The initial public offering of Awfis Location Solutions closed on Monday, with bids exceeding better than 108 times the shares the place of job sharing company has assign up for sale.
In accordance with files from the BSE, the public scenario received bids for better than 936.8 million shares against the 8.62 million shares on offer.
The category reserved for retail investors became once booked nearly 55 times, whereas that for non-institutional investors received bids for approximately 130 times extra. Certified institutional investors snarl for 546 million shares, or over 116 times the part saved for this category.
The IPO incorporated a novel part sale of Rs 128 crore and a proposal-for-sale (OFS) of up to 12.2 million shares, in conjunction with the shares it equipped to anchor investors before the public sale.
The shares are scheduled to be listed on both NSE and BSE on Thursday, Would possibly perhaps well presumably perhaps 30.
The company had raised nearly Rs 269 crore from anchor investors in conjunction with Invesco India Multicap Fund, Axis Mutual Fund, ICICI Prudential Housing Opportunities Fund, HDFC Diminutive Cap Fund, Goldman Sachs India Equity, Allianz Global Investors Fund, and HSBC Global Investment Fund.
Awfis has situation a impress band of Rs 364-383 per part for the IPO and investors can snarl for 39 shares in one lot. At the upper end of the impress band, the company plans to know around Rs 599 crore, in conjunction with the investment by the anchor investors, valuing it at Rs 2,659 crore.
About 75% of the IPO became once reserved for qualified institutional bidders, whereas 15% became once for non-institutional investors and the relaxation 10% for retail investors.
Promoter High XV Partners and present shareholders Bisque and Link Investment Have confidence are taking fragment in the offer for sale piece. High XV Partners plans to offload up to 6.6 million shares, whereas Bisque (a ChrysCapital unit) is promoting 5.6 million shares. Real property investment belief Link Investment Have confidence will promote yet any other 85,201 shares.
The company had earlier diminished the dimension of its novel scenario whereas increasing the OFS ingredient. Before every thing, it had deliberate for a novel scenario of Rs 160 crore and an OFS ingredient of 10 million shares.
For the nine months ended December 31, 2023, Awfis reported working earnings of Rs 616 crore. It posted a secure loss of Rs 18.9 crore for the identical duration.
