Awfis Space Solutions Makes a Strong Market Debut With a 14% Premium!

Awfis Space Solutions debuted with shares opening at Rs 435 on the NSE, a 14% premium, and Rs 432.25 on the BSE, up 12.86% from the IPO price.

Awfis Space Solutions debuted on the stock market with shares opening at Rs 435 on the NSE, marking a 14% premium despite a generally cautious market. On the BSE, it opened at Rs 432.25, achieving a 12.86% increase over the IPO price of Rs 383.

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Awfis Space Solutions’ IPO garnered strong demand with a total subscription of 108.56 times. Retail investors applied 54.58 times over their quota, non-institutional investors at 129.81 times, and qualified institutional buyers subscribed 116.95 times their allotted portion.

Awfis Space Solutions Limited is India’s leading provider of flexible workspaces, managing 169 centres in 16 cities with over 105,258 seats. They offer a range of customizable office solutions for businesses of all sizes, featuring services like Awfis Transform and Awfis Care. Their understanding of workforce trends helps them cater to varied client needs effectively.

Awfis Space Solutions aims to raise funds for expanding its network by adding 12 new centres, allocating INR 42.03 crores for this and INR 54.37 crores for boosting working capital in Fiscal 2025, with the remainder for general corporate purposes.

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