• Source:JND
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Awfis Space Solution IPO:  On the first day of bidding i.e. May 22, the initial public offering of co-working space operator Awfis Space Solutions was subscribed 2 times against its issue size. According to NSE data, bids were received for 1,74,46,143 shares against 86,29,670 shares in the initial share sale worth Rs 599 crore.

The retail individual investors (RII) category was subscribed 6.02 times, while the non-institutional investors quota was subscribed 2.76 times. The portion of qualified institutional buyers (QIBs) received a 30 percent subscription. The initial public offering (IPO) proposes a fresh issue of up to Rs 128 crore and the sale of 1,22,95,699 equity shares. The price range for the offer has been fixed at Rs 364-383 per share.

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On Tuesday, Office Space Solutions Ltd said it has raised a little over Rs 268 crore from anchor investors. This issue will end on May 27th. Promoter Peak XV Partners Investments V (formerly known as SCI Investments) along with shareholders Bisq Ltd and Link Investment Trust are selling shares through the OFS.

The proceeds from the fresh issue will be used to finance capital expenditure for setting up new centers, supporting working capital requirements, and for general corporate purposes. Awfis offers flexible workspace solutions, ranging from individual flexible desk requirements to customized office spaces for corporates. Axis Capital, Emkay Global Financial Services, ICICI Securities, and IIFL Securities are the managers of the offer.

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(With Agency inputs)