Awfis Space IPO: 10 key risks investors should know before subscribing to the ₹599 crore issue
₹268.61 crore through an anchor book process, where 32 investors took part in the anchor book offering, on Tuesday, May 21.Awfis Space Solutions Ltd offers a broad range of flexible workspace solutions for start-ups, small and medium-sized businesses, large organisations, and multinational corporations, from individual flexible desk needs to customised office spaces.Also Read: Awfis Space IPO oversubscribed on Day 2, with retail, NIIs support. Check GMP, subscription status, more.
Apply or not?The promoters of the firm include Peak XV, a promoter selling shareholder, and individual promoter Amit Ramani. Together, the promoters possessed 27,444,403 equity shares as on May 14, the date of this Red Herring Prospectus.
This amount represented 41.05% of the company's fully diluted equity share capital that had been issued, subscribed for, and paid for prior to the Offer.The issue size of the Awfis Space Solutions IPO consists of a fresh offering of ₹128 crore and an offer-for-sale (OFS) of up to 12,295,699 equity shares with a face value of ₹10 each by the promoter selling shareholder, Peak XV Partners Investments V (previously known as SCI Investments V), which plans to sell up to 6,615,586 equity shares; additional selling shareholders include Bisque Ltd, which plans to sell up to 5,594,912 equity shares, and Link Investment Trust, which, according to the RHP, is likely to sell up to 85,201 equity shares. The value of Awfis Space Solutions' IPO is ₹599 crore.Also Read: Awfis Space Solutions IPO fully subscribed on day 1, retail investors bid highest; check latest GMP, subscription statusAxis Capital Limited, Iifl Securities Ltd, ICICI Securities Limited, and Emkay Global Financial Services Ltd are the book running lead
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