Awfis Space Solutions IPO: Awfis Space Solutions’ initial public offering (IPO) begins its subscription today, May 22, and will conclude on May 27. The price range for the IPO is between ₹364 to ₹383 per share. Investors can apply for shares in lots of 39, with a minimum investment amount of ₹14,937 required for retail investors. Before the IPO, the company secured ₹268.62 cr from anchor investors on May 21.
Details of the Awfis Space IPO
The IPO, valued at ₹598.93 crores at the higher end, consists of a combination of a fresh issue of 3.3 million equity shares, amounting to ₹128 crores, and an offer for sale (OFS) component of 12.3 million shares, totaling ₹470.93 crores.
Key dates for the Awfis Space IPO
The allocation of shares for the Awfis Space IPO is anticipated to be completed by May 28, with the listing scheduled for May 30. Awfis Space Solutions’ shares are set to be listed on both the BSE and NSE stock exchanges.
Awfis Space’s IPO goals
The company stated that the proceeds from the IPO will be utilized to finance capital expenditure for setting up new centers and meeting working capital needs.
Registrar of Awfis Space’s IPO
ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services are serving as the book-running lead managers for the Awfis Space Solutions IPO. Bigshare Services Pvt Ltd has been appointed as the registrar of the issue.
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Awfis Space Solutions IPO for GMP
Today, the grey market premium for the Awfis Space IPO stands at ₹165 per share, indicating that the company’s equity shares are trading at ₹548 each in the grey market. This represents a premium of 43% over the issue price of ₹383 per share.
