Awfis Space Solutions IPO opens for subscription on May 22, 2024 and closes on May 27, 2024. The allotment for the Awfis Space Solutions IPO is expected to be finalized on Tuesday, May 28, 2024. Awfis Space Solutions IPO will list on BSE, NSE with tentative listing date fixed as Thursday, May 30, 2024.
Awfis Space Solutions IPO price band is set at ₹364 to ₹383 per share. The minimum lot size for an application is 39 Shares. The minimum amount of investment required by retail investors is ₹14,937. The minimum lot size investment for sNII is 14 lots (546 shares), amounting to ₹209,118, and for bNII, it is 67 lots (2,613 shares), amounting to ₹1,000,779.
ICICI Securities Limited, Axis Capital Limited, Iifl Securities Ltd and Emkay Global Financial Services Ltd are the book running lead managers of the Awfis Space Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
| IPO Opening Date | May 22, 2024 |
|---|---|
| IPO Closing Date | May 27, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹364 to ₹383 per share |
| Market Lot | 39 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 15,637,736 shares (aggregating up to ₹598.93 Cr) |
| Fresh Issue | 3,342,037 shares (aggregating up to ₹128.00 Cr) |
| Share holding pre issue | 66,075,779 |
| Share holding post issue | 69,417,816 |
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Awfis Space Solutions IPO opens on May 22, 2024, and closes on May 27, 2024.
| Basis of Allotment Date | May 28, 2024 |
|---|---|
| Initiation of Refunds | May 29, 2024 |
| Credit of Shares to Demat Account | May 29, 2024 |
| IPO Listing Date | May 30, 2024 |
Investors can bid for a minimum of 39 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 39 | ₹14,937 |
| Retail (Max) | 13 | 507 | ₹194,181 |
| S-HNI (Min) | 14 | 546 | ₹209,118 |
| S-HNI (Max) | 66 | 2,574 | ₹985,842 |
| B-HNI (Min) | 67 | 2,613 | ₹1,000,779 |
Incorporated in December 2014, Awfis Space Solutions Limited is a workspace solution provider in India.
The company offers a wide range of flexible workspace solutions, catering to the needs of individuals, start-ups, SMEs, and large corporations.
The company's core solution is co-working, including flexible workspaces, custom office spaces, and mobility solutions. Awfis Space Solutions Limited also provide supporting services such as food and beverages, IT support, infrastructure services, and event hosting.
As of December 31, 2023, the company operates 169 centers across 16 cities in India, with a total of 105,258 seats and a chargeable area of 5.33 million sq. ft. Additionally, 31 centers with 25,312 seats are currently under fit-out, with a chargeable area totaling 1.23 million sq. ft.
The company has expanded its business offerings and now provides in-house fit-out and facility management services at its centers.
The Company proposes to utilise the Net Proceeds towards funding the following objects:
Awfis Space Solutions IPO is a main-board IPO of 15,637,736 equity shares of the face value of ₹10 aggregating up to ₹598.93 Crores. The issue is priced at ₹364 to ₹383 per share. The minimum order quantity is 39 Shares.
The IPO opens on May 22, 2024, and closes on May 27, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Awfis Space Solutions IPO opens on May 22, 2024 and closes on May 27, 2024.
Awfis Space Solutions IPO lot size is 39 Shares, and the minimum amount required is ₹14,937.
You can apply in Awfis Space Solutions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Awfis Space Solutions IPO will be done on Tuesday, May 28, 2024, and the allotted shares will be credited to your demat account by Wednesday, May 29, 2024. Check the Awfis Space Solutions IPO allotment status.
Check the IPO allotment status.
The Awfis Space Solutions IPO listing date is not yet announced. The tentative date of Awfis Space Solutions IPO listing is Thursday, May 30, 2024.
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