Nukleus Office Solutions, a managed office and co-working provider, will issue its first public issue on February 24. It will be the first SME issue to open next week.
The Uttar Pradesh company is to raise ₹31.7 crore by issue of 13.54 lakh equity shares at ₹234 per equity share. The issue is a fresh issue with no component of offer-for-sale.
The IPO will close on February 27 with final allotment of shares taking place on February 28. Listing of shares of Nukleus Office Solutions on the BSE SME platform will begin on March 4.
Nukleus Office Solutions operates 7 centers with shared workspaces and owns 4 buildings of offices within the Delhi NCR region. It has 2,796 seats with a healthy 88.48% occupancy.
The funds raised from the IPO will be used for:
- Opening new centers
- Developing a technology platform to integrate workspaces and enhance online client interaction
- Launching a mobile application
- Advertising and brand promotion
- General corporate purposes
Promoter and Shareholding Details
The company is majorly owned by promoters Puja Gupta and Nipun Gupta, holding a 94.01% stake. The remaining 5.99% shares are held by public investors, including Mayank S Agarwal and 35 North Ventures.
Sundae Capital Advisors is the book-running lead manager for the IPO.
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Source: Moneycontrol.
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