Awfis Space Solutions IPO Allotment Status: Here’s How To Check Status And Latest GMP

May 27, 2024 Trading 2 min read
Awfis Space Solutions IPO Allotment Status

Valued at Rs 598.93 crores, the Awfis Space Solutions IPO is a book-built issue which comprises a fresh issue of 0.33 crore shares amounting to Rs 128.00 crores and an offer for sale of 1.23 crore shares amounting to Rs 470.93 crores.

The Awfis Space Solutions IPO opened on May 22, 2024, and closed on May 27, 2024. The allotment for the Awfis Space Solutions IPO is expected to be finalised on Tuesday, May 28, 2024, and it will be listed on BSE and NSE with a tentative listing date fixed as Thursday, May 30, 2024.

The minimum lot size is 39 shares with the price band set at ₹364 to ₹383 per share. Retail investors are required to make a minimum investment of ₹14,937. For sNII, the minimum lot size is 14 lots (546 shares), amounting to ₹209,118. As for bNII, the minimum lot size is 67 lots (2,613 shares), amounting to an investment of ₹1,000,779.

ICICI Securities Limited, Axis Capital Limited, IIFL Securities Ltd, and Emkay Global Financial Services Ltd are the Book Running Lead Managers (BRLM) to the issue, with Bigshare Services Pvt Ltd as the registrar for Awfis Space Solutions IPO.

Here’s how you can check the allotment status of Awfis Space Solutions IPO: 

Step 1: Go to the BSE website. 

Step 2: Choose ‘Equity’ and then the issue name from the selection menu.

Step 3: Enter your application number as well as your PAN card number and press ‘Search’.

You can also follow a similar procedure to check the allotment status on the Registrar’s website: 

Step 1: Go to the Bigshare Services Pvt Ltd website. 

Step 2: Select the IPO name by clicking on ‘Company Selection’.

Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’. 

If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on May 29, 2024.

Awfis Space Solutions Limited was incorporated in December 2014. It is one of India’s leading providers of flexible workspace solutions. Their primary customers are startups, SMEs, and large corporations. They offer a wide range of custom office solutions like shared offices, private cabins, and other infrastructure services. Along with its core solution of co-working spaces, the company also provides supporting services including IT support, event hosting, and food and beverages.

It operates across 16 cities in India including Bangalore, Delhi, Mumbai, and Hyderabad. It focuses on creating a technology-centred user experience to become more client-friendly and facilitate seamless workspace coordination. To its customers, it provides innovative office solutions that foster a sense of community and flexibility. Their team has reached over 100 employees as of December 31, 2023. This includes 63 designers and project managers to enhance its expertise.

Awfis Space Solutions Grey Market Premium

Date GMP
May 20 ₹105
May 19 ₹105
May 18 ₹105
May 17 ₹75
May 16 ₹80

The last update for Awfis Space Solutions IPO was on May 20, 2024, at 07:03 AM. The GMP is ₹105. The expected listing price of Awfis Space Solutions IPO, with a price band of 383.00, is ₹488 (cap price + today’s GMP). 27.42% is the anticipated percentage gain or loss per share.


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