Awfis Space Solutions IPO
Awfis Space Solutions Limited (AWFIS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 30 May 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +69.7% (likely range +48% to +86%), day's high +78.0%, chance of a gain 97%. Actual: +13.6% at the open, +17.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 46,75,656 | 54,68,35,497 | 117x | |
| NII (HNI) total | 23,37,827 | 30,34,63,992 | 130x | |
| Big NII (above ₹10 lakh) | 15,58,552 | 21,53,07,651 | 138x | |
| Small NII (₹2-10 lakh) | 7,79,275 | 8,81,56,341 | 113x | |
| Retail | 15,58,551 | 8,50,70,778 | 54.6x | |
| Employees | 57,636 | 14,52,243 | 25.2x | |
| Total | 86,29,670 | 93,68,22,510 | 109x |
Bids on NSE and BSE together, as published by NSE, as of 27 May 2024, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Awfis Space Solutions's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Utkarsh Small Finance BankJul 2023 | 125x | 81.6x | 72.1x | 102x | ₹543 Cr | +60.0% | +92.0% |
| Platinum IndustriesFeb 2024 | 151x | 142x | 51.0x | 99.0x | ₹235 Cr | +31.6% | +38.2% |
| Ideaforge TechnologyJun 2023 | 126x | 80.6x | 85.2x | 106x | ₹567 Cr | +93.5% | +100.0% |
| Ratnaveer Precision EngineeringSep 2023 | 133x | 135x | 54.0x | 94.0x | ₹165 Cr | +25.7% | +32.0% |
| Aeroflex IndustriesAug 2023 | 195x | 126x | 34.4x | 97.1x | ₹352 Cr | +75.9% | +81.8% |
| CSB BankNov 2019 | 62.2x | 165x | 44.5x | 86.9x | ₹410 Cr | +41.0% | +57.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| Emkay Global Financial Services | 10 | +16.7% | 60% |
| ICICI Securities | 109 | +21.3% | 69% |
| IIFL Securities | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Awfis Space Solutions IPO price band and lot size? ₹364–383 per share, with a lot of 39 shares, so the smallest retail bid is ₹14,937.
How many times has it been subscribed? 109x overall: QIB 117x, NII 130x, retail 54.6x, employees 25.2x.
How did it list? It opened at ₹435, +13.6% against the issue price of ₹383, and closed its first day +10.1%.
