New Delhi: Co-working space operator Office Space Solutions Ltd on Tuesday said it has raised a little over Rs 268 crore from anchor investors, a day before the launch of the initial share-sale for public subscription.
According to a circular uploaded on the BSE website, the company has allotted 70.13 lakh equity shares to 32 funds at Rs 383 per share, which is also the upper end of the price band.
At this price the company has raised Rs 268.61 crore.
Participants in the anchor round include – Goldman Sachs, EastBridge Capital Master Fund, HDFC Mutual Fund (MF), ICICI Prudential MF, Axis MF, UT MF, Aditya Birla Sun Life Insurance Company and SBI General Insurance Company.
The issue will open on May 22 with a price band of Rs 364-383 per share and close on May 27. The proposed initial public offering (IPO) is a combination of fresh shares and offer for sale (OFS) worth Rs 128 crore.At the upper end of the price band, there are 1.23 crore shares worth Rs 471 crore. This takes the total size of the IPO to Rs 59 crore.
Promoter Peak XV Partners Investments V (formerly known as SCI Investments) will sell shares through OFS along with shareholders Bisq Limited and Link Investment Trust.
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The proceeds from the fresh issue will be used to finance capital expenditure to set up new centres, support working capital requirements and for general corporate purposes. Awfis offers flexible workspace solutions, ranging from individual flexible desk needs to customized office spaces for corporates.In the public issue, 75 per cent of the issue size has been reserved for qualified institutional bidders (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.
Investors can bid for a minimum of 39 equity shares and thereafter in multiples of 3 equity shares.
According to a circular uploaded on the BSE website, the company has allotted 70.13 lakh equity shares to 32 funds at Rs 383 per share, which is also the upper end of the price band.
At this price the company has raised Rs 268.61 crore.
Participants in the anchor round include – Goldman Sachs, EastBridge Capital Master Fund, HDFC Mutual Fund (MF), ICICI Prudential MF, Axis MF, UT MF, Aditya Birla Sun Life Insurance Company and SBI General Insurance Company.
The issue will open on May 22 with a price band of Rs 364-383 per share and close on May 27. The proposed initial public offering (IPO) is a combination of fresh shares and offer for sale (OFS) worth Rs 128 crore.At the upper end of the price band, there are 1.23 crore shares worth Rs 471 crore. This takes the total size of the IPO to Rs 59 crore.
Promoter Peak XV Partners Investments V (formerly known as SCI Investments) will sell shares through OFS along with shareholders Bisq Limited and Link Investment Trust.
braid
The proceeds from the fresh issue will be used to finance capital expenditure to set up new centres, support working capital requirements and for general corporate purposes. Awfis offers flexible workspace solutions, ranging from individual flexible desk needs to customized office spaces for corporates.In the public issue, 75 per cent of the issue size has been reserved for qualified institutional bidders (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.
Investors can bid for a minimum of 39 equity shares and thereafter in multiples of 3 equity shares.
