The Initial Public Offer i.e. IPO of Awfis Space Solutions Limited has opened for public subscription today i.e. 22nd May. Retail investors will be able to bid for this IPO till 27th May. Know more details in awfis IPO details below.
Through this issue, the company wants to raise a total of Rs.598.93 crores. For this, the company will issue 3,342,037 new shares worth Rs.128 crores. At the same time, the existing investors of the company will sell 12,295,699 shares worth Rs.470.93 through Offer for Sale i.e. OFS.
Important Dates Related to Awfis IPO Details
If you are also planning to invest money in this IPO, then we are telling you how much you can invest in it.
What is the Minimum and Maximum Amount Retail Investors Can Invest in Awfis IPO?
For this IPO, retail investors will have to apply for a minimum of one lot i.e. 39 shares. The company has fixed the price band of the IPO at Rs.364-Rs.383 per share. If you apply for 1 lot as per the upper price band of the IPO of Rs.383, then you will have to invest Rs.14,937. Retail investors can bid for a maximum of 13 lots i.e. 507 shares, for which Rs.194,181 will have to be invested.
10% of the Issue is Reserved for Retail Investors
Awfis Space Solutions Limited has reserved 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, about 10% is reserved for retail investors and the remaining about 15% is reserved for non-institutional investors (NII).
You can get 43.08% return on investing Before the IPO opened, the company’s stock reached a premium of 43.08% i.e. Rs.165 per share in the grey market. In such a situation, according to the upper price band of Rs. 383, its listing can happen at Rs. 548.
Awfis Future Plan With Fund Rising
The company will use the funds to expand its business
Office Space Solutions will use the funds raised through the IPO to expand its business. Along with this, the company will also use this fund to meet capital requirements and general corporate purposes. Office Space Solutions provides office space ranging from co-working to startups, SMEs, MNCs and large corporate companies.
What Are The Financials of Awfis?
If you are looking to check for financial of awfis pace Solutions Limited, below is the list details-
Disclaimer
Information here is for education only. Not investment advice. Consult a financial advisor for decisions."