The initial public offer (IPO) of Nukleus Office Solutions received lukewarm response on day 1 as the public issue kicked off bidding today and will close on February 27, 2025. The IPO is a fixed price issue of Rs 31.70 crore with the issue being completely a fresh issue of Rs 13.55 lakh shares. The IPO on day 1 remained under-subscribed at 0.42 times. In retail category, it achieved a subscription of 0.61 times and in NII category, the subscription stood at 0.22 times.
Nukleus Office Solutions GMP
The latest grey market premium or GMP of Nukleus Office Solutions stood at Rs 0 as per latest updates available. With price band of Rs 234.00 per share, its likely listing price is Rs 234.00 per share.
Nukleus Office Solutions Allotment Details
The allotment of the public issue will reportedly be finalised on February 28, 2025. It will list on BSE SME with expected listing date of March 4, 2025.
Nukleus Office Solutions Price Band
The price of Nukleus Office Solutions IPO is Rs 234.00 per share. Meanwhile, the minimum lot size for each application is 600 with minimum investment required by retail investors at Rs 1,40,400. On the other hand, the minimum lot size investment for HNI is 2 lots or 1200 shares that will amount to Rs 2,80,000. Its market capitalisation stood at Rs 94.35 crore.
Nukleus Office Solutions Book Running Lead Manager
Sundae Capital Advisors is the book running lead manager. On the other hand, the registrar of the issue is Bigshares Services Pvt Ltd. Nikunj Stock Broker Limited is the market maker for the IPO. The funds of the IPO will be used for security deposits and capital expenditure for establishing new centres and creating technology platforms, and integration of all centres, among others. The money will be utilized for ad expenditures, boosting the brand’s visibility, and general corporate purposes.
The promoters of Nukleus Office Solutions are Puja Gupta and Nipun Gupta.
About
It came into existence in 2019. It is the leading co-working and managed office space based in Delhi-NCR. It offers desk spaces, private offices, and serviced offices. The company operates a total of 7 flexible workspaces along with 4 managed offices in Delhi-NCR. It offers a total of 2796 seats with the occupancy rate of 88.48%. The employee count of the firm stood at 30 as of December 31, 2024.
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