Awfis Space Solution IPO GMP, Details, Timeline, Lot Size, Reservation 

Awfis Space Solution IPO opens for subscription on 22 May 2024 and it closes on 27 May, 2024. The allotment for the Awfis Space Solutions IPO is expected to be finalized on 28 May, 2024. Awfis Space Solution IPO will list on BSE, NSE with tentative listing date fixed as 30 May, 2024.

Awfis Space Solution IPO GMP

Awfis Space Solutions IPO is the book-built issue of Rs. 598.93 cr. The issue is a combination of fresh issues of 0.33 cr. shares aggregating to the Rs. 128.00 cr. and the offer for a sale of 1.23 cr. shares aggregating to Rs. 470.93 cr. 

They update GMP on a daily basis on the last 3 sessions grey market activities today IPO GMP points upward and expects a strong listing. The lowest GMP is Rs. 0 while the highest GMP is Rs. 80. 

GMP Date IPO Price GMP Sub Sauda Rate Listing Price Last Updated
17 May, 2024 383.00 Rs. 80 2400/33600 Rs. 463 17 May, 2024 at 11:30
16 May, 2024 383.00 Rs. 80 2400/33600 Rs. 463 17 May, 2024 at 0:23
15 May, 2024 Rs. 0 Rs. 0 15 May, 2024 at 12:32

Awfis Space Solution IPO Details

Awfis Space Solution IPO price band is set at Rs. 364 to Rs. 383 per share. The minimum lot size for the application is 39 shares and the minimum amount of the investment required by the retail investors is Rs. 14,937. 

IPO Date 22 May, 2024 to 27 May, 2024
Face Value Rs. 10 per share
Price Band Rs. 364 to Rs. 383 per share
Lot Size 39 shares
Total issue size 15,637,736 shares
Fresh issue 3,342,037 shares
Offered for sale 12,295,699 shares of Rs. 10
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Shareholding pre issue 66,075,779
Shareholding post issue 69.417,816

Awfis Space Solution IPO Timeline

Awfis Space Solution IPO Opens on  22 May, 2024 and closes on 27 May, 2024.

IPO Open Date 22 May, 2024, Wednesday
IPO Close Date 27 May, 2024, Monday
Basis of Allotment 28 May, Tuesday
Initiation of Refunds 29 MAy, 2024, Wednesday
Credit of Shares to Demat 29 MAy, 2024, Wednesday
Listing Date 30 May, 2024, Thursday
Cut Off time for UPI mandate confirmation 27 May, 2024 at 5 PM

Awfis Space Solution IPO Lot Size

Investors can bid for a minimum of 39 shares and in multiples thereof. The following table shows the minimum and maximum investment by retail investors and HNI in terms of the shares and amount. 

Application Lots Shares Amount
Retail (Min) 1 39 Rs. 14,937
Retail (Max) 13 507 Rs. 194,181
S- HNI (Min) 14 546 Rs. 209, 118
S- HNI (Max) 66 2,574 Rs. 985,842
B- HNI (Min) 67 2,613 Rs. 1,000,779

Awfis Space Solution IPO Reservation

The offer is being made through the book building process with the qualified institutional buyers getting 75% of the net offer and the non institutional buyers reserving 15% of the net offer and the retail buyers reserving no more than 10%.

Investor Category Shares Offered
QIB Shares Offered Not less than the 75% of the Net issue
Retail Shares Offered Not more than the 10% of the net issue
NII (HNI) Shares Offered Not more than 15% of the net issue

Awfis Space Solution IPO Object of the Issue

The Company propose to utilise the net proceeds towards the funding the below objects:

  • Funding capital expenditure towards the establishment of the new centres.
  • Funding the working capital requirements.
  • For the General corporate purpose. 

How to Apply for Awfis Space Solution IPO?


  • You can apply for the Awfis Space Solution IPO online using UPI or ASBA as a payment method. 
  • First Login to your ICICI bank, SBI bank or 5 paisa and select the issue in the current IPO section.
  • ASBA IPO application is available in the net banking of your bank account.
  • Then enter the number of lots and price at which you want to apply for.
  • Then enter your UPI and click on the submit button with your bid will be placed with the exchange.
  • You will receive the mandate request on your UPI.
  • Visit the UPI app to approve that mandate.


  • Visit the nearest broker office for the IPO application or download the application from NSE/BSE website.
  • Fill the further details like application name, PAN number, Bid details, ASBA Bank account number and tick the investors category as HNI.
  • Then Accept the UPI mandate on your phone.
  • Then submit them to the nearest syndicate member or a broker office.

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