Awfis IPO subscribed over 108 times
Awfis Space Solutions closed on Monday after witnessing robust investor interest, with the number of bids received being more than 108 times the shares offered.
According to data from the BSE, bids were received for over 93.3 million shares as against the 8.62 million shares on offer. The retail investors category was booked 53.32 times, while for non-institutional investors it was 129.28 times. The qualified institutional buyers (QIBs) category received bids for 54 million shares, which is over 116 times the shares on offer.
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Offering CollegeCourseWebsiteIndian School of BusinessProfessional Certificate in Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitMIT xPROMIT Technology Leadership and InnovationVisitThe IPO included a fresh share sale of Rs 128 crore and an offer-for-sale (OFS) of up to 12.2 million shares. The company's stock is scheduled for listing on both NSE and BSE on Thursday, May 30, 2024.
The company had previously raised nearly Rs 269 crore from anchor investors. Prominent names that subscribed to the IPO include Goldman Sachs, EastBridge Capital Master Fund, HDFC Mutual Fund (MF), and ICICI Prudential MF, among others.
Awfis had set a price band of Rs 364-383 per share, with investors able to bid for 39 shares in one lot. At the upper end of the price band, the company plans to raise around Rs 599 crore, valuing it at Rs 2,659 crore.
About 75% of the IPO was reserved for qualified institutional
