Awfis Space IPO Allotment Soon! Know How To Check Allotment Status

The allotment for the Awfis Space Solutions IPO is expected to be finalised on Tuesday, May 28.

On the last day of bidding for the Awfis Space Solutions IPO, the issue was subscribed 108.56 times the amount available. Retail investors subscribed the issue 54.58 times, institutional investors subscribed 116.95 times, non-institutional buyers (NII) subscribed 129.81 times, and employee reserved category subscribed 25.20 times.

Investors who bid for the Awfis Space Solutions' IPO can check allotment status on the official website of Bigshare Services Pvt Ltd, the registrar for the issue and on the BSE website.

• Visit the official website of Bigshare Services here: https://www.bigshareonline.com/ipo_Allotment.html

• Select any one server to check your IPO Allotment Status.

• Choose "Awfis Space Solutions Limited" from the list of companies.

• In the Selection Type dropdown, choose either Application number, Beneficiary ID, or PAN ID.

• Enter the required information, which could be your application number, PAN (Permanent Account Number), or Beneficiary ID.

• Complete the 'captcha' to verify that you are not a robot.

• Finally, click the "Search" button to check your allotment status.

• Go to the official BSE website here: https://www.bseindia.com/investors/appli_check.aspx

• Select the issue type as 'Equity.'

• Choose "Awfis Space Solutions Limited" from the dropdown menu.

• Enter your application number or PAN (Permanent Account Number).

• Complete the 'Captcha' for verification.

• Click on the "Search" button to view your allotment status.

• Download or print the allotment status for your records.

Awfis Space Solutions Limited will be listed on the National Stock Exchange and the BSE on Thursday, May 30.

• IPO Open Date: Wednesday, May 22

• IPO Close Date: Monday, May 27

• Basis of Allotment: Tuesday, May 28

• Initiation of Refunds: Wednesday, May 29

• Credit of Shares to Demat: Wednesday, May 29

• Listing Date: Thursday, May 30

Investors who received shares of the company will have their demat accounts credited on May 29. The refund procedure will begin on Wednesday, as soon as the allotment is finalised.

The IPO is a book-built issue worth Rs 598.93 crore and concluded its subscription period on May 27. The four-day IPO consists of a fresh issue of equity shares, aggregating to Rs 128 crore; and an offer for sale of up to 1.23 crore equity shares, aggregating to Rs 470.93 crore by certain shareholders.

The price band for the shares was set between Rs 364 and Rs 383 per share and the minimum lot size for an application was 39 shares. ICICI Securities Ltd., Axis Capital Ltd., IIFL Securities Ltd. and Emkay Global Financial Services Ltd. are the book-running lead managers for the issue.

Started in December 2014, Awfis provides flexible workspace solutions, ranging from individual flexible desk needs to customised office spaces for startups, small and medium enterprises, as well as for large corporates and multinational corporations.

The company has 169 total centers across 16 cities in India, with 1,05,258 total seats and total chargeable area of 5.33 million square feet. Of this, 31 centers and 25,312 seats are under fit-out with a chargeable area aggregating to 1.23 million square feet. Fit-out spaces refer to centres where the company has entered into binding leases or operating arrangements with space owners, have paid the security deposit to the space owners, or the ones under progress which are not yet ready for clients to use.