What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Awfis Space Solutions Limited IPO allotment date?

The basis of allotment for Awfis Space Solutions Limited IPO is scheduled to be finalized on 29 May 2024.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 30 May 2024.

Awfis Space Solutions Limited

ListedMainboard

Real Estate / Services · NSE / BSE

Awfis Space Solutions Limited is one of India's leading workspace providers, established in December 2014. The company offers flexible workspace solutions for individuals, start-ups, small businesses, and large companies. Its main services include co-working spaces, custom office spaces, and mobility solutions, along with IT support, food & beverages, event hosting, and facility management services. As of December 31, 2023, Awfis operates 169 centers across 16 cities, with 1.05 lakh seats covering 5.33 million sq. ft. of workspace. Additionally, 31 new centers are under development, offering 25,312 seats. With a team of over 100 hospitality professionals and 63 designers and project managers, Awfis delivers high-quality services and a premium office experience for its clients.

Price Band

₹364 – ₹383

Issue Size

₹599 Cr

Lot Size

39 shares

GMP

₹84

+21.9%

Est. Listing

₹467

at current GMP

Subscribed

108.17x

overall

Open

22 May 2024

27 May 2024

Allotment

29 May 2024

Refund

30 May 2024

Demat Credit

31 May 2024

Listing

30 May 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Awfis Space Solutions Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

29 May 2024

Basis finalization

Refunds Initiate

30 May 2024

Mandate release

Demat Credit

31 May 2024

Shares in demat

Listing Debut

30 May 2024

Trading begins

How to Check Awfis Space Solutions Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Awfis Space Solutions Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Awfis Space Solutions Limited Public Issue & Market Profile

Awfis Space Solutions Limited is bringing an initial public offering (IPO) in the Real Estate / Services sector with an aggregate issue size of ₹598.93 Crores. The shares are offered at a price band of ₹364 to ₹383 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-05-27, the basis of allotment is scheduled to be finalized on 2024-05-29. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.