Awfis Space Solutions' initial public offering begins today: Latest GMP, pricing range, and crucial details

Awfis Space Solutions' initial public offering (IPO) is accessible for subscription today (May 22). The issue will conclude on May 27 with a price band of ₹364 to ₹383 per share. Retail investors can apply for the workspace solutions provider's IPO in lots of 39 shares, with a minimum investment of ₹14,937. Prior to the IPO, the company raised ₹268.62 crore from anchor investors on May 21. The IPO, valued at ₹598.93 crore, includes a fresh issue of 33 lakh equity shares worth ₹128 crore, as well as an offer for sale (OFS) component of 1.23 crore shares for ₹470.93 crore. The allotment for the Awfis Space IPO is expected to be finalized on May 28, with the listing date of May 30. Awfis Space Solutions' shares will be listed on the BSE and NSE stock exchanges. The company plans to use the net proceeds from the IPO to cover capital expenditure for the establishment of future centers as well as working capital requirements, according to the statement. ICICI Securities, Axis Capital,