New Delhi: Flexible workspace solutions company Office Space Solutions Ltd on Thursday set a price band of Rs 364-383 per share for its Rs 599 crore initial public offering.
According to the statement, the company's first public offering will open on May 22 and close on May 27 and bidding for anchor investors will open for one day on May 21.
The proposed initial public offering (IPO) of Office Space Solutions is a combination of fresh issue shares worth Rs 128 crore and an offer for sale (OFS) of 1.23 crore shares worth Rs 471 crore at the upper end of the price band. This takes the total size of the IPO to Rs 599 crore.
Promoter Peak XV Partners Investments V (formerly known as SCI Investments) and shareholders Bisq Limited and Link Investment Trust will sell shares in th OFS.Currently, Peak
The proceeds from the new issue will be used to finance capital expenditure for setting up new centres, supporting working capital requirements and for general corporate purposes.
The company said 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.
Awfis Space Solutions offers a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office spaces for startups, small and medium enterprises as well as large corporates and multi-national corporations.ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, MK Global Financial Services Limited are the book-running lead managers of the public issue.
According to the statement, the company's first public offering will open on May 22 and close on May 27 and bidding for anchor investors will open for one day on May 21.
The proposed initial public offering (IPO) of Office Space Solutions is a combination of fresh issue shares worth Rs 128 crore and an offer for sale (OFS) of 1.23 crore shares worth Rs 471 crore at the upper end of the price band. This takes the total size of the IPO to Rs 599 crore.
Promoter Peak XV Partners Investments V (formerly known as SCI Investments) and shareholders Bisq Limited and Link Investment Trust will sell shares in th OFS.Currently, Peak
The proceeds from the new issue will be used to finance capital expenditure for setting up new centres, supporting working capital requirements and for general corporate purposes.
The company said 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.
Awfis Space Solutions offers a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office spaces for startups, small and medium enterprises as well as large corporates and multi-national corporations.ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, MK Global Financial Services Limited are the book-running lead managers of the public issue.
