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Ashish Kacholia-backed Awfis IPO opens on May 22 | management on growth & expansion plans| IPO Watch


Peak XV, Ashish Kacholia, and ChrysCapital-backed Awfis Space Solutions has decided to launch its initial share sale on May 22. The price band for the issue has been fixed at Rs 364-383 per share. The IPO, which is a mix of fresh issuance of shares worth Rs 128 crore and an offer-for-sale (OFS) of shares worth Rs 470 cr by the existing shareholders including promoter Peak XV Partners Investments, will close on May 27. The anchor book of the offer will be opened for a day on May 21. Promoters hold 41.53 percent shareholding in the company, while the public shareholders own 58.47 percent stake. Catch Nandita Khemka in conversation with Amit Ramani, CMD, Awfis Space Solutions on the fund raise, and the company’s growth and expansion plans.