Awfis Space IPO: Profit of 2-2 thousand on each lot!!!
Awfis Space IPO: Profit of 2-2 thousand on each lot!!!Office Space Solutions, a company offering flexible services related to workspace has made good money for the investors who showed faith in its IPO. After the IPO closed this week, the shares of the workspace company were listed on the domestic market today on Thursday. The company made a good start to the market with a 13 percent premium. The IPO of office Space Solutions was launched on May 22 and was open for subscription till May 27. In the IPO, the company had fixed a price band of Rs 364 to Rs 383 per share. 39 shares were kept in one lot of the IPO. In this way, an investor needed at least Rs 14,937 to invest in the IPO of office Space Solutions.This much was earned on each lotAfter listing, one share of office Space Solutions has become Rs 435. This means that the value of each lot of the IPO is now Rs 16,965. That is, the investors of the IPO have made a net profit of Rs 2,028 in a week.This was the data-size of the IPOThe total data-size of the office Space Solutions IPO was Rs 598.93 crore. The IPO included both fresh issue of shares and offer for sale. This IPO of about Rs 600 crore had a fresh issue of shares worth Rs 128 crore, while the share of Rs 470.93 crore was offer for sale.Great response in every categoryThis IPO got a great response in the stock market. The IPO was readily accepted by investors of all categories. The highest subscription of 129.27 times came in the NII category, while in the QIB segment the IPO was subscribed 116.95 times. Retail investors subscribed the IPO 53.23 times, while the portion reserved for employees was subscribed 24.68 times. Thus, it was subscribed 108.17 times overall.