Awfis Space Solutions IPO: The initial public offering (IPO) of Awfis Space Solutions Ltd is set to list today, May 30, 2024. According to the BSE website, the equity shares of Awfis Space Solutions Limited will be listed and available for trading on both the BSE and NSE under the ‘B’ Group of Securities. As investors eagerly evaluate the potential listing gains, the grey market—where IPO shares are traded before official listing—indicates a strong premium. The grey market premium (GMP) for Awfis Space Solutions’ IPO today is ₹127, suggesting a predicted listing price of around ₹510 per share.
Awfis Space Solutions IPO Listing Price Predictions
Shreyansh V Shah, Research Analyst at StoxBox: Shah noted that with the IPO being oversubscribed by approximately 108.2 times, a significant debut is anticipated. He predicts the shares will list at around ₹500 per share, which represents a 30% increase from the issue price of ₹383.
Amit Goel, Co-Founder and Chief Global Strategist at Pace 360: Goel forecasts a listing price between ₹510 and ₹520 per share, translating to a listing gain of about 33%.
VLA Ambala, SEBI Registered Research Analyst and Co-Founder of Stock Market Today: Ambala shares a bullish outlook despite the company’s net profit being negative and a fourfold increase in borrowing between 2021 and 2023. With revenue increasing by 103% and PAT rising by 18.4% between FY2022-23, Ambala predicts the shares could list around ₹520 per equity share.
Awfis Space Solutions IPO Grey Market Premium Today
Stock market observers report that shares of Awfis Space Solutions Limited are trading at a premium of ₹127 in the grey market today. This indicates an expected listing price of around ₹510 (₹383 issue price + ₹127 GMP), representing a 33% premium over the upper price band of the public issue.
The #NSEBell has rung in the celebration of the listing of “Awfis Space Solutions Limited” at our exchange @nseindia.#NSEIndia #listing #IPO #StockMarket #ShareMarket #AwfisSpaceSolutionsLimited @ashishchauhan pic.twitter.com/d3SJ2qoeE3
— NSE India (@NSEIndia) May 30, 2024