Nukleus Office Solutions IPO: Details, Review, Price, Date & GMP

Nukleus Office Solutions IPO - Complete Overview

Nukleus Office Solutions IPO under the SME IPO category is a fixed issue of Rs.31.70 Cr (13.55 lac Shares) by Nukleus Office Solutions Limited, which was incorporated in December 2019. The company is set on co-working and managed office spaces in Delhi NCR and provides furnished and flexible workspaces comprising dedicated desks, private cabins, meeting rooms, startup zones, and virtual offices. 

The company offers myriad solutions for startups, SMEs, large enterprises, professionals, and entrepreneurs. The company provides fully serviced workspaces for 50-500-seat enterprises. As of Dec 31, 2024, the company operated 7 flexible workspaces and 4 Managed Offices in the Delhi NCR, providing 2,796 total seats with an occupancy of 88.48%.

 

Nukleus Office Solutions Limited IPO - Overview

This new SME IPO comprises a wholly fresh issue of 13.55 lac Shares (Rs.31.70 Cr). The Nukleus Office Solutions Limited IPO date is from 24 Feb to 27 Feb 2025.

This upcoming IPO i.e. the Nukleus Office Solutions IPO Price is Rs.234 per Share. The listing date is 04 Mar 2025 at BSE and SME.

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Click to open a Demat account and apply for the IPO.

 

Company Financial

(Amount in Cr)

 

 

Cash Flows

The cash flows for various activities are mentioned below:

(Amount in lac)

 

Office Type-wise Revenue Breakdown 

(Amount in lac)

(Source: RHP)

 

The Objective of The Issue

• Security deposit and capital investment for the opening of new centers.

• Establishing a technological platform, integrating all centers, interacting with clients online, and developing mobile applications.

• Advertising expenditures to raise our brand's awareness.

• General corporate purposes.

 

Peers of Nukleus Office Solutions Ltd.

 

Evaluation

The IPO price is Rs.234 for each Share.

 

Evaluation of the P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.19.71 from the last year, the resulting P/E ratio is 11.87x.

Considering the weighted EPS of Rs.14.51 for the last three years, the P/E ratio is 16.13x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 39.25x.

In simple words, the P/E ratio of this IPO (11.87x), compared with the industry’s average P/E of 39.25x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths

• An efficient management and flexible service delivery will help us mount a powerful record in the effective management of co-working and office spaces.

• Customizable workspace with flexible membership options.

• A hybrid model, addressing diversified demands.

• New Technologies in our Centres along with Infrastructure growth.

 

IPO’s Weaknesses

• The company has considerable borrowing, and servicing them requires a considerable cash flow, which limits its operating freedom.

• The company may encounter difficulties in expanding to new geographies in India, which may affect its projected growth and business prospects.

• A situation where hygiene and cleanliness standards in co-working spaces are not maintained would adversely impact the retention of clients as well as their financial performance.

• Certain operations of the companies are outsourced to third parties, whereas failure in performance of the third parties would have negative impacts on business operations and financial conditions.

 

Nukleus Office Solutions IPO GMP

Nukleus Office Solutions IPO GMP has not started yet as of 20 Feb 2025.

 

 

IPO Timetable (Tentative)

The Nukleus Office Solutions IPO date is 24 Feb with tentative allotment on 28 Feb, refund initiation on 03 Mar, and listing on 04 Mar 2025.

 

Nukleus Office Solutions IPO Details 

The IPO with a Face Value of Rs.10 per share, offers a total issue size of 13,54,800 Shares (Rs.31.70 Cr).

 

Nukleus Office Solutions IPO Lot Details 

The Nukleus Office Solutions IPO allows retail investors to invest in a minimum and maximum of 1 Lot (600 Shares) amounting to Rs.140400 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (1200 Shares) amounting to Rs.280800.

 

IPO Reservation (% of Net Issue)

 

 

Promoters And Management of Nukleus Office Solutions Ltd.

• Nipun Gupta.

• Puja Gupta.

 

IPO Lead Managers

• Sundae Capital Advisors.

 

Dividend Policy

The company has not paid a dividend in the last 3 financial years.

 

Conclusion

Nukleus Office Solutions Limited is rolling out its IPO worth Rs.31.70 crore, which is going to be used for expanding its co-working and managed office spaces. Financials do show definite growth but have high borrowings. The IPO appears low-priced as compared to its industry, as it has a P/E lesser than the industry average. Investors must evaluate the risks while considering investing in it.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

DISCLAIMER: NOT a buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always discuss with an eligible financial advisor before investing.

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