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Awfis Space Solutions’ IPO to open on May 22, at Rs 364-383 per share
Flexible workspace solutions company Awfis Space Solutions Ltd on Thursday fixed a price band of Rs 364-383 per share for its Rs 599 crore initial public offering.
The company's maiden public issue will open on May 22 and conclude on May 27 and the bidding for anchor investors will open for a day on May 21, according to a statement.
Awfis Space Solutions' proposed initial public offering (IPO) is a combination of fresh issue shares to the tune of Rs 128 crore and an offer for sale (OFS) of 1.23 crore shares worth Rs 471 crore at the upper end of the price band. This takes the total IPO size to Rs 599 crore.
Promoter Peak XV Partners Investments V (formerly known as SCI Investments) and shareholders Bisque Limited and Link Investment Trust will offload shares in the OFS.
At present, Peak XV holds 22.86 per cent stake in Awfis Space Solutions, Bisque and Link Investment Trust own 23.47 per cent and 0.36 per cent stake, respectively, in the company.
Proceeds from the fresh issue woul