Awfis Space Solutions Limited, the largest flexible workspace solutions company in India as per CBRE report, proposes to open its initial public offering of Equity Shares on May 22, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, that is, on May 21, 2024. Bid/ Offer Closing Date will be on May 27, 2024.
The Price Band of the Offer has been fixed from ₹ 364 per Equity Share to ₹ 383 per Equity Share. Bids can be made for a minimum of 39 Equity Shares and multiples of 39 Equity Shares thereafter.
The Offer comprises a fresh issue of up to equity shares aggregating up to Rs 1,280.00 million (“Fresh Issue”) and an offer for sale of up to 12,295,699 shares, comprising up to 6,615,586 shares.
The Company proposes to utilize the net proceeds towards funding capital expenditure towards establishment of new centers, funding the company’s working capital requirements and general corporate purposes.
ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, and Emkay Global Financial Services Limited are the Book Running Lead Managers to the Offer.
