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Peak XV, ChrysCapital-backed Awfis’ IPO covered over 108 times

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Awfis Space Solutions Ltd has received a strong response from investors for its initial public offering (IPO), with the share sale recording a subscription rate of 108.56 times on the final day. The offering of 8.63 million shares received bids for 934.3 million shares. Institutional investors bid for nearly 117 times the allocated quota, while non-institutional investors bid for around 129.5 times and retail investors covered the quota 53 times. The co-working space provider filed for a public listing in December 2021 and received regulatory approval last month. Peak XV and ChrysCapital, two of Awfis' investors, have modified their stake-selling plans during the IPO.

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