Awfis Space Solutions IPO Listing Day Performance

Modest listing for Awfis Space Solutions in NSE

Awfis Space Solutions had a modest listing on 30th May 2024, listing at ₹435 per share, a premium of 13.58% over the issue price of Rs383. Here is the pre-open price discovery for the Mainboard Awfis Space Solutions IPO on the NSE as of 9.45 am.
 

PRE-OPEN ORDER COLLECTION SUMMARY

Data Source: NSE

The mainboard IPO of Awfis Space Solutions was a book built IPO with a price band of ₹364 to ₹383 per share. The price was discovered at the upper end of the band at ₹383 per share. On 30th May 2024, the stock of Awfis Space Solutions listed on the NSE Mainboard segment at a price of ₹435 per share, a premium of 13.58% over the IPO issue price of ₹383. For the day, the upper circuit price has been set at ₹522.00 and the lower circuit price has been set at ₹348. As of 10.05 am, the volumes were 46.99 lakh shares while the turnover (value) was at ₹205.81 crore on NSE. The stock has a face value of ₹10 per share and the applicable margin rate is 25.00%. The opening market cap of the stock stands at ₹3093 crore. The stock will be traded in the regular rolling segment of the NSE.  At 10.05 am, it is trading higher at ₹445.50 per share.

How Awfis Space Solutions listed on BSE

Here is a quick price discovery summary of Awfis Space Solutions on the Bombay Stock Exchange (BSE) on the day of listing, 30th May 2024. The pre-IPO period ends at 9.45 am and actual trading on the IPO stock starts at 10.00 am on listing day.

PRE-OPEN ORDER COLLECTION SUMMARY

Data Source: BSE

The Mainboard IPO of Awfis Space Solutions was a book built IPO priced at the upper end of the band at ₹383 per share. On 30th May 2024, the stock of Awfis Space Solutions listed on the BSE mainboard segment at a price of ₹432.25 per share, a premium of 12.86% over the IPO issue price of ₹383. For the day, the upper circuit price has been set at ₹518.70 and the lower circuit price has been set at ₹345.80. As of 10.05 am, the volumes were 3.19 lakh shares while the turnover (value) was at ₹14.00 crore on BSE. The stock has a face value of ₹10 per share. The stock will be traded in the regular rolling segment of the BSE in T+1 settlement. The market cap of the stock stands at ₹3,109 crore with free float market at ₹404 crore. At 10.05 am, it is trading higher at ₹448.70 per share.

Awfis Space Solutions – About the IPO

The Awfis Space Solutions IPO (mainboard IPO) was open from May 22nd, 2024 to May 27th, 2024. The stock of Awfis Space Solutions has a face value of ₹10 per share and the price band for the book building IPO has been set in the range of ₹364 to ₹383 per share. The IPO of Awfis Space Solutions will be a combination of a fresh issue of shares and offer for sale (OFS) component. The fresh issue brings in funds into the company, but is also EPS and equity dilutive. On the other hand, OFS is just a transfer of ownership. The fresh issue portion of the IPO of Awfis Space Solutions comprises the issue of 33,42,037 shares (33.42 lakh shares approximately), which at the upper price band of ₹383 per share will translate into a fresh issue size of ₹128 crore. 

The offer for sale (OFS) portion of the IPO of Awfis Space Solutions comprises the sale / offer of 1,22,95,699 shares (122.96 lakh shares approximately), which at the upper price band of ₹383 per share will translate into an OFS size of ₹470.93 crore. Out of the OFS size of 122.96 lakh shares, 1 promoter shareholder Peak XV Partners Investments will offer (66.16 lakh shares). Out of the 2 other selling shareholders, Bisque Limited will offer (55.95 lakh shares), and Link Investment Trust will offer (0.85 lakh shares). Thus, the total IPO of Awfis Space Solutions will comprise of a fresh issue and an OFS of 1,56,37,736 shares (156.38 lakh shares approximately) which at the upper end of the price band of ₹383 per share aggregates to total issue size of ₹598.93 crore. The IPO of Awfis Space Solutions will be listed on the NSE and the BSE on the IPO mainboard.

The fresh funds will be used for funding capex of new centres, and for working capital requirements. The company has been promoted by Amit Ramani and Peak XV. The IPO will be lead managed by ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services; while Bigshare Services Private Ltd will be the IPO registrar.