Awfis Space Solutions IPO booked 105 times on last day: Check subscription status, allotment and listing

Workspace solution provider Awfis Space Solution Ltd IPO was subscribed more than 105 times on the fourth and final day of subscription on Monday, May 27.

The initial public offer worth ₹598.93 crore was subscribed 105.6 times till 3:45 pm on the last day of bidding, as per the NSE data. The IPO received bids for more than 91.14 crore shares compared to the 86.29 lakh equity shares on offer.

The public issue saw a strong demand from the NIIs (Non-Institutional Investors) as the portion reserved for them was booked nearly 128 times with applications for more than 29.9 crore bids against 23.37 lakh shares on offer.

Retail investors submitted bids for over 7.8 crore equity shares against 15.58 lakh shares on offer for the category. The retail portion was booked around 50.3 times.

The issue was subscribed over 115 times in the qualified institutional investors category, receiving bids for 53.9 crore shares compared to 46.75 lakh shares on offer.

The issue was subscribed 23.50 times by employees, as they bid for 13.54 lakh shares, compared to the 57,636 shares reserved for them.

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Awfis Space Solutions IPO allotment status and listing date

The book-built issue of Awfis Space Solutions consists of a fresh issue of 33 lakh shares worth ₹128 crore and an offer for sale component of 1.23 crore shares, which amount to ₹470.93 crore.

The basis of allotment of shares will be finalised by Tuesday, May 28, subsequently the issue of refunds and crediting of shares to the Demat accounts of successful bidders will happen by Wednesday, May 29. The issue will list on the NSE and the BSE on Thursday, May 30.

Awfis Space Solutions IPO price band

Awfis Space Solutions PIO price band has been fixed at ₹364 to ₹383 per share. The minimum lot size is 39 shares for retail investors and the minimum investment amount is ₹14,937.

The book running lead managers of the company include ICICI Securities Limited, Axis Capital Limited, Iifl Securities Ltd and Emkay Global Financial Services Ltd. The registrar for the issue is Bigshare Services Pvt Ltd.

About Awfis Space Solutions

Awfis Space Solutions Limited is engaged in providing workspace solutions such as flexible workspaces, custom office spaces, and mobility solutions to a diverse clientele ranging from individuals, start-ups, SMEs to large corporations.

The company plans to use the money raised via the IPO for funding its capital expenditure for establishing new centres and funding working capital requirements.

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