Upcoming IPOs: Two public issues, 8 new listings to keep primary market busy next week amid elections
OYO IPO: Hospitality technology firm withdraws draft papers, to refile after refinancing: Report Next week, Awfis Space Solutions, a leading provider of shared workspaces in India, is expected to launch its IPO, targeting to raise around ₹599 crore. “Looking ahead, the market is set to welcome several more IPOs, with expectations running high for their success," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.
Awfis Space Solutions IPO opens for subscription on May 22, 2024, and closes on May 27, 2024. It is a book-built issue of ₹598.93 crores and a combination of a fresh issue of 0.33 crore shares aggregating to ₹128.00 crores and an offer for sale of 1.23 crore shares aggregating to ₹470.93 crores. Also read: Awfis Space Solutions IPO: Price band set at ₹364-383 apiece; check issue size, key dates, more.
The IPO price band is set at ₹364 to ₹383 per share. ICICI Securities Limited, Axis Capital Limited, Iifl Securities Ltd, and Emkay Global Financial Services Ltd are the book-running lead managers of the Awfis Space Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. GSM Foils IPO opens for subscription on May 24, 2024, and closes on May 28, 2024.
The SME IPO is a fixed-price issue of ₹11.01 crores. It is entirely a fresh issue of 34.4 lakh shares. The IPO price band has been fixed at ₹32 per share.
Shreni Shares Limited is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar for the issue. Shreni Shares is the market maker for the GSM Foils IPO. Rulka Electricals IPO bidding opened for subscription on May 16, 2024 and will close on May 21, 2024.
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