Awfis Space IPO: Issue booked over 50 times on day 3 so far, NIIs steal the show; check GMP, subscription status, more

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Also Read: Awfis Space Solutions IPO day 3: GMP, subscription status to review. Apply or not?Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, said that the Awfis Space Solutions IPO has received an overwhelmingly positive response, despite knowing that the company may continue to have negative cash flows in the future and a complicated business model.

Due to its first-of-its kind entry into the listing space and early mover advantage, the company may command some listing gains. Hence, we continue to recommend that only risk-taking investors "subscribe" to Awfis Space Solution Ltd.The Awfis Space IPO subscription status was 11.41 times on Friday, the second day of bidding.

On the first day of bidding, Awfis Space SolutionsIPO subscription status was 4.28 times.Awfis Space Solutions IPO attracted a lot of retail applicants who submitted online using Google Pay, Upstox, and Zerodha, even though it was a bank holiday and SEBI was closed on Thursday, May 23 due to Buddh Purnima. The IPO subscription status for Awfis Space Solutions was 4.28 times, based on data from the BSE.Also Read: Awfis Space IPO to close on May 27; check latest GMP, subscription status, key dates, more.Awfis Space Solutions IPO acquired a little more than ₹268 crore from anchor investors.15% of the net offer is set aside for non-institutional purchasers, 10% is designated for retail investors, and 75% of the offer is made available to QIBs via the book building process.Employees bidding in the employee reserve part are eligible for a discount of ₹36 per equity share.