Liquidity Events
Awfis Space Solutions IPO subscribed 11.40 times
The initial public offer (IPO) of Awfis Space Solutions was subscribed 11.40 times receiving 9,83,73,951 bids for shares as against 86,29,670 shares on offer. The price band of the IPO was fixed at INR 364 to 383 per share. The offer comprises fresh issue of equity shares up to INR 128 crore and an offer for sale of 12,295,699 equity shares (worth about INR 470.93 crore).Peak XV Partners - via Peak XV Partners Investments V (previously known as SCI Investments V), is to sell up to 6,615,586 equity shares (worth INR 253.38 crore at the higher end of the IPO price band) while ChrysCapital is to sell 5,680,113 shares (5,594,912 shares via Bisque Ltd and 85,201 shares via Link Investment Trust, worth INR 217.55 crore in aggregate).Of the total net proceeds from the fresh issue, about INR 42.03 crore is for funding capital expenditure towards establishment of new co-working centres and INR 54.37 crore for funding working capital requirements and for general corporate purposes.Awfis Space Solutions is a flexible workspace solutions company with presence in 52 micro markets across 16 cities in India.
Between Apr-17 and Dec-22, Awfis had raised over USD 95 M from Peak XV Partners, The Three Sisters, ChrysCapital, InnoVen Capital, Havells Family Office and Others
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