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Awfis Space Solutions Ltd has set the listing date of its initial public offering (IPO) today, May 30, 2024. The equity shares of Awfis Space Solutions will be listed and admitted to dealings on the BSE and NSE. The grey market is indicating a strong premium for the IPO shares, with experts projecting a listing price around ₹510 apiece. Market observers suggest a potential listing range of ₹510 to ₹520 per share, showcasing a possible listing gain of approximately 33 percent. Despite some financial concerns, such as negative net profit and increasing borrowings, the market remains bullish on the debut of Awfis Space Solutions’ shares.
The IPO saw a robust oversubscription of about 108.2 times, indicating significant interest from investors. Analysts anticipate a substantial increase in share value from the issued price of ₹383. With positive market sentiment, the shares are expected to list at around ₹500 per share, representing a promising upside of about 30 percent. The revenue growth and profit rise of Awfis Space Solutions between FY2022-23 have further fueled optimism among investors regarding the IPO listing.
Moreover, the grey market premium for Awfis Space Solutions IPO stands at ₹127, implying a higher listing price than the upper price band of the public issue. This premium suggests that the grey market expects the IPO shares to debut around ₹510, a significant increase from the issue price. The positive projections and high demand for Awfis Space Solutions shares highlight a strong potential for a successful listing on the stock exchanges. Investors are advised to stay tuned for further updates and consult certified experts before making any investment decisions.
