Awfis Space Solutions IPO Subscription Status, Listing Date and GMP

Awfis

Awfis is an Indian firm that offers co-working spaces; its main office is in Delhi. Since its founding in 2015 by Amit Ramani, the business has grown to offer services in 16 Indian locations. Awfis began as a provider of co-working spaces before developing into a platform for workspace solutions. Significant cash was provided for it, including $30 million in Series D investments and $20 million in Series B and C funding. Awfis made a big advancement in its journey when it declared in 2023 that it intended to make an initial public offering (IPO).

Awfis Space Solutions IPO Subscription Status

By May 27, 2024, Awfis Space Solutions' initial public offering had received 21.75 times the number of shares that were available due to strong subscriber demand. 31.16 subscriptions from retail investors indicate a high level of interest from regular investors. Qualified Institutional Buyers (QIB) made 4.46 subscriptions, while Non-Institutional Investors (NII) made 50.21 subscriptions. The largest category of NII, or bids over ₹10L, made 50.52 subscriptions, while the smallest category, or bids under ₹10L, made 49.60 subscriptions. Workers made 15.08 subscriptions, and Anchor Investors just needed to make one subscription to reach their quota. Investor confidence in Awfis Space Solutions is evident from this high demand.

Awfis Space Solutions IPO Listing Date

There has been a lot of interest in the Awfis Space Solutions IPO. These are the main times and information:

Subscription Period: From May 22, 2024, to May 27, 2024, subscriptions for the IPO were accepted.

Date of Allotment: May 28, 2024, is when shares are anticipated to be distributed.

Listing Date: On May 30, 2024, the shares are probably going to be listed on stock exchanges.

This IPO is attracting a lot of interest from investors, and it will be interesting to watch how the shares perform on the BSE and NSE. Do your homework or consult a financial professional before making an investment, since there are dangers and rewards associated with initial public offerings (IPOs).

Awfis Space Solutions IPO GMP Today

Popularity has increased for the Awfis Space Solutions IPO. The Grey Market Premium (GMP) increased from ₹111 over the weekend to ₹120 on the third day of bidding. Strong investor interest is indicated by this GMP, which implies that the IPO may list at a price higher than the issue price. The robust performance of the Indian stock market has increased interest in the Awfis Space Solutions IPO, notwithstanding certain difficulties in the worldwide market. Its potential has investors excited, as evidenced by the higher GMP.

Timeline of Awfis Space Solutions IPO

Here is the tabular column for the Awfis Space Solutions IPO timeline: