Nukleus Office Solutions IPO subscribed 94% on Day 1 so far: Check price band, GMP and other details

The SME IPO of Nukleus Office Solutions, which opened for subscription earlier today, attracted an impressive subscription from the market participants, who had made a total of 123 applications so far, taking the total subscription to 94%.

Around 12:20 pm, the issue attracted 120 applications from the retail investors, who had bid for a cumulative of 72,000 shares, which was followed by the non-institutional investors (NIIs), who had made merely 3 applications, bidding for 3,600 shares.

The qualified institutional buyers (QIBs), however, are yet to make any subscriptions.


The company, through this IPO, aims to raise around Rs 32 crore and list the shares on the BSE SME platform.

The issue is a fresh equity sale of 13.54 lakh shares. In the IPO, about 50% of the offer is reserved for retail investors and the rest for other investors.

Check Nukleus Office Solutions IPO price band

Nukleus Office Solutions has fixed a price band of Rs 234 per share for its IPO. Investors can make bids in one lot and in multiples thereafter, where each lot has about 600 shares.

What is Nukleus Office Solutions IPO GMP on Day 1

Similar to many recent IPOs, the grey market premium (GMP) for Nukleus Office Solutions stands at Rs 0.

Also Read: IPO Calendar: 2 new issues, 5 listings for investors to track this week

All you need to know about Nukleus Office Solutions IPO

Net proceeds from the public offer are proposed to be used for capital expenditure and security deposit towards establishment of new centres, building up technology platform, integration of all centres, online client interaction and mobile application, advertisement expenses towards enhancing the visibility of the brand and general corporate purposes.

The IPO is being managed by Sundae Capital Advisors, while Bigshare Services is the registrar.

About Nukleus Office Solutions

The company is a co-working and managed office space provider which provides a range of fully furnished, flexible workspaces, dedicated desks, private cabins, meeting rooms, innovative spaces, startup zones, virtual office etc. in Delhi NCR region.

Its range of office solutions cater to a diverse range of occupants including startups, SMEs, large enterprises, professionals, and entrepreneurs.

Nukleus also offers fully serviced and managed workspace solutions for enterprises ranging from 50-500 seats. As of December 2024, the company has 7 centres with flexible workspaces and also manages 4 managed offices in Delhi NCR region with an aggregate of 2,796 total seats.