NEW DELHI: Shares of working space operator Office Space Solutions on Thursday listed at a premium of over 13 per cent to the issue price of Rs 383, even as overall market sentiment remained cautious.
The stock started trading at Rs 435, up 13.58 per cent from its issue price on the NSE. Later it increased by 15.68 percent to Rs 447.80.
It was listed on BSE at Rs 432.25 with a jump of 12.86 percent.
The market valuation of the company on NSE stood at Rs 3,108.61 crore.
Its market capitalization (mcap) on BSE stood at Rs 3,080.50 crore.
The initial public offering (IPO) of co-working space operator Office Space Solutions was subscribed 108.17 times on the closing day of the share-sale on Monday.
The price range of the initial share sale of Rs 599 crore was Rs 364-383 per share.
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 provides flexible workplace solutions, ranging from individual flexible desk needs to customized office space for corporates.
The stock started trading at Rs 435, up 13.58 per cent from its issue price on the NSE. Later it increased by 15.68 percent to Rs 447.80.
It was listed on BSE at Rs 432.25 with a jump of 12.86 percent.
The market valuation of the company on NSE stood at Rs 3,108.61 crore.
Its market capitalization (mcap) on BSE stood at Rs 3,080.50 crore.
The initial public offering (IPO) of co-working space operator Office Space Solutions was subscribed 108.17 times on the closing day of the share-sale on Monday.
The price range of the initial share sale of Rs 599 crore was Rs 364-383 per share.
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 provides flexible workplace solutions, ranging from individual flexible desk needs to customized office space for corporates.
