How To Check Awfis IPO Allotment Status

Awfis Space Solutions IPO aiming to raise ₹598.93 crores, opened for subscription on May 22 and closed on May 27. The Awfis IPO allotment status is set to be finalised today.

If you applied for the IPO, here is how you can check the Awfis IPO allotment status.

Checking Aadhar Housing Finance IPO Allotment Status on Registrar's Website:

Follow these steps to check the Awfis IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Awfis Space Solutions" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the Awfis IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Awfis Space Solutions" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Awfis IPO allotment status will be visible.

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Awfis IPO Subscription Status

On the final day of bidding, the total subscription status stands at 108.56 times. The Retail Individual Investors (RIIs) category has been oversubscribed by 54.58 times, while the Non-Institutional Investors (NIIs) category stands at 129.81 times. The Qualified Institutional Buyers (QIBs) category has seen a subscription of 116.95 times.

The IPO allocation structure has reserved 29.89% of the shares for QIBs, 14.94% for NIIs, and 9.96% for RIIs, ensuring a balanced participation across investor categories.

Awfis Space Solutions IPO GMP

The Awfis IPO GMP is currently reported at 129, up from the ₹120 reported on Monday. Considering the upper price band of the IPO, the expected listing price is ₹512, indicating a potential gain of around 34% on listing. However, it's important to note that while GMPs can provide some insight into market sentiment towards an IPO, they should not be considered as the sole factor behind the company's performance upon listing.

Awfis Space Solutions IPO Details

The Awfis IPO includes a fresh issue of 0.33 crore shares, amounting to ₹128 crore, and an offer for sale of 1.23 crore shares, totalling ₹470.93 crore. The proceeds from the offering will be used for prepayment or scheduled repayment of existing borrowings, financing working capital requirements, and general corporate purposes.

Before the IPO launch on Wednesday, May 22, the company raised funds from anchor investors on Tuesday, May 21. Participants in the anchor round included prominent foreign and domestic institutions such as White Oak Capital, Ashoka India, ICICI Prudential, Volrado Ventures, Bajaj Allianz Life Insurance, Aditya Birla Sun Life Insurance, SBI General Insurance, BCAD, Singularity Growth Opportunity Fund, and Authum Investments.

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Posted In: NewsIPOsAwfis Space Solutions