Nukleus Office Solutions IPO: A Comprehensive Analysis for Investors
Are you considering investing in the Nukleus Office Solutions IPO? This detailed guide provides an in-depth analysis to help you make an informed decision. We'll cover everything from the company's business model and financials to the IPO details and expert reviews.
What Does Nukleus Office Solutions Do?
Nukleus Office Solutions Limited, incorporated in December 2019, offers co-working and managed office spaces in Delhi NCR. They provide furnished and flexible workspaces including dedicated desks, private cabins, meeting rooms, startup zones, and virtual offices. Their solutions cater to startups, SMEs, large enterprises, professionals, and entrepreneurs, offering fully serviced workspaces for enterprises needing 50-500 seats.
As of December 31, 2024, the company operated 7 flexible workspaces and 4 Managed Offices in Delhi NCR, providing 2,796 total seats with 88.48% occupancy.
Key Strengths of Nukleus Office Solutions
Efficient Management: Proven track record in managing co-working and office spaces.
Customizable Workspace: Flexible membership options to suit various needs.
Hybrid Model: Catering to diverse demands.
Infrastructural Development: Integration of new technology in centers.
Experienced Team: Led by experienced promoters and an efficient management team.
Nukleus Office Solutions IPO Details
Here's a quick overview of the IPO:
IPO Date: February 24, 2025 to February 27, 2025
Listing Date: March 4, 2025
Face Value: ₹10 per share
Issue Price: ₹234 per share
Lot Size: 600 Shares
Total Issue Size: 13,54,800 shares (aggregating up to ₹31.70 Cr)
Fresh Issue: 13,54,800 shares (aggregating up to ₹31.70 Cr)
Issue Type: Fixed Price Issue IPO
Listing At: BSE SME
IPO Timeline (Tentative Schedule)
Stay informed with these key dates:
| Event | Date |
|---|---|
| IPO Open Date | Mon, Feb 24, 2025 |
| IPO Close Date | Thu, Feb 27, 2025 |
| Tentative Allotment | Fri, Feb 28, 2025 |
| Initiation of Refunds | Mon, Mar 3, 2025 |
| Credit of Shares to Demat | Mon, Mar 3, 2025 |
| Tentative Listing Date | Tue, Mar 4, 2025 |
IPO Progress
Feb 24, 2025
Feb 27, 2025
Feb 28, 2025
Mar 4, 2025
Lot Size and Investment Details
Understand the investment required:
| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,40,400 |
| Retail (Max) | 1 | 600 | ₹1,40,400 |
| HNI (Min) | 2 | 1,200 | ₹2,80,800 |
Use the Lot Size Calculator for more details.
Nukleus Office Solutions IPO Reservation
Here's the breakdown of shares offered:
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Market Maker | 53,400 | 5.01% |
| NII | 5,05,800 | 47.49% |
| Retail | 5,05,800 | 47.49% |
| Total | 10,65,000 | 100% |
Company Financials (₹ Crore)
Review the company's financial performance:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 29.37 | 19.36 | 7.36 | 3.27 |
| Revenue | 21.36 | 17.16 | 10.9 | 3.42 |
| Profit After Tax | 1.51 | 1.2 | 0.67 | 0.11 |
Key Performance Indicators (KPI)
Here are some important KPIs to consider:
| KPI | Value (as of Mar 31, 2024) |
|---|---|
| ROE | 46.09% |
| ROCE | 14.39% |
| Debt/Equity | 1.96 |
| RoNW | 46.09% |
| PAT Margin | 6.99% |
| Price to Book Value | 11.87 |
Pre and Post IPO EPS & P/E
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.47 | 5.00 |
| P/E (x) | 52.33 | 46.82 |
Note:
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2024 that is available in RHP.
Objects of the Issue (IPO Objectives)
The company plans to use the net proceeds for:
Capital expenditure and security deposit for new centers.
Building up technology platform and integrating all centers.
Advertisement expenses for enhancing brand visibility.
General corporate purposes.
Promoter Holding
Details about the promoters:
Promoters: Nipun Gupta and Puja Gupta
Share Holding Pre Issue: 99.98%
Share Holding Post Issue: (To be updated based on dilution)
Nukleus Office Solutions IPO - Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Nukleus Office Solutions IPO - Contact Details
Address: 1102, Barakhamba Tower 22 Barakhamba Road, Connaught Place New Delhi - 110001
Phone: +91 9667049487
Email: cs@nukleus.work
Website: https://www.nukleus.work/
Conclusion
The Nukleus Office Solutions IPO offers an opportunity to invest in the growing co-working space industry in India. While the company has shown promising financial growth and has several competitive strengths, investors should carefully consider the risks associated with a relatively small SME IPO. Evaluate the company's financials, IPO objectives, and expert reviews to make an informed decision.