IPO Corner: Awfis Space Solutions Ltd.

Awfis Space Solutions Limited, largest flexible workspace Solutions Company, proposes to open its initial public offering of Equity Shares on May 22, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, that is, on May 21, 2024. Bid/ Offer Closing Date will be on May 27, 2024. The Price Band of the Offer has been fixed from Rs 364 per Equity Share to Rs 383 per Equity Share. Bids can be made for a minimum of 39 Equity Shares and multiples of 39 Equity Shares thereafter.

The Offer comprises a fresh issue aggregating up to Rs 1,280.00 million and an offer for sale of up to 12,295,699 Equity Shares. The Company proposes to utilize the net proceeds towards funding capital expenditure towards establishment of new centers, funding the company’s working capital requirements and general corporate purposes. The Equity Shares are proposed to be listed on both BSE and the NSE.