Awfis Space Solutions, a provider of workspace solutions, is planning to make its initial public offering (IPO) available for subscription starting tomorrow, May 22. This offering is significant because it’s the only mainboard segment public issue scheduled for this week, it’s the primary opportunity for investors to participate in a new offering of this size and segment.
Investors interested in Awfis Space Solutions will have the chance to subscribe to its IPO starting tomorrow, indicating their interest in purchasing shares of the company at the offering price. Once the subscription period ends, the company will determine the final allocation of shares to investors based on demand and other factors.
Awfis Space Solutions’ IPO comprises two components: a fresh issue and an offer-for-sale (OFS).
The face value of each equity share is ₹10. The total size of the IPO is ₹599 crore, which includes the fresh issue amount and the shares being sold by existing shareholders through OFS.
The IPO subscription period is from May 22 to May 27, during which investors can subscribe to the IPO by placing their orders. After the subscription period ends, the final allocation of shares will be determined based on demand and other factors, and the IPO will be closed.
Awfis Space Solutions’ IPO follows a book-building process, a method used to determine the price of securities based on investor demand. The allocation is divided among different categories of investors:
The allocation structure aims to ensure fair participation from different categories of investors while also providing incentives for employees to participate in the IPO. This will help Awfis space solution in achieving a balanced and successful book-building process, ultimately determining the final price of the securities offered.
The listing of Awfis Space Solutions’ shares is scheduled on the BSE and NSE which marks an important milestone for the company and provides an avenue for investors to trade its shares on India’s major stock exchanges, and consider participating in its growth story.