Nukleus Office Solutions IPO - Day 3 Subscription at 0.83 Times

Nukleus Office Solutions' initial public offering (IPO) has shown steady improvement through its three-day subscription period. The ₹31.70 crore IPO has witnessed consistent growth in demand, with subscription rates advancing from 0.42 times on day one, improving to 0.67 times on day two, and reaching 0.83 times by 10:39 AM on the final day, demonstrating gradual investor interest in this co-working and managed office space provider focused on the Delhi NCR region.

Nukleus Office Solutions IPO’s retail segment has emerged as the standout performer, crossing the full subscription mark at 1.14 times, indicating significant confidence from individual investors in the company's flexible workspace business model. This strong retail participation is particularly noteworthy given the company's strategic positioning in the growing flexible office solutions market, where they operate 7 flexible workspaces and 4 managed offices with 2,796 total seats and an impressive 88.48% occupancy rate.
 

Nukleus Office Solutions IPO’s overall response has gathered measured momentum, with total applications reaching 1,173. The Non-Institutional Investors (NII) segment has shown cautious interest with 0.51 times subscription, while the cumulative bid amount has reached ₹19.59 crores against the issue size. This progressive improvement in subscription reflects strategic evaluation by investors of the company's growth prospects in the evolving post-pandemic workspace sector, where their hybrid model caters to diverse client needs from startups and SMEs to large enterprises requiring 50-500 seat office solutions.

Subscription Status of Nukleus Office Solutions IPO:

Here are the subscription details for Nukleus Office Solutions IPO as of Day 3 (February 27, 2025, 10:39 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Nukleus Office Solutions IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reaching 0.83 times, showing steady progress toward full subscription
• Retail investors crossing the full subscription mark at 1.14 times, demonstrating strong individual investor confidence
• NII segment showing gradual improvement to 0.51 times, reflecting measured institutional evaluation
• Total applications reaching 1,173, indicating focused investor participation
• Cumulative bid amount nearing ₹19.59 crores, showing growing interest in the offering
• Retail momentum driving overall subscription progress with ₹13.53 crores in bids
• Final day building on consistent improvement pattern
• Flexible workspace model attracting retail investor attention
• Strong occupancy rates supporting subscription confidence
• Delhi NCR strategic focus resonating with investors
• High-quality service offering driving interest
• Hybrid model approach generating attention
• Customizable solutions highlighting business flexibility
• Technology integration plans drawing investor interest

Nukleus Office Solutions IPO - Day 2 Subscription at 0.67 Times

Key Highlights:

• Overall subscription improving to 0.67 times, showing consistent growth
• Retail investors approaching full subscription at 0.95 times
• NII segment showing measured progress to 0.29 times
• Day two maintaining steady momentum across categories
• Market response indicating gradual confidence building
• Workspace portfolio strength attracting attention
• High occupancy rates supporting investor interest
• Second day building on positive opening
• Measured evaluation by institutional investors
• Co-working sector expertise drawing attention
• Operational efficiency highlighting management capabilities
• Delhi NCR focus providing regional strength
• Diverse client portfolio supporting subscription
• Post-pandemic workspace trends driving interest

Nukleus Office Solutions IPO - Day 1 Subscription at 0.42 Times

Key Highlights:

• Overall subscription opening at 0.42 times, showing measured start
• Retail investors beginning strongly at 0.61 times
• NII segment showing initial interest at 0.22 times
• Opening day demonstrating balanced approach
• Initial momentum indicating strategic evaluation
• Workspace sector experience driving interest
• First day setting subscription baseline
• Market response suggesting careful assessment
• Technology integration plans attracting attention
• Operational expertise drawing interest
• Flexible office solutions resonating with investors
• High occupancy rates highlighting operational success
• Opening momentum building gradually
• Initial response showing measured approach

About Nukleus Office Solutions Limited

Nukleus Office Solutions Limited, established in December 2019, has quickly positioned itself as a notable player in the co-working and managed office solutions sector in the Delhi NCR region. The company operates a comprehensive portfolio of 7 flexible workspaces and 4 managed offices, providing 2,796 total seats with an impressive 88.48% occupancy rate as of December 31, 2024. Their diverse workspace solutions cater to the full spectrum of market needs, from individual entrepreneurs to large enterprises requiring fully serviced workspaces for 50-500 employees.

Their business model demonstrates exceptional adaptability through a hybrid approach that combines traditional co-working with customized managed office solutions. The company offers a comprehensive range of workspace options including dedicated desks, private cabins, meeting rooms, startup zones, and virtual offices, with all locations equipped with modern amenities and technology infrastructure. This flexibility allows them to serve varied client segments from startups and SMEs to established corporations, creating stable revenue streams while adapting to evolving market demands.

Their financial performance shows consistent growth with revenue increasing from ₹10.90 crores in FY2023 to ₹17.16 crores in FY2024, while profit after tax rose from ₹0.67 crores to ₹1.20 crores. For the nine months ended December 31, 2024, the company reported revenue of ₹21.36 crores with a PAT of ₹1.51 crores, demonstrating their accelerating growth trajectory and operational efficiency in the competitive workspace solutions sector.

Their competitive strengths include:

• Efficient management with proven track record in co-working operations
• Customizable workspace solutions with flexible membership options
• Hybrid business model catering to diverse market demands
• Strategic focus on technology integration and infrastructure development
• Experienced promoters and management team
• Strong presence in the Delhi NCR region
• High occupancy rates across locations
• Diverse client portfolio across multiple sectors
• Adaptable business model for changing workspace trends
• End-to-end workspace solutions capabilities
   

Highlights of the Nukleus Office Solutions IPO:

• IPO type: Fixed Price Issue SME IPO
• IPO size: ₹31.70 crores
• Fresh Issue: 13.55 lakh shares
• Face value: ₹10 per share
• Issue price: ₹234 per share
• Lot size: 600 shares
• Minimum investment for retail investors: ₹1,40,400
• Minimum investment for HNI: ₹2,80,800 (2 lots)
• Market maker reservation: 53,400 shares
• Listing at: BSE SME
• IPO opens: February 24, 2025
• IPO closes: February 27, 2025
• Allotment date: February 28, 2025
• Refund initiation: March 3, 2025
• Credit of shares: March 3, 2025
• Listing date: March 4, 2025
• Lead Manager: Sundae Capital Advisors
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Nikunj Stock Brokers Limited