The Awfis Space Solutions IPO, valued at ₹598.93 crore, consists of a fresh issue of 33 lakh equity shares worth ₹128 crore and an offer for sale (OFS) component of 1.23 crore shares totaling ₹470.93 crore. The IPO subscription opened on May 22 and will close on May 27. The price band for the IPO is set at Rs 364 to Rs 383 per share, with a lot size of 39 shares for retail investors. The allotment is expected to be finalized on May 28, and the listing date is tentatively scheduled for May 30.
Awfis Space IPO Subscription Details
As of the second day of bidding till Friday, May 25, the Awfis Space IPO was subscribed 11.4 times overall, data from exchanges showed. The retail portion for Awfis Space IPO was subscribed 21.11 times at the end of day 2, while the non-institutional investors quota garnered 20.99x subscription. The portion set aside for qualified institutional buyers (QIBs) was subscribed only 3.39 times. Typically, the QIB portion of IPOs are subscribed on the last day of bidding. Furthermore, the employee portion of the IPO was subscribed 10.48 times at the end of day 2.
Awfis Space IPO Current GMP
According to data available from grey market traders, the current GMP or grey market premium for Awfis Space IPO is Rs 108, indicating that the IPO will list at a premium of Rs 108. According to the GMP, a strong listing is expected for Awfis Space IPO. At the upper end of the price band and the current premium in the grey market, shares of Awfis Space Solutions are likely to get listed at Rs 491 per share, a 28.2% premium against the issue price of Rs 383.
Awfis Space IPO Listing Date
The IPO subscription opened on May 22 and will close on May 27. The allotment is expected to be finalized on May 28, and the listing date for Awfis Space IPO is tentatively scheduled for May 30.
