According to Chittorgarh data, the IPO’s RII portion has been subscribed to 77%, while the non-institutional investors (NIIs) quota has been booked at 19%. The IPO is priced at ₹234 per share, and the issue size amounts to ₹31.70 crore, offering a fresh issue of 13.55 lakh equity shares.

The IPO proceeds will be utilised for several key objectives. One of the primary goals is capital expenditure to establish new centres across India. The company also plans to build a new technology platform that integrates all centres and enhances customer interaction through a mobile application and online client portals. Additionally, the funds will be used for advertisement expenses and other general corporate purposes.

The minimum lot size for investors looking to apply is 600 shares, priced at ₹1,40,400. High-net-worth individuals (HNIs) can apply for two lots valued at ₹2,80,800. This pricing structure aims to attract a broad spectrum of investors, from retail to high-net-worth individuals, giving them a stake in the rapidly growing co-working space market.

The IPO’s allotment process is expected to be finalised by February 28, 2025, and refunds for unsuccessful investors will be initiated by March 3, 2025. Investors allotted shares will be credited to their Demat accounts on the same day. The shares are slated for listing on the BSE SME platform on March 3, 2025.

Sundae Capital Advisors is the book-running lead manager for the IPO, while Bigshare Services is the registrar. With a well-structured IPO and a growing demand for flexible office spaces, Nukleus Office Solutions aims to capitalise on the expanding co-working industry in India. As more businesses look for flexible, cost-effective office solutions, companies like Nukleus Office are positioning themselves for growth, making this IPO an exciting opportunity for investors.

The co-working industry in India has experienced substantial growth in recent years, with more businesses shifting towards flexible workspaces. As demand for such spaces continues to rise, companies in this sector are scaling up their operations to meet the needs of an evolving workforce. Nukleus Office is among those leading the charge, and its IPO is poised to help the company further expand its footprint in this competitive market.

As the IPO progresses and more investors get involved, Nukleus Office Solutions could emerge as a key player in India’s office space and co-working sector, offering innovative solutions for the modern workforce. The successful listing on the BSE SME platform will be a significant milestone for the company and could signal a promising future in the co-working industry.