Awfis Space Solutions IPO opens today. Check GMP, subscription status, should you subscribe
₹364 to ₹383 per share. The IPO lot size is 39 shares and the minimum investment amount required by retail investors is ₹14,937. At the upper end of the price band Awfis Space IPO size is worth ₹598.93 crore, which comprises a combination of fresh issue of 33 lakh equity shares aggregating to ₹128 crore and an offer for sale (OFS) component of 1.23 crore shares aggregating to ₹470.93 crore.
The company has already raised ₹268.62 crore from anchor investors on May 21 ahead of the IPO opening. Read here: Awfis Space Solutions IPO: Workspace provider raises ₹268.61 crore from anchor investors ahead of IPO Awfis Space IPO allotment is expected to be finalized on May 28, and the listing date is May 30. The equity shares of Awfis Space Solutions will be listed on both the stock exchanges, BSE and NSE.
The company proposes to utilise the net issue proceeds for funding capital expenditure towards the establishment of new centres and working capital requirements. ICICI Securities, Axis Capital, IIFL Securities and Emkay Global Financial Services are the book running lead managers of the Awfis Space Solutions IPO, while Bigshare Services Pvt Ltd is the IPO registrar. Awfis Space Solutions IPO has been subscribed 5% so far on Wednesday, the first day of the bidding process.
The issue received bids for 4.53 lakh equity shares as against 86.29 lakh shares on the offer, as per data available till 10:05 am. The IPO has been subscribed 22% in the retail category and 5% in the Non-Institutional Investors (NII) category so far. Awfis Space Solutions IPO GMP today, or grey market premium today, is ₹165 per share, as per market observers.
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