Co-working house operator Awfis House IPO totally subscribed on Day 1 | IPO Information

The preliminary public provide of co-working house operator Awfis House Options received subscribed 2 instances on the primary day of bidding on Wednesday.

The Rs 599 crore preliminary share sale acquired bids for 1,74,46,143 shares in opposition to 86,29,670 shares on provide, as per NSE information.

The class for Retail Particular person Traders (RIIs) fetched 6.02 instances subscription, whereas the quota for non-institutional buyers received subscribed 2.76 instances. The portion for Certified Institutional Patrons (QIBs) acquired 30 per cent subscription.

The Preliminary Public Provide (IPO) has a recent situation of as much as Rs 128 crore and a suggestion on the market of as much as 1,22,95,699 fairness shares.

The worth vary for the provide is fastened at Rs 364-383 per share.

Awfis House Options Ltd on Tuesday mentioned it has mopped up a bit over Rs 268 crore from anchor buyers.

The problem will conclude on Might 27.

Promoter Peak XV Companions Investments V (previously referred to as SCI Investments) in addition to shareholders Bisque Ltd and Hyperlink Funding Belief are offloading shares by means of 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 will probably be utilized in funding capital expenditure in direction of organising new centres, supporting working capital necessities, and normal company functions.

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

Axis Capital, Emkay International Monetary Companies, ICICI Securities and IIFL Securities are the managers to the provide.

First Revealed: Might 22 2024 | 6:50 PM IST