Awfis Space IPO to Open : If you are looking for a new IPO for investment then you have a good opportunity. The IPO of Awfis Space Solutions IPO is opening for investment on 22 May 2024. It will remain open for subscription till May 27. The company has fixed the price band for the IPO at Rs 364-386 per share (Awfis Space IPO Price Band). Apart from fresh equity shares, OFS is also included in the IPO. There is already movement in the gray market regarding the IPO. Ashish Kacholia, one of the leading investors of the stock market, has also invested in Efis Space Solution.
Awfis Space IPO GMP
A craze has started appearing in the gray market regarding Efis space solution. Today, a day before the opening of the IPO, the premium of this IPO in the gray market is Rs 165. In terms of upper price band Rs 383, this premium is 43 percent. If we look at gray market indications, this share may be listed at Rs 548 as compared to the issue price of Rs 383.
Plan to raise 599 crores
The size of the IPO of Awfis Space is around Rs 598.93 crore. In this, fresh equity shares worth Rs 128 crore will be issued. Whereas, through OFS, the existing shareholders and promoters of the company will sell about 1,22,95,699 equity shares. Peak XV is also included in these promoters. This issue will open for anchor investors on May 21. The bid size in IPO is 39 shares. Promoters hold 41.53 percent stake in the company, while public shareholders hold 58.47 percent.
how much reserve for whom
In the IPO of Awfis Space, 10 percent share is reserved for retail investors. Whereas 75 percent share is reserved for Qualified Institutional Buyers i.e. QIB. Whereas 15 percent share is reserved for non-institutional investors i.e. NII. ICICI Securities Limited, Axis Capital Limited, Iifl Securities Ltd and Emkay Global Financial Services are the lead managers and merchant bankers of this IPO. While Bigshare Services Pvt Ltd is the registrar.
How are the company’s financials?
Talking about the financials of the company, the revenue and expenditure of the company for the financial year 2021 were Rs 216.02 crore and Rs 258.66 crore. At that time the company had suffered a loss of Rs 42.64 crore. Revenue, expenditure and deficit in FY 2022 were Rs 278.71 crore, Rs 335.87 crore and Rs 57.16 crore. In the financial year 2023, these figures were 565.79 crore, 612.42 crore and 46.64 crore. Whereas in the first 9 months of the financial year 2024, the company’s revenue, expenditure and loss have been Rs 633.69 crore, Rs 652.64 crore and Rs 18.94 crore.
Important date in IPO
IPO opening day: May 22, 2024
IPO closing date: May 27, 2024
Share allotment: May 28, 2024
Refund: May 29, 2024
Credit in Demat Account: May 29, 2024
IPO listing: May 30, 2024
