Awfis Space IPO Launch: Invest ₹15,000 for Potential High Returns as the IPO Opens Today
Rajasthan News
The company’s shares are currently showing a premium of ₹165 in the grey market. The IPO price range has been established at ₹364-383 per share. On the first day of the issue opening, the company announced that it has secured ₹268.61 crore from anchor investors.
Share Market Update: If you’re an investor in the stock market or considering an IPO, this news is relevant for you. The ₹599 crore IPO of Office Space Solutions Limited, a firm focused on the office space sector, is set to open on May 22 (Wednesday). Subscriptions for the IPO will commence today and continue until May 24. Currently, the company’s shares are showing a premium of ₹165 in the grey market. The IPO price range has been set at ₹364-383 per share. On Tuesday, the company announced that it has secured ₹268.61 crore from anchor investors on the first day of the issue’s opening.
IPO Size is Approximately ₹599 Crore
The shares of the company are anticipated to be listed on the stock exchange on May 30. According to the price range of ₹364-383, investors can subscribe to a minimum of 39 shares in one lot. The market capitalization of the company is estimated at ₹2,659 crore based on the IPO size of around ₹599 crore. The IPO of Office Space Solutions comprises two types of shares. In the first category, the company will issue new shares valued at ₹128 crore. The second category involves an Offer for Sale (OFS), where existing shareholders are selling their shares, amounting to 1,22,95,699 shares worth ₹490.72 crore.
What Does the Company Do?
Office Space Solutions offers flexible workspace options for various companies throughout India. It caters to the needs of all types of organizations, from small startups to large multinational corporations. Customers can rent a single desk or an entire office space for their teams.
Rapid Growth in Office Space
The industry in which Office Space Solutions operates has experienced significant growth over the past two decades. Before 2003, the total office space in the country was about 4.6 crore square feet, which has surged more than 18 times to 83.2 crore square feet by December 2023. The shares available in the Office Space Solutions IPO are divided into three segments. Institutional bidders, such as large banks and insurance companies, can purchase 75% of the shares. Non-institutional investors can acquire 15%, while the remaining 10% is allocated for retail investors.
What Will the Company Do with the Funds?
Office Space Solutions intends to utilize the proceeds from the share sale to open new offices and expand its operations. Additionally, the funds will help cover daily operational expenses. Currently, the company’s stock is trading with a ₹165 premium in the grey market. IPO allotment is expected by May 28, with the company anticipated to list on the stock market on May 30.
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Anil Ambani’s Company Shares Surge Again, Transforming Rs 1 Investment into Wealth
Multibagger Stock: Anil Ambani, once among the wealthiest individuals in India and globally, has faced significant challenges over the past few years. However, the shares of Reliance Power are currently experiencing a steady upward trend.
Reliance Power Share Price: The stock of Reliance Power, owned by Anil Ambani, has been experiencing significant growth recently. The younger Ambani’s Reliance Power reached an upper circuit limit on Tuesday. Despite Anil Ambani’s struggles in recent years, the share price of Reliance Power is on a continuous upswing. On Tuesday, the company’s stock reached Rs 25.63 after a 5 percent increase. Over the last four years, the stock has experienced a series of rises.
The stock dipped below Rs 28
In April, the stock traded around Rs 28 but has since seen fluctuations, with a recent rebound. Over the past four years, the share price has climbed from Rs 1 to Rs 34. Currently, it is hovering around Rs 26. Four years ago, on March 27, 2020, the share was priced at Rs 1.13. As of Tuesday (May 14), it is trading at Rs 25.63, and trading has ceased due to the imposition of an upper circuit.
The 5 percent upper circuit applied to the stock on Tuesday
It opened at Rs 24.60 on Tuesday morning and subsequently increased by 5 percent to Rs 25.63, after which it halted trading. During the session, the stock also reached a low of Rs 24.59. If an investor had put in one lakh four years ago, their investment would now exceed 22 lakhs. The share price was Rs 1.13 on March 27, 2020, so investing one lakh would have yielded 88,495 shares. At today’s valuation, this investment would be worth Rs 2,268,126, showcasing impressive returns over four years.
Shares rose 132% in one year
Reliance Power’s shares have surged by 132 percent in the past year. On April 18, 2023, the share was valued at Rs 12.38 and has climbed to Rs 25.63 by May 14, 2024. Furthermore, the stock has appreciated by 58 percent over six months, rising from Rs 18 to above Rs 25 during that time. The 52-week high for the company’s shares is Rs 34.35, while the low is Rs 11.06.
