Awfis Space Solutions IPO: Subscription window closes today; should you apply? Here is what market guru Anil Singhvi recommends

Awfis Space Solutions IPO review: Workspace solution provider Awfis Space Solutions' initial public offering (IPO) which opened for subscription on May 22 is set to conclude today, May 27 at 5 pm. The price band of the issue is set at Rs 364 to Rs 383 per share. The minimum lot size for an application is 39 shares. Therefore, the minimum amount of investment required by retail investors is Rs 14,937. Find out what Zee Business Managing Editor Anil Singhvi says about Awfis Space Solutions IPO.

Awfis Space Solutions IPO review: Should you apply or not? Here's what Anil Singhvi recommends

According to Zee Business Managing Editor Anil Singhvi, very high risk-taking investors should apply to the issue for long term or consider buying post listing. The market guru listed the following positives and negatives of the issue: 

Positives:

• Unique business model
• Strong growth track record
• Impressive anchor book and Pre-IPO Investors
• Experienced promoters

Negatives:

• Loss-making company
• Volatile Cash flows
• Competitors like WeWork, Coworking Spaces, etc. are regularly loss-making companies
• Law entry barriers and competition from unorganised players
• Expensive valuations

Awfis Space Solutions IPO allotment date

The basis of the allotment of shares under the IPO of Awfis Space Solutions is set to be finalised tomorrow, May 28. 

Awfis Space Solutions IPO listing date

The Awfis Space Solutions IPO stock is likely to be listed in the secondary market on Thursday, May 30. The stock will be traded on BSE and NSE.

What does Awfis Space Solutions do?

Incorporated in 2014, Awfis Space Solutions is a workspace solution provider in India.The company offers a wide range of flexible workspace solutions, catering to the needs of individuals, start-ups, SMEs, and large corporations.

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