The co-working and managed office space sector in India is experiencing a transformative phase, fueled by evolving work cultures and the rise of flexible workspace solutions.
Nukleus Office Solutions Limited, a Delhi NCR-based company, has emerged as a notable player in this domain. With its Initial Public Offering (IPO) launched in February 2025, the company aims to capitalize on this growth trajectory.
This article provides an in-depth analysis of Nukleus Office Solutions Limited’s IPO, covering its business profile, financials, objectives, and more, to equip investors with essential insights.
About Nukleus Office Solutions Limited Company
Nukleus Office Solutions Limited, incorporated in December 2019, is a provider of co-working and managed office spaces headquartered in Delhi NCR. Founded by Nipun Gupta, who brings over 25 years of real estate expertise, the company caters to a diverse clientele, including startups, SMEs, large corporations, professionals, and entrepreneurs.
Nukleus offers fully furnished, flexible workspaces such as dedicated desks, private cabins, meeting rooms, startup zones, and virtual office services. As of December 31, 2024, it operates seven co-working centers and four managed offices with a total seating capacity of 2,796 and an occupancy rate of 88.48%.
Positioned in the bustling Delhi NCR region, Nukleus leverages its strategic location and hybrid service model to meet the growing demand for scalable office solutions.
Nukleus Office Solutions Limited IPO Details
The Nukleus Office Solutions Limited IPO is a Small and Medium Enterprise (SME) offering listed on the BSE SME platform. It is a fixed-price issue aimed at raising funds for expansion and operational enhancements.
- Issue Size: Fresh issue of 1,354,800 equity shares with a face value of ₹10 each, aggregating to ₹31.70 crore.
- Issue Price: ₹234 per equity share.
- Promoters’ Contribution: Promoters Nipun Gupta and Puja Gupta are contributing up to 289,800 equity shares, valued at approximately ₹6.78 crore.
- Net Issue: Post-promoter contribution and market maker reservation (53,400 shares), the net issue forms 25.09% of the post-issue paid-up capital.
- Lead Manager: Sundae Capital Advisors Private Limited.
- Registrar: Bigshare Services Private Limited.
- Market Maker: Nikunj Stock Brokers Limited.
This IPO reflects Nukleus’s strategy to bolster its financial base while inviting public investment in the co-working sector.
Nukleus Office Solutions Limited IPO Timeline
The IPO timeline outlines the subscription, allotment, and listing process, ensuring transparency for investors.
- IPO Opening Date: February 24, 2025
- IPO Closing Date: February 27, 2025
- Basis of Allotment: February 28, 2025
- Refunds Initiation: March 3, 2025
- Shares Credited to Demat: March 3, 2025
- Listing Date: March 4, 2025 (tentative)
These dates are subject to change, and investors should monitor updates on the BSE SME platform or registrar’s portal.
Nukleus Office Solutions Limited Promoter
The promoters are the driving force behind Nukleus’s vision and operations.
- Nipun Gupta: The founder and a key promoter, Nipun Gupta has over 25 years of experience in the real estate industry. His expertise in commercial property management and market insights has shaped Nukleus’s growth strategy.
- Puja Gupta: A co-promoter, Puja Gupta supports the company’s operational and strategic initiatives, contributing to its stability and direction.
Together, they hold a significant stake in the company and are partially diluting their shares via the IPO to fund expansion while retaining control.
Nukleus Office Solutions Limited IPO Lot Size
The lot size defines the minimum share application, balancing accessibility and investment scale.
- Minimum Lot Size: 600 shares
- Minimum Investment (Retail): ₹140,400 (600 shares × ₹234)
- Minimum Investment (HNI): 1,200 shares (2 lots), ₹280,800
- Application Multiples: Multiples of 600 shares
This structure caters to both retail and high net-worth individual (HNI) investors.
Nukleus Office Solutions Limited IPO Reservation
The reservation policy ensures equitable distribution across investor categories.
- Retail Individual Investors (RII): 50% of the net issue
- Non-Institutional Investors (NII): 50% of the net issue
- Qualified Institutional Buyers (QIB): 0%
- Market Maker: 53,400 shares
The focus on RII and NII highlights the SME orientation, with no QIB allocation.
Nukleus Office Solutions Limited Company Financials
Financial performance is a cornerstone for evaluating investment potential. Below is a table summarizing Nukleus’s key financial metrics:
| Metric | FY 2022 | FY 2023 | FY 2024 | 9 Months Ended Dec 31, 2024 |
|---|---|---|---|---|
| Revenue (₹ Crore) | 3.41 | 10.88 | 17.16 | 21.36 |
| Profit After Tax (₹ Crore) | Minimal | 0.67 | 1.20 | 1.51 |
| Total Assets (₹ Crore) | 3.27 | – | – | 29.37 |
| Net Worth (₹ Crore) | 0.33 | – | – | 8.71 |
| Borrowings (₹ Crore) | – | – | – | 13.58 |
| Reserves & Surplus (₹ Crore) | – | – | – | 6.03 |
Analysis: Revenue has grown at a CAGR of approximately 124% from FY 2022 to FY 2024, with a 57.72% increase in FY 2024 alone. Profitability has strengthened, with PAT nearly doubling from FY 2023 to FY 2024. The surge in assets and net worth by December 2024 reflects expansion efforts, though borrowings indicate leveraged growth.
Nukleus Office Solutions Objects of the Issue
The net proceeds will fund strategic initiatives to enhance Nukleus’s market position.
- Capital Expenditure & Security Deposits: Establishing new co-working and managed office centers.
- Technology Development: ₹0.34 crore for an integrated platform, including center integration, online client interaction, and a mobile app.
- Advertising Expenses: ₹0.49 crore to boost brand visibility.
- General Corporate Purposes: Up to 25% of gross proceeds for operational flexibility.
These objectives aim to scale operations and improve client engagement.
Nukleus Office Solutions Limited Company Upcoming Plan
Nukleus has outlined ambitious plans to leverage the IPO proceeds and market trends.
- Geographic Expansion: Extend operations beyond Delhi NCR into Tier-1 and Tier-2 cities.
- Capacity Increase: Add new centers to boost seating capacity and revenue potential.
- Technology Integration: Launch a mobile app and enhance digital platforms for seamless client experiences.
- Brand Enhancement: Strengthen marketing efforts to compete with established players.
These plans position Nukleus to tap into India’s growing co-working demand.
Strengths and Risks of the Company
Strengths
- Market Growth: The co-working sector is expanding, with a projected CAGR of 7-9% over the next five years.
- High Occupancy: 88.48% occupancy rate as of December 2024 indicates strong demand.
- Recurring Revenue: Long-term leases ensure stable cash flow.
- Experienced Leadership: Nipun Gupta’s real estate expertise drives strategic decisions.
- Prime Location: Delhi NCR’s business hub status enhances client reach.
Risks
- Competitive Pressure: Rivals like Awfis and international brands challenge market share.
- Real Estate Volatility: Lease-dependent operations are sensitive to property market fluctuations.
- Debt Burden: Borrowings of ₹13.58 crore could strain finances if growth slows.
- Execution Risk: Scaling into new regions carries operational and financial uncertainties.
- Regulatory Changes: Shifts in real estate or labor laws could impact costs.
Investors should balance these factors when assessing Nukleus’s IPO.
Company Contact Details
For direct inquiries, Nukleus can be reached at:
- Address: 1102, Barakhamba Tower, 22 Barakhamba Road, Connaught Place, New Delhi – 110001, India
- Phone: +91 96670 49487
- Email: cs@nukleus.work
- Website: www.nukleus.work
These details facilitate investor and stakeholder communication.
Company IPO Registrar Details
The registrar manages share allotment and refund processes.
- Registrar: Bigshare Services Private Limited
- Address: 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (E), Mumbai – 400059, India
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/IPO_Status.html
Investors can check allotment status via the registrar’s portal post-subscription.
Company Official RHP and DRHP Official Link
The Red Herring Prospectus (RHP) and Draft Red Herring Prospectus (DRHP) provide detailed IPO insights, accessible via SEBI’s website.
| Document | Description | SEBI Link |
|---|---|---|
| DRHP | Draft prospectus filed with SEBI | https://www.sebi.gov.in/filings/public-issues/ |
| RHP | Final prospectus before subscription | https://www.sebi.gov.in/filings/public-issues/ |
Frequently Asked Questions Related to Nukleus Office Solutions Limited
- What is the Nukleus Office Solutions IPO price?
The IPO is priced at ₹234 per equity share. - When does the IPO open and close?
It opens on February 24, 2025, and closes on February 27, 2025. - What is the minimum investment for retail investors?
The minimum investment is ₹140,400 for 600 shares. - What are the proceeds used for?
Funds will support expansion, technology upgrades, advertising, and general corporate purposes. - Where will the IPO list?
It will list on the BSE SME platform, tentatively on March 4, 2025. - Who are the promoters?
Nipun Gupta and Puja Gupta are the promoters. - Is this a good investment?
It depends on your risk appetite and investment horizon; review financials and risks before deciding.
Nukleus Office Solutions Limited IPO offers a chance to invest in a promising player in India’s co-working sector. With strong revenue growth, high occupancy, and a clear expansion roadmap, the company presents an attractive case for long-term investors. However, competitive pressures and debt levels warrant caution. Subscription is open from February 24 to February 27, 2025, with listing expected on March 4, 2025. Investors should review the RHP and consult advisors to make informed decisions.
Disclaimer: Investments in IPOs and stock markets carry inherent risks. This article is for informational purposes only and does not constitute financial advice. Always consult a financial advisor and review official documents like the RHP before investing. Past performance does not guarantee future results.
