Awfis Space Solutions IPO Allotment on May 28: How to Check Your Shares

Checking Allotment Status on BSE Website

1. Visit the BSE website.
2. Select “Equity” in the Issue Type dropdown.
3. Select “Office Space Solutions Limited” in the Issue Name dropdown.
4. Enter your Application Number or PAN Number.
5. Check the box to confirm you are not a robot.
6. Click on the “Search” button.

Checking Allotment Status on IPO Registrar Portal

1. Visit the IPO registrar’s portal (Bigshare Services Private Limited).
2. Select “Office Space Solutions Limited” as the company name.
3. Enter your Application Number/CAF Number, Beneficiary ID, or PAN Number.
4. Enter the captcha code.
5. Click on the “Search” button.

Post-Allotment Process

Considering the high subscription rate, investors will receive equity shares on a proportionate basis.

Successful investors will see the equity shares credited to their demat accounts by May 29, and trading will commence on the stock exchanges from May 30.

Subscription Details

The Awfis Space Solutions IPO was subscribed 108.56 times, receiving bids for 93.33 crore shares against the 86.29 lakh shares on offer.

Non-institutional investors (NII) showed the highest interest, with the issue subscribed 129.27 times by them, followed by qualified institutional buyers (QIB) at 116.95 times, and retail investors at 53.21 times.

IPO Details

1. Total Raise: Rs 599 crore
2. Fresh Equity: Rs 128 crore
3. Offer for Sale (OFS): Rs 470.93 crore
4. Listing: BSE and NSE
5. Minimum Bid: 39 equity shares
6. Minimum Investment: Rs 14,937 (based on the price band)
7. Lead Managers: ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, Emkay Global Financial Services Limited
8. Registrar: Bigshare Services Private Limited
9. Listing Date: May 30, 2024 (tentative)

About Awfis Space Solutions

Founded in 2014, Awfis Space Solutions operates as a workspace solution provider in India, catering to small and medium-sized enterprises (SMEs) and large corporates.

The company offers flexible workspace options and additional services such as catering, IT assistance, infrastructure support, and event organization.

Investors should stay updated and check their allotment status promptly to ensure they are informed about their investment in Awfis Space Solutions.