The allotment for Awfis Space Solutions’ IPO has been finalized, much to the anticipation of investors who had applied. As the subscription status reached a remarkable 108.56 times on the final bidding day, excitement is palpable with the listing date set for May 30 on both the BSE and NSE.
For those keen on checking their allotment status, the process is straightforward. By navigating to the Bigshare Services Pvt Ltd portal, investors can easily determine whether they have received any shares.
To check the allotment status, investors need to visit the Bigshare Services portal and select “Awfis Space Solutions IPO” from the list. They can then enter their PAN number, Beneficiary ID, or Application Number and click “Search.”
The status will be displayed on the screen, providing clarity on the number of shares allocated. Similarly, the allotment status can be checked on the BSE and NSE websites, where the process involves selecting ‘Equity’ under ‘Issue Type,’ choosing the IPO name from the drop-down menu, and entering the necessary details before searching.
This finalization marks a significant milestone for Awfis Space Solutions, a company that has generated considerable interest in the market. The IPO’s subscription status underscores the high demand and positive sentiment surrounding this issue. On the day of listing, investors who received shares will find their demat accounts credited, while those who did not will see the refund process commence promptly.
The IPO issue size comprises a fresh issue of ₹128 crore and an offer-for-sale of up to 12,295,699 equity shares. These shares are being offloaded by the promoter selling shareholder, Peak XV Partners Investments V, alongside other selling shareholders, Bisque Ltd and Link Investment Trust. In total, the IPO size is worth ₹599 crore, reflecting substantial investor interest and a robust market presence.
Awfis Space Solutions plans to use the net proceeds from this IPO for specific objectives, including capital expenditure for establishing new centers, which will cost around ₹42.03 crore. Additionally, ₹54.37 crore will be allocated for working capital requirements, with the remaining funds directed towards general corporate purposes. These planned expenditures are designed to fuel the company’s growth and expansion, providing a solid foundation for future developments.
The company’s approach to funding through this IPO highlights its strategic focus on growth and efficiency. By raising capital for new centers and working capital, Awfis Space Solutions aims to enhance its operational capabilities and market footprint.
The involvement of reputable book-running lead managers, including ICICI Securities Limited, Axis Capital Limited, Iifl Securities Ltd, and Emkay Global Financial Services Ltd, alongside the registrar Bigshare Services Pvt Ltd, further bolsters the credibility and attractiveness of this IPO.
Interestingly, the GMP for Awfis Space Solutions IPO today stands at ₹125, signaling strong investor confidence. Given the IPO price of ₹383, this premium suggests an expected listing price of approximately ₹508 per share, representing a 32.64% increase. This positive grey market activity over the past 14 sessions indicates a potentially robust listing for Awfis Space Solutions, reflecting investor optimism and market enthusiasm.
As the company prepares for its listing on May 30, investors and market watchers alike will be keenly observing the performance of this dynamic player in the coworking space sector. The successful allotment and forthcoming listing are expected to set the stage for Awfis Space Solutions to continue its growth trajectory and achieve new milestones in its industry.
