Nukleus Office Solutions IPO booked 1.3 times on Day 3: Here’s how to check allotment status online

The ₹31.7-crore initial public offering (IPO) of Nukleus Office Solutions Ltd closed today, February 27, with an overall subscription of just 1.3 times.

After witnessing a tepid demand on the first two days of bidding, the BSE SME issue was fully booked on the last day led by the retail investors.

The IPO attracted bids for over 13 lakh shares against 10.11 lakh shares on offer, the BSE data till 5 pm showed.

The retail investors’ quota was booked 1.70 times, with the company receiving bids for 8.6 lakh shares as against 5.05 lakh shares reserved for the category. Meanwhile, the non-institutional investors’ (NIIs) segment was subscribed 87%, with bids for 4.39 lakh shares compared to 5.05 lakh shares set aside for the category. The qualified institutional buyers (QIB) applied for 54,000 shares.

Bidders in the Nukleus Office Solutions IPO would now be waiting for the announcement of the allotment status that is expected to be finalised on Friday, February 28.

Investors can check the share allotment details online either on the BSE website or on the portal of the issue’s registrar Bigshare Services Pvt Ltd.

How to check allotment status on the BSE website

• Visit the BSE IPO allotment status page: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type.
• From the ‘Issue Name’ dropdown menu, select ‘Nukleus Office Solutions Ltd’.
• Then identify yourself using either PAN details or IPO application number.
• Click on the ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.

How to check allotment status on the website of Bigshare Services

• Open the IPO allotment status page on Bigshare Services website: https://www.bigshareonline.com/ipo_allotment.html
• Choose any of the server links from the three options.
• Select ‘Nukleus Office Solutions Ltd’ from the drop-down menu for company names.
• Choose any of these – PAN, Application Number, DP ID, or Account Number.
• Enter the relevant details for verification.
• Click on the ‘Submit’ button.

Nukleus Office Solutions IPO key details

• The Nukleus Office Solutions IPO comprised only a fresh issuance of 13.55 lakh shares, aggregating ₹31.7 crore. The issue did not include an offer-for-sale (OFS) component.
• It was a fixed-price issue, with shares being offered at ₹234 apiece in a lot size of 600 units.
• Sundae Capital Advisors Ltd. is the IPO's book-running lead manager, while Bigshare Services Pvt Ltd. is the registrar.
• Nikunj Stock Brokers Ltd is the market maker for the issue.
• Once the allotment is finalised, successful bidders can expect shares to be credited in their demat account by March 3. Refunds to others would be initiated the same day.
• Nukleus Office Solutions shares are scheduled to list on the BSE SME platform on March 4.

About Nukleus Office Solutions and use of IPO proceeds

Incorporated in 2019, Nukleus Office Solutions provides co-working and managed office solutions in Delhi-NCR.

The company offers fully serviced workspaces suitable for enterprises with 50 to 500 seats. Its offerings feature flexible workspaces such as private cabins, dedicated desks, startup zones, meeting rooms and virtual offices.

The company intends to utilise the funds raised from the IPO for several strategic initiatives. A portion of the capital will go towards capital expenditure and security deposits required for setting up new centres. Additionally, the company plans to invest in advertising to boost brand visibility and recognition.

The company said the funds would also support the development of a robust technology platform, enhance online client interactions, integrate all centres, and launch a dedicated mobile application. A portion of the IPO proceeds would also be allocated for general corporate purposes.

Nukleus Office Solutions: Key financials

In FY25, Nukleus Office Solutions’ revenue from operations for the nine-month period ended December 2024 stood at ₹21.34 crore. Its profit after tax (PAT) for the period was reported at ₹1.51 crore.

For the financial year 2023-24, the company’s revenue from operations was recorded at ₹17.12 crore against ₹10.88 crore in the preceding fiscal. Profit after tax for FY24 stood at ₹1.19 crore compared to ₹67.27 lakh in FY23.

Key performance indicators