Business Standard

AWFIS Space Solutions Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

598.93 cr

Price Range (₹)

383

Lot Size

39

Min Investment (₹)

14,937.00

Listing Exchange

MumbaiNSE

Open Date

22-May-2024

Close Date

27-May-2024

Listing Date

30-May-2024

AWFIS Space Solutions Ltd News

    The Shares of AWFIS Space Solutions Ltd have now been listed.

    AWFIS Space Solutions Ltd IPO Details

    Initial public offering of 1,56,39,638* equity shares of face value of Rs. 10 each of the company (Equity Shares) for cash at a price of Rs. 383 per equity share (including a share premium of Rs. 373 per equity share) (Offer Price) aggregating to Rs. 598.93*^ crores (Offer). The offer comprises a fresh issue of 3,347,454* equity shares aggregating to Rs. 128.00*^ crores (Fresh Issue) and an offer for sale of 12,295,699* equity shares (Offered Shares) aggregating to Rs. 470.93* crores, comprising, 6,615,586* equity shares aggregating to Rs. 253.38* crores by peak xv partners investments v (formerly known as sci investments v) (peak xv or the promoter selling shareholder), 5,594,912* equity shares aggregating to Rs. 214.29* crores by bisque limited and 85,201* equity shares aggregating to Rs. 3.26* crores by link investment trust (collectively, the selling shareholders and such offer for sale of equity shares by the selling shareholders, the Offer for Sale).The offer included a reservation of 57,636* equity shares, aggregating to Rs. 2.00*^ crores (constituting 0.08% of the post offer paid-up equity share capital of the company) for subscription by eligible employees (the employee reservation portion). The offer less the employee reservation portion is hereinafter referred to as the net offer. The offer and the net offer constituted 22.53% and 22.45%, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the book running lead managers, offered a discount of 9.40% (equivalent of Rs. 36 per equity share) to the offer price to eligible employees bidding under the employee reservation portion (Employee Discount). *Subject to finalisation of basis of allotment.^After employee discountThe face value of the equity share is Rs. 10 each. The offer price is 38.3 times the face value of the equity shares.

    Objective of issue

    Funding capital expenditure towards establishment of new centers. Funding its working capital requirements. General corporate purposes.

    AWFIS Space Solutions Ltd Contact Details

    AWFIS Space Solutions Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs.corp@awfis.com

    Website - www.awfis.com