Nukleus Office Solutions IPO is a fixed price issue valued at ₹31.70 crore. It is a 100% fresh issue of 13.55 lakh shares. It opens for subscription on today and closes on February 27, 2025. The allotment is expected to be finalised on February 28, 2025, with a tentative listing date of March 4, 2025, on the BSE SME platform.
The IPO price is set at a price of ₹234 per share. Retail investors need a minimum investment of ₹1,40,400 for one lot of 600 Shares, while HNI investors must invest in at least 2 lots, amounting to ₹2,80,800.
Sundae Capital Advisors Private Limited is the book-running lead manager, while Bigshare Services Private Limited serves as the registrar. The market maker for Nukleus Office Solutions IPO is Nikunj Stock Brokers Limited.
For detailed financial and operational information, investors can refer to the Nukleus Office Solutions IPO RHP. This IPO presents an opportunity to invest in a growing enterprise listed on the SME platform.
Industry Outlook
- The Indian office solutions and co-working space industry is experiencing robust growth, driven by increasing demand for flexible workspaces from startups, SMEs, and large enterprises. Government initiatives like 'Make in India' and the rise of hybrid work models post-pandemic are contributing to the sector's expansion.
- The global co-working market, valued at USD 8.14 billion in 2022, is projected to grow significantly, supported by a shift towards cost-effective and collaborative work environments. Companies investing in technology-driven managed office solutions and enhanced customer experiences are well-positioned to capitalise on this trend.
Nukleus Office Solutions IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Funds amounting to ₹2,296.24 lakhs will be allocated towards capital expenditure and security deposits to establish new centres. This investment aims to enhance operational capacity and expand the company’s footprint in the market.
- ₹34.22 lakhs will be used to build a robust technology platform, integrate all centres, facilitate online client interactions, and develop a mobile application to enhance customer engagement and streamline operations.
- An estimated ₹49.56 lakhs will be spent on advertisement expenses to increase the visibility of the Nukleus brand, strengthening its market presence.
- A total of ₹588.02 lakhs will be allocated for general corporate purposes. The specific use of these funds will be finalised upon the determination of the issue price, ensuring financial flexibility and support for broader strategic initiatives. The amount utilised for general corporate purposes shall not exceed 25% of the gross proceeds.
- The total estimated utilisation from the net proceeds of the issue is ₹2,869.48 lakhs, after accounting for internal accruals of ₹98.56 lakhs already utilised.
About Nukleus Office Solutions Limited
Nukleus Office Solutions Limited, originally incorporated as "Nukleus Office Solutions Private Limited" on September 27, 2019, under the Companies Act, 2013, transitioned into a public limited company on July 29, 2024. The Corporate Identification Number (CIN) of the company is U70101DL2019PLC355618.
Nukleus Office Solutions Limited operates in the flexible workspace sector, providing managed office spaces, co-working solutions, and customised workspace solutions to businesses of all sizes. The company focuses on creating modern, efficient, and collaborative work environments through its network of managed offices.
Through its IPO, Nukleus Office Solutions aims to enhance its infrastructure, develop advanced technology platforms, boost brand visibility, and maintain robust financial health. The IPO proceeds will be strategically utilised for capital expenditure, technology upgrades, advertisement expenses, and general corporate purposes, ensuring sustainable growth and market competitiveness.
The company is committed to delivering high-quality workspace solutions with a focus on innovation, customer satisfaction, and long-term value creation. By continuously investing in technology and modern amenities, Nukleus strives to offer its clients a seamless and productive work environment.
How To Check the Allotment Status of the Nukleus Office Solutions IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Nukleus Office Solutions IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Nukleus Office Solutions IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Nukleus Office Solutions IPO
Registered office: 1102, Barakhamba Tower,
22 Barakhamba Road,
Connaught Place,
New Delhi - 110001, India
Phone: +91 9667049487
E-mail: cs@nukleus.work
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 |
1200 |
₹2,80,800 |
Nukleus Office Solutions IPO Reservation
|
Investor Category |
Shares Offered |
|
Retail Shares Offered |
50% of the Net Issue |
|
Other Shares Offered |
50% of the Net Issue |
Nukleus Office Solutions IPO Promoter Holding
The Promoters of the Company are Nipun Gupta and Puja Gupta.
|
Share Holding Pre-Issue |
99.98% |
|
Share Holding Post Issue |
- |
Key Performance Indicators for Nukleus Office Solutions IPO
As of March 31, 2024, the market capitalisation of Nukleus Office Solutions's IPO is ₹94.35 crore. Here are the KPIs of Nukleus Office Solutions:
|
KPI |
Value |
|
RoE (%) |
46.09 |
|
RoCE (%) |
14.39 |
|
EBITDA Margin (%) |
12.71 |
|
PAT Margin (%) |
6.99 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
4.47 |
5.00 |
|
P/E (x) |
52.33 |
46.82 |
Note: The Pre IPO EPS is calculated based on pre-issue shareholding as of the date of RHP and the latest FY earnings as of March 31, 2024, that is available in RHP.
The post-issue EPS is calculated based on the post-issue shareholding and annualised FY earnings of December 31, 2024, that are available in RHP.
Nukleus Office Solutions IPO Prospectus
Nukleus Office Solutions IPO Registrar and Lead Managers
Nukleus Office Solutions IPO Lead Managers
- Sundae Capital Advisors Private Limited
Registrar for Nukleus Office Solutions IPO
Bigshare Services Private Limited
- Contact Number: +91-22-6263 8200
- Email Address: ipo@bigshareonline.com
Nukleus Office Solutions IPO Registrar
Know before investing
Strengths
8Strong market position in the flexible workspace industry, offering managed office spaces, co-working solutions, and customised workspace options to a diverse clientele.
Strategic locations in business hubs like New Delhi and Noida, providing modern and collaborative work environments.
Scalable and adaptable business model that meets the evolving needs of startups, SMEs, and large enterprises, enhancing client retention.
Robust technology investments, including a mobile application, streamline operations and improve customer interactions.
Effective utilisation of IPO proceeds to boost operational capacity, technology development, and brand-building initiatives.
Significant growth opportunities from the rising demand for flexible office spaces driven by hybrid work models.
Focus on sustainability and eco-friendly workspace designs, aligning with global trends.
Supportive government policies for the real estate and infrastructure sectors in India create a favourable growth environment.
Risks
8Intense competition from both domestic and international flexible workspace providers, impacting market share and pricing power.
Dependence on the performance of the commercial real estate market, which is influenced by broader economic conditions and business sentiment.
Regulatory risks associated with compliance in the real estate and workspace leasing sectors, including evolving safety, health, and environmental standards.
Potential disruptions in the supply chain for office infrastructure and technology solutions, affecting the timely completion of projects.
Fluctuations in occupancy rates and rental yields due to changing market demands and economic cycles.
Risk of inefficient utilisation of IPO proceeds, which could hinder planned expansion and negatively affect investor confidence.
Operational challenges in managing multiple co-working centres and maintaining consistent service quality across locations.
Economic slowdowns, changes in work culture, or a shift towards permanent remote work could reduce demand for flexible office spaces.
