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Hot Pursuit News

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(30 May 2024, 10:43)

Awfis Space Solutions gains on debut

Shares of Awfis Space Solutions were currently trading at Rs 448.85 at 10:20 IST on the BSE, representing a premium of 17.19% as compared with the issue price of Rs 383.

The scrip was listed at Rs 432.25, exhibiting a premium of 12.86% to the issue price.

So far, the stock has hit a high of 451.45 and a low of 431.65. On the BSE, over 4.90 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Awfis Space Solutions was subscribed 108.56 times. The issue opened for bidding on 22 May 2024 and closed on 27 May 2024. The price band of the IPO was fixed at Rs 364 to 383 per share.

The offer comprised fresh issue of equity shares up to Rs 128 crore and an offer for sale of 12,295,699 equity shares.

Of the total net proceeds from fresh issue, about Rs 42.03 crore is for funding capital expenditure towards establishment of new centers and Rs 54.37 crore for funding working capital requirements and for gene...

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