New Delhi: Amid heavy participation from institutional investors, the initial public offering of co-working space operator Office Space Solutions was subscribed 108.17 times on the last day of subscription on Monday.
According to data available with NSE, bids were received for 93,34,36,374 shares against 86,29,670 shares in the initial share sale worth Rs 599 crore.
The non-institutional investors portion was subscribed 129.27 times, while the qualified institutional buyers (QIB) category was subscribed 116.95 times. The quota for retail individual investors (RIIs) was subscribed 53.2 times.
Bidding opened on Wednesday for the initial public offering (IPO) for a fresh issue of up to Rs 128 crore and sale of 1,22,95,699 equity shares.
The price range for the IPO is Rs 364-383 per share.
The IPO of Office Space Solutions was fully subscribed on the first day of bidding on Wednesday.
Office Space Solutions Ltd on Tuesday said it has raised a little over Rs 26 crore from anchor investors.
The proceeds from the fresh issue will be used to finance capital expenditure for setting up new centres, supporting working capital requirements and for general corporate purposes.
Awfis provides flexible workplace solutions, ranging from individual flexible desk needs to customized office space for corporates.
Axis Capital, Emkay Global Financial Services, ICICI Securities and IIF Securities are the managers of the offer.
According to data available with NSE, bids were received for 93,34,36,374 shares against 86,29,670 shares in the initial share sale worth Rs 599 crore.
The non-institutional investors portion was subscribed 129.27 times, while the qualified institutional buyers (QIB) category was subscribed 116.95 times. The quota for retail individual investors (RIIs) was subscribed 53.2 times.
Bidding opened on Wednesday for the initial public offering (IPO) for a fresh issue of up to Rs 128 crore and sale of 1,22,95,699 equity shares.
The price range for the IPO is Rs 364-383 per share.
The IPO of Office Space Solutions was fully subscribed on the first day of bidding on Wednesday.
Office Space Solutions Ltd on Tuesday said it has raised a little over Rs 26 crore from anchor investors.
The proceeds from the fresh issue will be used to finance capital expenditure for setting up new centres, supporting working capital requirements and for general corporate purposes.
Awfis provides flexible workplace solutions, ranging from individual flexible desk needs to customized office space for corporates.
Axis Capital, Emkay Global Financial Services, ICICI Securities and IIF Securities are the managers of the offer.
