Nukleus Office Solutions Limited IPO is fully book build issue and total IPO size is ₹31.70 crores. The entire share offering is an offer for sale of 13,54,800 shares.
The subscription dates for the Nukleus Office Solutions IPO is opening on February 24 and closing on February 27. The allotment process is expected to be finalized by February 28.
The Nukleus Office Solutions Limited IPO is scheduled to list on BSE SME, with a tentative listing date of March 4. The price band for the Nukleus Office Solutions Limited IPO ₹234 per share.
Registrar for this IPO is Bigshare Services Private Limited and lead managers for Nukleus Office Solutions Limited IPO are Sundae Capital Advisors Private Limited.
IPO Schedule
| IPO Open Date | Monday, 24 Feb, 2025 |
|---|---|
| IPO Close Date | Thursday, 27 Feb, 2025 |
| IPO Allotment Date | Friday, 28 Feb, 2025 |
| Refund Initiation | Monday, 03 Mar, 2025 |
| Share credit in Demat | Monday, 03 Mar, 2025 |
| Listing Date | Tuesday, 04 Mar, 2025 |
Key Details
| Price Band | ₹234 Per Share |
|---|---|
| Lot Size | 600 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | ₹31.70 Crores |
| Fresh Issue | ₹31.70 Crores |
| OFS Issue | 1,354,800 Shares |
| Issue Type | Fresh Issue |
| Listing At | BSE SME |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 0% |
| Retail | 50% |
| NII/HNI | 50% |
About Nukleus Office Solutions Company
Nukleus Office Solutions Limited, originally incorporated as Nukleus Office Solutions Private Limited in September 2019, is engaged in creation and co-working spaces for entrepreneurs. The company was converted into a public limited company in July 2024. The Promoters of the company are Mr. Nipun Gupta and Ms. Puja Gupta.
Our main objectives include establishing and administering incubation centers and providing co-working office spaces, either independently or through joint ventures and public-private partnerships, to foster industrial growth. We currently operate co-working centers, with our first center established in Noida in 2019.
Our registered office has been changed twice to facilitate business operations, most recently to 1102, Barakhamba Tower, 22 Barakhamba Road, Connaught Place, New Delhi - 110 001, India. Key milestones include incorporation in 2019, the launch of our first co-working center in Noida in 2019, and conversion to a public limited company in 2024.
We have been recognized with a Certificate of Recognition from the Department for Promotion of Industry and Internal Trade (2019), ISO 9001:2015 certification for providing co-working solutions (2023), the Times Business Award North 2024, and the MSME India Business Awards for most promising enterprise of the year (services) in 2024.
Currently, we do not have any financial or strategic partners, nor do we have a holding company, subsidiaries, or associate companies. We have not defaulted on any loan repayments, and our financing arrangements have not been rescheduled or restructured. We have not revalued our assets since incorporation.
An important agreement our company has entered into is a Business Agreement dated August 08, 2024, with Krishna Infosolutions Private Limited (KIPL) for jointly operating a co-working business center at Plot No, 29, Sector 142, Noida, Expressway, Noida - 201 305. Our company is required to pay an interest-free refundable security deposit of ₹ 2 crore. Further, KIPL shall receive 30% of the Gross Proceeds received by our Company from the operational floors.
Nukleus Office Solutions Financial Details
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 193.59 | 73.57 | 32.69 |
| Revenue | 171.28 | 108.81 | 34.08 |
| Profit After Tax | 11.97 | 6.73 | 1.06 |
| Net Worth | 41.95 | 10.00 | 3.28 |
| Reserves and Surplus | 16.78 | 8.40 | 1.68 |
| Total Borrowing | 5.71 | 0.28 | 0.00 |
₹ In Crore
Key Performance Indicator
| Basic EPS | Return on Net Worth | Net Asset Value | Debt-Equity Ratio | Return on Equity | Return on Capital Employed |
|---|---|---|---|---|---|
| ₹19.71 | 28.54% | ₹16.66 | 1.36 | 28.54% | 18.08% |
Offer Objectives
The offer objects include details regarding equity share allotment, tax benefits, and industry overview.
Equity Share Allotment: A total of 25,17,200 equity shares were allotted with a total consideration of ₹499.81 lakhs (₹4.9981 crore). The weighted average cost of acquisition (WACA) is ₹19.86. There were no secondary sales or acquisitions of equity shares by promoters or significant shareholders exceeding 5% of the fully diluted paid-up share capital in the 18 months preceding the Draft Prospectus.
Tax Benefits: The company and its shareholders are eligible for certain tax benefits under Indian tax laws, including Section 115BAA for a lower corporate tax rate of 22%, deductions under sections 35, 35AD, and 35D of the Income-tax Act, and Section 80M related to inter-corporate dividends. Shareholders may face tax on dividend income and capital gains from the sale of shares, with concessional rates available for long-term and short-term capital gains subject to conditions.
Industry Overview: The industry overview is based on a report by Dun & Bradstreet Information Services India Private Limited. The global economy is expected to show resilience at 3.1% in 2024, with a projected fall in global headline inflation from 6.8% in CY 2023 to 5.8% in CY 2024. The COVID-19 pandemic had a significant impact, leading to a recession in CY 2020 with a GDP growth of -3.3%.
Company Details
Address:
1102, Barakhamba Tower,
22 Barakhamba Road, Connaught Place,
New Delhi - 110 001, India
Phone: +91 96670 49487, +91 11428 11109
Email: [email protected]
Website: http://www.nukleus.work
IPO Registrar Details
Bigshare Services Private Limited
Phone: + 91 22 - 6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
