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Awfis Space Solutions will be opening its IPO on May 20 to retail investors offering them 15.6 million shares. The company will be raising Rs 598.93 crore through fresh issues and offers for sale. The subscription will close on May 27.
The company is in the business of co-working space solution provider based in India. It caters its services mostly to individuals, start-ups, SMEs, and some large corporations. The company offers custom office spaces and mobility solutions. It also provides food and beverages, infrastructure services, IT support, and event hosting among other support services.
The company has set the IPO brand in a range of Rs 364 to 383 per equity share. A retail investor needs to bid for a minimum of one lot containing 39 shares amounting to Rs 14,937.
The allotment for the Awfis Space Solutions’ shares is expected to be finalised on Tuesday, May 28, 2024. The company’s IPO are expected to hit both the bourses BSE and NSE on May 30. For NIIs, a minimum of 14 lots needs to be subscribed while lot size is different for QIBs.
ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services were the book-running lead managers. Bigshare Services is working as the registrar for the issue of Awfis Space Solutions.
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