Peak XV-backed Awfis Space Solutions raised over ₹268.61 crore from anchor investors on Tuesday, just before its initial public offering (IPO) opened for subscription.
According to a filing, the company allocated 70,13,483 shares to 32 anchor investors at the upper price band of ₹383 per share.
“The IPO Committee of the Company, in consultation with the Book Running Lead Managers, has finalized the allocation of 70,13,483 Equity Shares to Anchor Investors at ₹383 per share (including a share premium of ₹373 per share),” the filing said.
The company noted that 53.53% of the shares allocated to anchor investors went to 12 domestic mutual funds. “Out of the total allocation of 70,13,483 shares to the Anchor Investors, 37,53,968 shares (53.53%) were allocated to 12 domestic mutual funds across 19 schemes,” it said.
Ashoka Whiteoak ICAV and Ashoka Whiteoak Emerging Markets Trust PLC took larger investment positions.
Prominent domestic institutional investors included HDFC Mutual Fund, Nippon Life India Trustee Ltd, Axis Mutual Fund, Canara Rebeco Mutual Fund, Motilal Oswal Large Cap Fund, and Edelweiss Trusteeship Co Ltd.
Notable foreign funds included Goldman Sachs Funds, Allianz Global Investors Fund, HSBC Global Investors Fund, Volrado Venture Partners Fund, and Natixis International Funds.
Awfis Space Solutions IPO Details
The Awfis Space Solutions IPO opens for subscription on Wednesday, May 22, and closes on Monday, May 27. The price range is set between ₹364 and ₹383 per share, each with a face value of ₹10.
Bids must be placed for at least 39 shares, and additional bids must be in multiples of 39 shares.
The share allotment is expected to be finalized on Tuesday, May 28. Refunds will begin on Wednesday, May 29, with shares credited to the demat accounts of allottees on the same day. Awfis Space Solutions shares are expected to be listed on the BSE and NSE on Thursday, May 30.
The lead managers for the IPO are ICICI Securities Limited, Axis Capital Limited, IIFL Securities Ltd, and Emkay Global Financial Services Ltd. Bigshare Services Pvt Ltd is the registrar.
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