Nukleus Office IPO: Issue subscribed 53% so far on day 2; check objectives, allotment and listing date

Nukleus Office IPO: The initial public offer of co-working solutions provider Nukleus Office Solutions Ltd has been subscribed 0.53% until 2:32 pm on Tuesday, February 25, the second day of bidding.

The IPO, a fixed price issue at ₹234 per share, will conclude on Thursday, February 27.

The ₹31.70 crore initial share sale is a fresh issue of 13.55 lakh equity shares.

Nukleus Office IPO: Objectives

• Capital expenditure and security deposit towards the establishment of new centres
• Building up new technology platform, integration of all centres, mobile application and online client interaction
• Advertisement expenses
• Corporate general purposes

Nukleus Office IPO lot size

An investor can apply for at least one lot consisting of 600 shares worth ₹1,40,400, and high-net-worth individuals can apply for two lots valued at ₹2,80,800.

Nukleus Office IPO allotment and listing date

The allotment is likely to be finalised on February 28. Refunds will be initiated for the unsuccessful investors on March 3, while shares will be credited to the Demat account of successful investors on the same day.

The listing on the BSE SME platform will occur on March 3.

Sundae Capital Advisors is the issue's book-running lead manager, while Bigshare Services is the registrar.

About the company

Nukleus Office Solutions is a co-working and managed office space provider, offering fully furnished, flexible workspaces, private cabins, dedicated desks, startup size and innovative spaces in the Delhi-NCR region. Its office solutions cater to startups, large enterprises, SMEs, entrepreneurs, and professionals.

It also provides fully serviced and managed workspace solutions for enterprises ranging from 50-500 seats.

As of December 2024, it has seven centres with flexible workspaces and four managed offices in the Delhi-NCR region.