Mumbai, May 30 The shares of office space provider company, Awfis Space Solutions, debuted with positive gains on exchanges on Thursday. The company’s shares opened at Rs 435, a 13.58 per cent premium over its issue price of Rs 383 on the National Stock Exchange (NSE).
Shares of Awfis Space Solutions were listed at Rs 432 on the Bombay Stock Exchange (BSE) with a premium of 12.86 per cent.
The IPO of Awifs Space Solutions received a good response from the market. According to BSE data, the IPO was subscribed 108.56 times. The reserved quota for qualified institutional buyers (QIBs) was subscribed 116.95 times, the reserved quota for non-institutional investors 129.81 times, and the reserved quota for retail investors subscribed 54.58 times.
The reserved quota for employees was subscribed 25.20 times.
In the IPO, a 75 per cent quota was reserved for QIBs, 15 per cent for non-institutional investors and 10 per cent for retail investors.
Awfis Space Solutions provides office space to startups, MSMEs, corporates and MNC companies. The company also runs several co-working spaces.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor