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?
Online:
- 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.
Offline:
- 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.