Awfis House Options garners Rs 268 cr from anchor traders forward of IPO | IPO Information

Co-working house operator Awfis House Options Ltd on Tuesday mentioned it has mobilised a bit over Rs 268 crore from anchor traders a day earlier than its preliminary share-sale opening for public subscription.

The corporate has allotted 70.13 lakh fairness shares to 32 funds at Rs 383 apiece, which can also be the higher finish of the value band, based on a round uploaded on BSE’s web site.

At this worth, the agency has collected Rs 268.61 crore, it added.

Those that participated within the anchor spherical embrace — Goldman Sachs, EastBridge Capital Grasp Fund, HDFC Mutual Fund (MF), ICICI Prudential MF, Axis MF, UTI MF, Aditya Birla Solar Life Insurance coverage Firm and SBI Normal Insurance coverage Firm.

The difficulty, with a worth band of Rs 364-383 per share, will open on Might 22 and conclude on Might 27.

The proposed preliminary public providing (IPO) is a mixture of recent shares of Rs 128 crore and a proposal on the market (OFS) of 1.23 crore shares value Rs 471 crore on the higher finish of the value band. This takes the entire IPO dimension to Rs 599 crore.

 

Promoter Peak XV Companions Investments V (previously often known as SCI Investments) in addition to shareholders Bisque Ltd and Hyperlink Funding Belief will offload shares by the OFS.

Peak XV holds a 22.86 per cent stake in Awfis, whereas Bisque and Hyperlink Funding Belief personal 23.47 per cent and 0.36 per cent stake, respectively, within the firm.

Proceeds from the recent situation can be utilized in funding capital expenditure in the direction of establishing new centres, supporting working capital necessities, and normal company functions.

Awfis gives versatile workspace options, starting from particular person versatile desk must customised workplace areas for corporates.

Within the public situation, 75 per cent of the difficulty dimension has been reserved for certified institutional bidders (QIBs), 15 per cent for non-institutional traders and the remaining 10 per cent for retail traders.

Buyers can bid for no less than 39 fairness shares and in multiples of 39 fairness shares thereafter.

First Revealed: Might 21 2024 | 11:16 PM IST