Coworking/Flexible Offices - Listed on 30 May 2024
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.
Coworking/Flexible Offices
Awfis Space Solutions operates in the Coworking/Flexible Offices space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Awfis Space Solutions issue was offered at an upper price of Rs 383 and raised approximately Rs 598.93 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
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.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 75 | +31.33% |
| Day 2 | Rs 125 | +31.33% |
| Day 3 | Rs 140 | +28.72% |
| Day 4 | Rs 120 | +26.11% |
| Day 5 | Rs 110 | +26.11% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
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.
Awfis Space Solutions IPO listed at +13.6% versus the upper issue price of Rs 383 on 30 May 2024.
Awfis Space Solutions IPO was subscribed 108.15x overall. QIB portion was subscribed 116.95x, HNI / NII 129.26x and Retail 53.14x.
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.