Peak XV-backed Awfis Space Solutions IPO to announce price band tomorrow; Check out 10 key things to know from RHP

livemint.com:

₹128 crore and an offer-for-sale (OFS) of up to 12,295,699 equity shares of a face value of ₹10 each by the promoter selling shareholder, Peak XV Partners Investments V (formerly known as SCI Investments V), offloading up to 6,615,586 equity shares; other selling shareholders, Bisque Ltd, who intends to sell up to 5,594,912 equity shares; and Link Investment Trust, who is likely to sell up to 85,201 equity shares, as per the RHP. The company intends to use the net proceeds to fund the following objectives: capital expenditure for the establishment of new centres (42.03 crore); working capital requirements (54.37 crore); and general corporate purposes.

Here are 10 key things from the Red Herring Prospectus (RHP) that investors might want to know before subscribing to the issue. The company's promoters include Amit Ramani, an individual promoter, and Peak XV, a promoter selling shareholder.

As of the date of this Red Herring Prospectus (May 14), the promoters together held 27,444,403 equity shares, representing 41.05% of their company's pre-Offer issued, subscribed, and paid-up equity share capital on a fully diluted basis. The amendment agreement dated May 1, 2024 for amending the Shareholders’ Agreement executed by and amongst the Company; Peak XV, Bisque Limited, Link Investment Trust, Ashish Kacholia, QRG Investments and Holdings Limited, Rajesh Kumar Gupta, Rajiv Goel, Ramesh Kumar Sharma, VBAP Holdings Private Limited, Karmav Real Estate Holdings LLP, Emerge Capital Opportunities Scheme, Arjun Bhartia and Ashutosh Bihani; Madhu Jain, Ashish Rathi, Incipience Dealers LLP, M/s.

Samedh Trinity Partners, Tarun Khanna, Saurabh Gupta and Amit Ramani. As of the date of this Red Herring Prospectus, the company has 28 equity