The Awfis Space Solutions IPO, which opened on May 22, 2024, has garnered significant attention from investors in the first two days of bidding. The public issue has been oversubscribed by 11.41 times, indicating strong demand from primary market investors. With just one day left for bidding to close, investors are considering whether to apply for this IPO or not.
Grey Market Premium (GMP) for the Awfis Space Solutions IPO has seen a rise, currently standing at ₹120, up by ₹9 from the previous weekend. This suggests a positive sentiment among investors regarding the potential listing price of the IPO.
In terms of subscription status, the retail portion of the IPO has been subscribed 21.11 times, while the Non-Institutional Investor (NII) segment has seen a subscription of 20.99 times. The Qualified Institutional Buyer (QIB) portion has been subscribed 3.39 times. These figures indicate strong interest from individual investors and high-net-worth individuals, with moderate interest from institutional investors.
Recommendation
Experts have provided favorable reviews of the IPO. Anand Rathi recommends a ‘Subscribe – Long Term’ rating, citing the company’s shift to an asset-light model and a large Total Addressable Market (TAM). Warwadi Shares and Finance also suggests a ‘Subscribe’ rating, highlighting the company’s leadership position and reasonable valuations.
Ventura Securities and SMIFS have echoed these sentiments, providing a ‘buy’ tag for the public issue. Overall, expert consensus indicates a positive outlook for the Awfis Space Solutions IPO, making it a potential investment opportunity for interested individuals.
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