Awfis Space Solutions IPO opens this week. 10 things to know before subscribing to the issue
public offering (IPO) of Awfis Space Solutions will open for subscription on May 22. The issue closes on May 27. Through the public offer, the company plans to raise around Rs 599 crore. Here are 10 things to know about Awfis Space Solutions IPO before subscribing to the issue.
1) What is the business overview of Awfis Space Solutions?
The company is the largest flexible workspace solutions company in India as of December 31, 2023, based on total number of centers. We provide a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office spaces for start-ups, small and medium enterprises as well as for large corporations and multinational corporations.
2) What is the industry overview of Awfis Space Solutions?
Since the early 2000s, India’s office real estate stock has grown more than 18 times from approximately 46 million sq ft as of pre-2003 to approximately 832.00 million sq ft as of December 2023.
3) What is the size of Awfis Space Solutions IPO?
The IPO includes a fresh share sale of Rs 128 crore and an offer-for-sale (OFS) of up to 1,22,95,699 equity shares amounting to Rs 490.72 crore.
4) What is the price band for Awfis Space Solutions IPO?
The company has fixed a price band of Rs 364-383 per share and investors can bid for 39 shares in one lot and in multiples thereafter.
5) What is the structure of Awfis Space Solutions IPO?
About 75% of the offering is reserved for qualified institutional bidders (QIBs), while 15% is reserved for
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