Awfis Space Solutions IPO Latest GMP: Awfis Space Solutions IPO subscription status: The bidding for the initial public offering (IPO) of Awfis Space Solutions IPO will close next week. The subscription window for the public issues opened on Wednesday, May 22 and will close of Monday, May 27.
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Awfis Space Solutions IPO subscription status: Day 2
On the second day, i.e. till Friday, IPO of co-working space operator Awfis Space Solutions got subscribed 11.40 times. The Rs 599-crore initial share sale received bids for 9,83,73,951 shares against 86,29,670 shares on offer, as per NSE data.
The portion for retail individual investors (RIIs) fetched 21.08 times subscription, while the quota for non-institutional investors got subscribed 20.98 times. The part for qualified institutional buyers (QIBs) received 3.39 times subscription.
The IPO of Awfis Space Solutions, which will end on Monday, was fully subscribed on the first day of bidding on Wednesday.
Awfis Space Solutions IPO GMP: Latest grey market premium price
As per several websites that track the grey market, the shares of Awfis Space Solutions were commanding a strong GMP of 29.5 per cent. This translates into a grey market premium of Rs 113 at the upper end of the IPO price.
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Awfis Space Solutions IPO Price Band, Lot Size
The IPO is in a price range of Rs 364-383 per share. Investors can bid for 39 shares in one lot. At the upper end, the company plans to raise around Rs 599 crore and is valued at Rs 2,659 crore.
About 75 per cent of the IPO is reserved for qualified institutional bidders (QIBs), while 15per cent is reserved for non-institutional investors and the remaining 10 per cent for retail investors.
Awfis Space Solutions IPO Details
The IPO has a fresh issue of up to Rs 128 crore and an offer for sale of up to 12,295,699 equity shares. Awfis Space Solutions Ltd on Tuesday said it has mopped up a little over Rs 268 crore from anchor investors.
Promoter Peak XV Partners Investments V (formerly known as SCI Investments) as well as shareholders Bisque Ltd and Link Investment Trust are offloading shares through the OFS.
Peak XV holds a 22.86 per cent stake in Awfis, while Bisque and Link Investment Trust own 23.47 per cent and 0.36 per cent stake, respectively, in the company.
Proceeds from the fresh issue will be used in funding capital expenditure towards setting up new centres, supporting working capital requirements, and general corporate purposes.
Awfis provides flexible workspace solutions, ranging from individual flexible desk needs to customised office spaces for corporates.
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Awfis Space Solutions Book Running Lead Manager, Registrar Details
Axis Capital, Emkay Global Financial Services, ICICI Securities, and IIFL Securities are the managers to the offer. Bigshare Services Pvt Ltd is the registrar of Awfis Space Solutions IPO.
Awfis Space Solutions IPO Allotment Date and Time
The finalisation of allotment of shares of Awfis Space Solutions is expected to take place on Tuesday, May 28, 2024 at any time, and the shares are likely to be credited to the demat account on Wednesday, May 29, 2024.
Awfis Space Solutions IPO Listing Date
The shares of Awfis Space Solutions are scheduled to make their debut on the bourses on Thursday, May 30, 2024.
(With inputs from agencies)
