Nukleus Office Solutions Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Nukleus Office Solutions Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹234
Per ShareLot Size
600 Shares
Minimum Investment
₹1,40,400
Issue Size
₹31.7 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Nukleus Office Solutions Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
94.01%
Issue Type
Fixed Price - SME
ISIN
INE0VYX01018
About the Company
We are co-working and managed office space provider which provides range of fully furnished, flexible workspaces, dedicated desks, private cabins, meeting rooms, innovative spaces, startup zones, virtual office etc. in Delhi NCR region. Our range of office solutions cater to diverse range of occupants including startups, SMEs, large enterprises, professionals, and entrepreneurs. We also offer fully serviced and managed workspace solution for enterprises ranging from 50-500 seats. As of December 31, 2024, we have 7 centres with flexible workspaces and also manage 4 Managed Offices in Delhi NCR region with an aggregate of 2,796 total seats.
Industry Overview
India's commercial office landscape is witnessing a significant shift towards flexible workspaces. The concept of flexible workspace, also known as flex space, has gained significant traction in recent years within India's commercial real estate market. This shift reflects a changing work environment where businesses prioritize agility, cost-effectiveness, and fostering collaboration. This concept, encompassing co-working spaces, serviced offices, and managed offices, caters to the evolving needs of businesses seeking agility, cost-effectiveness, and a collaborative environment. The total operational area dedicated to flexible workspaces in the top seven Indian cities has reached a staggering 53 million square feet in Q1 2023. This translates to a penetration level of around 4.7% of the overall office space stock, making India one of the fastest-growing flexible workspace markets globally.
Company History
Nukleus Office Solutions Limited was originally incorporated as "Nukleus Office Solutions Private Limited" at Delhi as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated September 27, 2019, issued by the RoC. Subsequently, the Company was converted to a public limited company and the name of the Company changed to `Nukleus Office Solutions Limited' and a fresh certificate of incorporation dated July 29, 2024 was issued by the RoC. The CIN of the Company is U70101DL2019PLC355618.
Products & Services
- The Company is co-working and managed office space provider which provides range of fully furnished, flexible workspaces, dedicated desks, private cabins, meeting rooms, innovative spaces, startup zones, virtual office etc. in Delhi NCR region.
Growth Strategy
- Expand the scale of our operations using our market expertise and learnings.
- Brand Building through standardisation of services provided and uniform aesthetic designs for our centres.
- Maintaining capital efficiency through our hybrid model.
- Diversifying business operations through establishing centers in other metro, tier 1 & 2 cities including centers with 125-175 seating capacity.
- Focus on expanding and strengthening our relationships with existing clients as well as catering to new customers.
- Offering managed office spaces to businesses with long leases, focusing on partnering with creditworthy organizations for stability and reliability.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 13,54,800 equity shares of face value of Rs. 10 each (equity shares) of Nukleus Office Solutions Limited (company / issuer) for cash at a price of Rs. 234 per equity share (including a share premium of Rs. 224 per equity share) (issue price) aggregating up to Rs. 31.70 crores. The issue includes promoters contribution of 2,89,800 equity shares aggregating up to Rs. 6.78 crores by the promoters (promoters contribution) and a reservation of up to 53,400 equity shares aggregating up to Rs. 1.25 crores for subscription by market maker (market maker reservation portion). The issue less the promoters contribution and market maker reservation portion is hereinafter referred to as the net issue. The issue (excluding promoters contribution) and the net issue shall constitute 26.41% and 25.09%, respectively, of the post-issue paidup equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strategic locations with high demand for coworking spaces ensure accessibility and convenience for businesses of all scales.
- Promote Community Building through networking events and workshops.
- Customisable workspace along with flexible membership options.
- Integration of Technology and Digitalisation in our centres.
- Showing excellence in financial and operational performance.
- The company has substantial indebtedness which requires significant cash flows to service, and limits its ability to operate freely.
- There are certain errors noticed in its notes to the audited financial statements for the Fiscal 2024, 2023 and 2022 which does not requires any corrective adjustment in the financial information. Any penalty or action taken by any regulatory authorizes for such erroneous disclosure may lead to penal action against the Company under the provisions of the Companies Act, 2013 for an amount of Rs. 10,000 and in case of continuing contravention of provisions of the Companies Act, 2013, with a further penalty of Rs. 1,000 each day subject to a maximum of Rs. 2,00,000 in case of a company and Rs. 50,000 in case of officer in default.
- Its may be unable to successfully grow the company business in new geographies in India and to realize the anticipated growth opportunities from such expansion of co-working spaces, which may adversely affect its business prospects, results of operations, financial condition and cash flows.
- Any failures to maintain the cleanliness, hygiene standards and ambience of the co-working places that the company offer, will adversely affect its client retention success and thus overall business, revenue from operations and financial performance.
- Negative customer experiences or negative publicity surrounding its co-working spaces could have an impact on the company ability to attract new corporate customers. Thus, its may also incur higher expenses towards business promotion in the future, to source more corporate customers which may have an adverse impact on its business and financial condition.