Nukleus Office Solutions' initial public offering (IPO) has managed to get fully subscribed at 1.27 times on the final day of bidding, i.e. February 27.
The company will finalise the IPO share allotment by February 28, and investors can start trading in Nukleus Office Solutions shares on the BSE SME effective March 4.
Investors have bought 13.54 akh equity shares during February 24-27, compared to the offer size of 10.65 lakh shares via 1,511 applications, the subscription data published on the BSE showed.
The New Delhi-based co-working and managed office spaces provider launched IPO to raise Rs 31.7 crore at a price of Rs 234 per share.
Click Here To Read All IPO News
The company intends to utilise IPO proceeds mainly for the establishment of new centres, and building up technology platform, integration of all centres, online client interaction and mobile application.
Further, the public issue money will also be used for advertisement expenses towards enhancing the brand visibility, and general corporate purposes.
The book running lead manager handling the public issue is Sundae Capital Advisors.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
