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Awfis IPO Receives Strong Response, Issue Oversubscribed 108X On Final Day
Inc42
·
1y ago
Medial
The IPO of a coworking space provider received significant oversubscription. Bids were made for 93.68 crore shares, surpassing the 86.29 lakh shares available. Qualified institutional buyers (QIBs) oversubscribed their quota by 116 times, bidding for 54.68 crore shares against the 46.75 lakh shares reserved for them. The company aims to raise INR 599 crore through the public offer, with the price band set at INR 364-INR 383.
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Awfis IPO: Issue Subscribed Over 2X On Day 1 Driven By Retail Investor Interest
Inc42
·
1y ago
Medial
Awfis, a co-working space provider, has received bids for 1.74 crore shares in its initial public offering (IPO), which is significantly oversubscribed compared to the 86.29 lakh shares on offer. The retail investors' portion is oversubscribed by 6.04 times, with the highest number of bids at 94.08 lakh. However, the response from qualified institutional buyers (QIBs) was relatively muted on the first day of the bidding process.
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Peak XV, ChrysCapital-backed Awfis’ IPO covered over 108 times
VCCircle
·
1y ago
Medial
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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Swiggy Shares Make Debut On Bourses; List At 8% Premium
Inc42
·
9m ago
Medial
Swiggy, the food delivery giant, made its stock market debut today with shares listing at INR 420 on the NSE, a premium of 8% from its IPO issue price of INR 390 per share. The company's INR 11,324 Cr IPO was oversubscribed 3.59 times on the final day of bidding. The public listing is expected to benefit around 500 employees, who will become 'crorepatis' (millionaires).
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TAC Infosec IPO Day 2: Vijay Kedia Backed SaaS Startup’s Public Issue Oversubscribed 22.8X
Inc42
·
1y ago
Medial
TAC Infosec's IPO was oversubscribed 22.82 times on the second day, driven by strong demand from retail investors. The public issue received bids for 4.61 crore shares against 20.23 lakh shares on offer. The retail individual investors quota was oversubscribed 41.4 times, while non-institutional investors oversubscribed their quota by 14.2 times. The company plans to raise INR 29.9 crore through the IPO, which will close on April 2. TAC Infosec offers cybersecurity solutions to businesses and small enterprises and reported a profit after tax of INR 1.94 crore in H1 FY24.
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Hyundai IPO last day today: Will India's largest public issue hit Rs 1 lakh crore bids? Check subscription update
Money Control
·
9m ago
Medial
Hyundai Motor India's IPO enters its final day of bidding, with investors closely watching if the Rs 27,800 crore public issue will be fully subscribed or even reach Rs 1 lakh crore in total bids. The IPO has already raised Rs 8,315 crore through anchor allocation and would require Rs 91,685 crore in total bids to hit the Rs 1 lakh crore mark. The public issue has garnered significant interest, with 42% subscription by the end of day two. Hyundai India expects a strong response to positively impact market sentiment.
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Flysbs Aviation IPO: GMP soars 96%; issue subscribed 84.52 times on Day 3 so far
Economic Times
·
5d ago
Medial
Flysbs Aviation's IPO focused on private jet operations garnered significant attention with an GMP of 96%, indicating strong demand. On the final subscription day, it was oversubscribed by 84.52 times, largely driven by individual investors. The IPO aims to raise Rs 102.53 crore through the fresh offer of 45.57 lakh shares. Flysbs, supported by knowledgeable promoters, plans to acquire new aircraft, repay borrowings, and support corporate needs, with shares debuting on the NSE SME platform on August 8.
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Leela hotels owner Schloss, Aegis Vopak IPOs fully sold on final day
VCCircle
·
2m ago
Medial
Initial public offerings (IPOs) for Leela hotels-owner Schloss Bangalore and Aegis Vopak Terminals were oversubscribed on their final day, primarily due to institutional investor interest as retail demand was weak. The IPOs occurred amid a recovering Indian market with IPO proceeds down 29% year-on-year. Schloss and Aegis sought valuations of $1.7 billion and $3.05 billion, respectively. Institutional buyers showed strong interest, while retail investors found the valuations demanding amidst ongoing market uncertainties.
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Unicommerce Shares Fall Around 5% After Last Week’s Rally
Inc42
·
11m ago
Medial
The stocks of Unicommerce, a company that recently made its debut on the stock exchange, have declined to INR 215.5 per share as of 1.30 PM, down from the previous close of INR 225. The company's public issue was oversubscribed by 168.3 times on the final day of bidding.
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Awfis Space Solutions shares list at 14% premium over issue price
Economic Times
·
1y ago
Medial
Awfis Space Solutions' shares debuted on the stock exchanges with a 13.6% premium. The stock opened at Rs 435 on NSE, higher than the issue price of Rs 383 per share. The company saw strong demand for its IPO, with oversubscription of over 100 times. However, Awfis' financial performance raises concerns, as it struggles to achieve profitability and faces negative cash flow. The company plans to use the proceeds from the IPO for expansion, establishing new centers, and general corporate purposes. ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services were the book running lead managers to the issue.
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RK Swamy IPO bought 25.78 times on final day with HNI, retail support
Money Control
·
1y ago
Medial
The initial public offering (IPO) of RK Swamy, a marketing services provider, received strong demand as investors bid 25.78 times the offer size on the final day of bidding. Retail investors and high net worth individuals dominated the buying, while institutional buyers also showed interest. The IPO aims to raise Rs 423.56 crore and comprises a fresh issue as well as an offer-for-sale of shares. The shares are expected to be listed on the BSE and NSE on March 12.
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