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Awfis Space Solutions IPO

Coworking/Flexible Offices - Listed on 30 May 2024

+13.6% listing gain
Issue Price (Upper)
Rs 383
Listing Price
Rs 435
Closing Price (NSE)
Rs 421.75
Total Subscription
108.15x

Awfis Space Solutions IPO listing summary

Awfis Space Solutions (Coworking/Flexible Offices) closed its IPO window in 2024 and listed on NSE and BSE on 30 May 2024 at an upper band issue price of Rs 383, opening at Rs 435 for a listing gain of +13.6% and closing day one at Rs 421.75 (+10.1% on closing basis). The IPO was subscribed 108.15x overall - QIB 116.95x, HNI/NII 129.26x, Retail 53.14x. The total issue size was Rs 598.93 Cr (Fresh Issue Rs 128 Cr, OFS Rs 470.93 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+13.58%
Listing Gain (Close)
+10.12%
Day Change After Listing
-3.46%
Retail Quota
10.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB116.95x
HNI / NII129.26x
Retail53.14x
Overall108.15x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 12.03x
Day 211.41x
Day 3 (Final)108.15x

Awfis Space Solutions IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 75+31.33%
Day 2Rs 125+31.33%
Day 3Rs 140+28.72%
Day 4Rs 120+26.11%
Day 5Rs 110+26.11%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
26.1%-31.3%
IPOGyani AI Prediction
-
Actual Listing Gain
+13.6%

Issue & financials

Issue SizeRs 598.93 Cr
Fresh IssueRs 128 Cr
OFSRs 470.93 Cr
IPO PE34.41
Peer / Sector PE60.00
PE vs Sector Ratio0.57
Latest EBITDA (Cr)31.12
Debt / Equity0.06

Market context at listing

How the broader market moved around the Awfis Space Solutions IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return+0.59%
Nifty 1W Return+1.79%
Nifty 1M Return+2.04%
Nifty during IPO window+1.59%

Awfis Space Solutions IPO - FAQs

What was the listing gain of Awfis Space Solutions IPO?

Awfis Space Solutions IPO listed at +13.6% versus the upper issue price of Rs 383 on 30 May 2024.

How many times was Awfis Space Solutions IPO subscribed?

Awfis Space Solutions IPO was subscribed 108.15x overall. QIB portion was subscribed 116.95x, HNI / NII 129.26x and Retail 53.14x.

What was the IPO GMP for Awfis Space Solutions?

IPO GMP started at Rs 75 on Day 1 and moved to Rs 110 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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