Nukleus Office Solutions Limited Announces IPO Opening on 24th February 2025

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National: "Nukleus Office Solutions Limited" (NOSL), a leading provider of co-working and managed office spaces in Delhi NCR, has announced its Initial Public Offering (IPO) set to open on 24th February 2025. The company aims to raise up to ₹3,170.23 lakhs, with its shares to be listed on the BSE SME platform.

The IPO consists of 13,54,800 equity shares, with a fresh issue of 10,65,000 shares amounting to ₹2,492.10 lakhs and a promoter’s contribution of 2,89,800 shares aggregating to ₹678.13 lakhs. The share price is set at ₹234 per share, with a lot size of 600 shares for retail investors and 1,200 shares for HNIs. The issue closes on 27th February 2025, with a tentative listing date of 4th March 2025.

'Nukleus Office Solutions Limited' specializes in providing fully furnished, flexible workspaces, including dedicated desks, private cabins, meeting rooms, startup zones, and virtual offices. Catering to startups, SMEs, large enterprises, professionals, and entrepreneurs, NOSL also offers managed office solutions for enterprises with 50-500 seats.

As of July 31, 2024, the company operates seven centers in Delhi NCR and manages four managed offices, with a total capacity of 2,750 seats. The funds raised from the IPO will be utilized for:
  1. Expansion of new centers (capital expenditure and security deposits)
  2. Development of a technology platform for integration, client interaction, and mobile applications
  3. Brand visibility enhancement through advertising
  4. General corporate purposes

IPO Details:
  • Retail Quota: 50% of Net Issue
  • Other Investors Quota: 50% of Net Issue
  • Market Maker Quota: 53,400 equity shares
  • Pre-Issue Shares: 26,77,200 equity shares
  • Post-Issue Shares: 40,32,000 equity shares

The IPO’s lead manager is Sundae Capital Advisors Private Limited, with Bigshare Services Pvt. Ltd as the registrar. Nikunj Stock Brokers Limited will act as the market maker.

Nipun Gupta, MD of Nukleus Office Solutions Ltd, expressed enthusiasm about the company’s growth trajectory, stating, “We are delighted to announce our IPO on the BSE SME Platform. Our goal is to become the premier choice for individuals and businesses seeking flexible, affordable, and accessible office solutions across India. We look forward to a great future for the company.”

With an increasing demand for flexible workspaces and managed offices, Nukleus Office Solutions Limited is positioning itself as a key player in the evolving office space sector.

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