2025, the IPO is subscribed 0.68 times. Investors can check their IPO allotment status online on February 28, 2025, through the Bigshare Services Private Limited website by entering their application number, PAN, or DP Client ID.

Grey Market Premium (GMP) and Market Outlook

The Grey Market Premium (GMP) for Nukleus Office Solutions IPO is currently ₹ 0, indicating no listing gains expected. GMP depends on demand and supply in the unorganized market and is purely informational.

Financial Performance and Growth

Nukleus has shown steady financial growth, with revenues increasing from ₹ 342.42 Lakh in 2022 to ₹ 2,135.66 Lakh in December 2024. The EBITDA has improved from ₹ 19.00 Lakh in 2022 to ₹ 529.99 Lakh in December 2024, while the profit after tax (PAT) has grown from ₹ 10.64 Lakh in 2022 to ₹ 151.13 Lakh in December 2024.

Key financial indicators include:

• Pre-issue EPS: ₹ 19.71; Post-issue EPS: ₹ 2.97

• Pre-issue P/E Ratio: 11.87x; Post-issue P/E Ratio: 78.81x

• ROCE: 14.39%; ROE: 46.09%; RoNW: 46.09%

• Annualized EPS: ₹ 10.25; P/E Ratio: 22.82x

IPO Fund Utilization

Nukleus Office Solutions plans to utilize the net proceeds from the IPO as follows:

1. ₹ 2,296.24 Lakhs for capital expenditure and security deposit for new centers.

2. ₹ 34.22 Lakhs for technology platform development and client interaction tools.

3. ₹ 49.56 Lakhs for advertising and brand visibility.

4. ₹ 588.02 Lakhs for general corporate purposes.

Promoters and Leadership

The company is led by Nipun Gupta (48), a Commerce graduate from the University of Delhi with 26+ years of experience in real estate, finance, infrastructure, and technology. Recognized as India’s Youngest Entrepreneur by the UAE Government, he drives Nukleus's strategy and financial performance. Puja Gupta (46), also a Commerce graduate, has 20+ years of experience and manages backend operations.

Should You Invest in Nukleus Office Solutions IPO?

Given the high P/E ratio of 78.81x post-issue, low GMP of ₹ 0, and fully priced IPO, analysts do not recommend investing in Nukleus Office Solutions IPO for listing gains or long-term investment. Investors should evaluate financials and risk factors before making a decision.

Stay updated on the latest IPO news and subscription trends to make an informed investment choice.

The Upcoming IPOs in this week and coming weeks are Balaji Phosphates, NAPS Global.

The Current active IPO are Shreenath Paper, Nukleus Office.

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