Story continues below Advertisement Remove AdAwfis Space Solutions IPOThis will be the only IPO from the mainboard segment opening in the current week on May 22.
It is a fixed price issue, with issue price at Rs 32 per share.
The issue price is likely to be fixed at the higher price band, i.e.
The grey market seems to be less enthusiastic about Go Digit, as its IPO shares traded at around five-six percent premium over the upper price band, market observers said.
The grey market is an unofficial platform for trading in IPO shares till the listing.
Awfis Space Solutions IPO to hit Dalal Street this week
Action in the primary market will continue in the current truncated week as well, starting from May 21, given the ongoing optimism in the benchmark indices as well as broader markets despite rising volatility ahead of general elections results.
Only two companies - one from the mainboard segment and other from SME segment - will be coming out with initial public offerings during the week, while on the listing front, there will be total eight firms making their debut on the bourses.
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Awfis Space Solutions IPO
This will be the only IPO from the mainboard segment opening in the current week on May 22. The workspace solution provider is planning to raise Rs 599 crore through its maiden public issue at the upper price band, comprising a fresh issue of Rs 128 crore worth shares, and an offer-for-sale of 1.23 crore equity shares worth Rs 470.93 crore by selling shareholders including promoter Peak XV Partners Investments V.
Also read: Awfis Space Solutions IPO: 10 things to know before subscribing to the Rs 598-cr issue
Peak XV, Ashish Kacholia, and ChrysCapital-backed Awfis Space Solutions has fixed the price band at Rs 364-383 per share for its IPO which will close on May 27.
GSM Foils IPO
In the SME segment, the strip foils maker will launch its Rs 11-crore initial share sale on May 24 and close on May 28. It is a fixed price issue, with issue price at Rs 32 per share.
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The IPO consists of only a fresh issue of 34.4 lakh equity shares by the company. GSM Foils makes strip foils for packaging pharmaceutical medicines such as capsules and tablets.
Listings
Meanwhile, Go Digit General Insurance is the only company from the mainboard segment making its debut on the bourses this week on May 23. The issue price is likely to be fixed at the higher price band, i.e. at Rs 272 per share.
The grey market seems to be less enthusiastic about Go Digit, as its IPO shares traded at around five-six percent premium over the upper price band, market observers said. The grey market is an unofficial platform for trading in IPO shares till the listing.
The Rs 2,615-crore public issue was subscribed 9.6 times during May 15-17, with qualified institutional buyers buying the most at 12.56 times the allotted quota, followed by non-institutional investors who picked 7.24 times the portion set aside for them and investors in the retail category bought 4.27 times the reserved portion.
Further, there will be lot of action in the SME segment as total seven companies will list their shares with ABS Marine Services, Veritaas Advertising, and Mandeep Auto Industries making their debut on the NSE Emerge on May 21.
Indian Emulsifier will list its shares on the NSE Emerge on May 22, while the trading in Quest Laboratories will commence on the NSE Emerge on May 23.
HOAC Foods India, and Rulka Electricals, which are yet to close the subscription for their public issues, will debut on the NSE Emerge on May 24. Both IPOs will close on May 21.
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