Awfis Space Solutions IPO: 5 Things to Know

Awfis Space Solutions IPO: Opening Soon

Awfis Space Solutions, a leading provider of flexible workspace solutions in India, is set to launch its initial public offering (IPO) on May 22, 2023. The IPO will close on May 27, 2023, and will include a fresh issue of ₹ 128 crore and an offer-for-sale (OFS) of up to 12,295,699 equity shares, with a face value of ₹ 10 each.

Key IPO Details

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Issue Period:

May 22 – 27, 2023
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Price Band:

₹ 364 – ₹ 383 per equity share
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Issue Size:

₹ 128 crore fresh issue + ₹ 12,295,699 OFS
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Lot Size:

39 equity shares and in multiples of 39 equity shares thereafter
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Reservation:

75% for QIBs, 15% for non-institutional buyers, 10% for retail investors

Promoters and Book-Running Managers

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Promoters:

Amit Ramani and Peak XV
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Book-Running Managers:

ICICI Securities Limited, Axis Capital Limited, Iifl Securities Ltd, Emkay Global Financial Services Ltd

Registrar

Bigshare Services Pvt Ltd is the registrar for the IPO.

Important Dates

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Allotment:

May 28, 2023
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Listing:

May 30, 2023 on both BSE and NSE

Awfis Space Solutions operates a network of over 140 flexible workspaces in 14 cities across India. The company has a strong track record of growth and profitability and is well-positioned to benefit from the growing demand for flexible workspace solutions in India.

Investors interested in participating in the IPO should consult with their financial advisors to determine if it is a suitable investment for their portfolio.