Awfis Space Solutions IPO day 3: GMP, subscription status to review. Apply or not?
Awfis Space Solutions IPO day 3: The initial public offering (IPO) of Awfis Space Solutions Limited opened on 22nd May 2024. In the first two days of bidding, the public issue received an overwhelmingly positive response from the primary market investors, indicating a strong potential for the IPO. As per the Awfis Space Solutions IPO subscription status, the public issue has been booked 11.41 times in the first two days of bidding.
Bidding for the public offer will end today evening. Hence, investors have just one day to apply for the mainboard IPO. Meanwhile, the grey market bias has further improved on the third day of Awfis Space Solutions IPO bidding.
As per the market observers, Awfis Space Solutions IPO GMP (grey market today) is ₹120, ₹9 higher than Awfis Space Solutions IPO GMP of ₹111 on the weekend.According to stock market observers, the Grey Market Premium (GMP) for the Awfis Space Solutions IPO today is ₹120, which is ₹9 higher than the weekend's GMP. The GMP, a key metric used in the grey market to indicate the potential listing price of an IPO, suggests that the IPO could list at a price higher than its issue price. Market observers attribute the rise in Awfis Space Solutions IPO GMP to the trend reversal in the secondary market.
They note that despite weakness in global markets, the Indian stock market reached a new peak on Friday, sparking renewed interest in the grey market for the Awfis Space Solutions IPO.The mainboard IPO has received a strong response from primary market investors. In two days of bidding, the public issue has been oversubscribed 11.41 times, indicating high demand. The retail portion of the mainboard issue has been subscribed 21.11 times, showing strong interest from individual
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