Major workspace solution provider, Awfis Space Solutions, in one of the recent developments has decided to extend the closing date of the initial public offering (IPO) from May 24 to May 27 despite it being fully subscribed across categories. However, there is no change in the price. It remains unchanged at Rs 364-383 per share.According to the sources, the IPO includes a fresh issue of 3,342,037 equity shares worth Rs 128 crore and an Offer-for-Sale (OFS) of 12,295,699 shares worth Rs 470.93 crore. The total IPO size is Rs 598.93 crore. The share will be allotted on May 28 and the IPO will be listed on May 30 on the stock exchanges. The price band is set at Rs 364 to Rs 383 and the lot size is 39 shares.Established in 2014, the flexible workspace provider for start-ups, SMEs, and large corporations is looking for a double-digit Grey Market Premium (GMP) that suggests significant demand and optimism among investors for the companys shares even before they hit the market.What to expect from Awfis Space Solutions IPOBusiness Model: Awfis Space Solutions operates in the flexible workspace industry, offering co-working spaces and shared office solutions. The demand for flexible workspaces has been increasing, especially with the rise of remote work and the gig economy. Investors might be interested in Awfiss business model and its potential for growth in this market.Financial Performance: Investors will likely scrutinize Awfiss financial performance, looking at factors such as revenue growth, profitability, and cash flow. Strong financials could indicate a healthy and growing business, which could attract investor interest.Competitive Landscape: The coworking industry is competitive, with several players vying for market share. Investors will consider how Awfis differentiates itself from competitors and its ability to maintain or expand its market position.Investor Demand: The level of demand for Awfiss IPO shares, as indicated by the Grey Market Premium (GMP) and subscription numbers during the IPO period, can provide insights into investor sentiment and the potential for a successful debut on the stock market.Overall, investors can expect a mix of factors to influence the performance of the Awfis Space Solutions IPO, including the companys financials, market conditions, competitive landscape, and investor demand.
