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Two IPOs to Launch on Dalal Street This Week Amid Elections!

Amid elections, the primary market cools with just two IPOs. Awfis Space Solutions targets a ₹599 crore IPO this week, capitalising on its prominence in India's shared workspace sector.
Two IPOs to Launch on Dalal Street This Week Amid Elections!
Two IPOs to Launch on Dalal Street This Week Amid Elections!

This week, amid general elections, the primary market slows down with just two IPOs scheduled. Awfis Space Solutions, a top shared workspace provider in India, plans to open its IPO this week, aiming to raise approximately ₹599 crore.

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Here is the list of upcoming IPOs in This week:

Awfis Space Solutions IPO

Awfis Space Solutions’ IPO, set to open on May 22 and close on May 27, 2024, aims to raise ₹598.93 crore. This includes a fresh issue of 0.33 crore shares for ₹128 crore and an offer for sale of 1.23 crore shares totaling ₹470.93 crore. The price band is ₹364-₹383. ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global are managing the IPO, with Bigshare Services as the registrar.

GSM Foils IPO

GSM Foils’ IPO is scheduled to open on May 24, 2024, and will close on May 28, 2024. This SME IPO involves a fresh issue of 34.4 lakh shares, totaling ₹11.01 crores, with a fixed price of ₹32 per share. Shreni Shares Limited is acting as the book-running lead manager and market maker, with Bigshare Services Pvt Ltd serving as the registrar.

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