Market News
2 min read | Updated on May 29, 2024, 09:51 IST
SUMMARY
Awfis Space Solutions received bids for 93.68 crore shares against 86.29 lakh shares on offer. The non-institutional investors (NIIs) portion was subscribed 129.81 times, while qualified institutional buyers (QIBs) booked 116.95 times the portion reserved for them. The category for retail investors got 53.23 times subscription.
Shares of Awfis Space Solutions will be listed on the BSE and the NSE on Thursday, May 30.
Awfis Space Solutions IPO share allotment: The share allotment status of co-working space operator Awfis Space Solutions IPO (initial public offering) has been finalised. During the three-day subscription window from May 22 to May 27, the issue was subscribed more than 108 times.
The ₹598.93 crore book-built issue, which had set a price band of ₹364-₹383 per share, is a fresh issuance of shares worth ₹128 crore and an offer for sale (OFS) component of up to 1.2 crore shares.
Incorporated in 2014, Awfis Space Solutions provides flexible workspace solutions. Its offerings include flexible workspaces, customised office spaces, and mobility solutions with seat cohorts ranging from a single seat to multiple seats.
The book-running lead managers for the issue are ICICI Securities Limited, IIFL Securities Ltd, Axis Capital Limited and Emkay Global Financial Services Ltd.
Shares of Awfis Space Solutions will be listed on the BSE and the NSE on Thursday, May 30.
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