Awfis Space Solutions IPO to open tomorrow; Here are 10 things to know before subscribing to the issue

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₹128 crore and an offer-for-sale (OFS) of up to 12,295,699 equity shares, with a face value of ₹10 each. This OFS involves the promoter selling shareholder, Peak XV Partners Investments V (formerly known as SCI Investments V), who plans to sell up to 6,615,586 equity shares. Other selling shareholders include Bisque Ltd, intending to sell up to 5,594,912 equity shares, and Link Investment Trust, likely to sell up to 85,201 equity shares, according to the RHP.

The total size of the Awfis Space Solutions IPO amounts to ₹599 crore. Also read: Awfis Space Solutions IPO: Price band set at ₹364-383 apiece; check issue size, key dates, more. The offer is a book-building process, allocating 75% of the net offer to qualified institutional buyers (QIBs), reserving 15% for non-institutional buyers, and capping retail buyers' reservations at 10%.

Employees participating in the employee reserve segment are entitled to a ₹36 discount per equity share. The employee reservation segment comprises equity shares totaling up to ₹2 crore. Awfis Space Solutions Ltd offers diverse flexible workspace solutions, catering to various needs, from individual flexible desk requirements to tailored office spaces for startups, small and medium enterprises, large corporations and multinational corporations.

Catch all IPO-related news here Awfis Space Solutions IPO date: The IPO opens for subscription on May 22, 2024, and closes on May 27, 2024. Awfis Space Solutions IPO price band: The IPO price band has been fixed at ₹364 to ₹383 per equity share of the face value ₹10. Awfis Space Solutions IPO size: The IPO includes a fresh issue of ₹128 crore and an offer-for-sale (OFS) of a maximum of 12,295,699 equity shares with a face value of ₹10 each.