Shares of co-working space operator Awfis Space Solutions were listed on Thursday at a premium of over 13 per cent against the issue price of Rs 383. The stock started trading at Rs 435 on the NSE, reflecting a 13.58 per cent increase from the issue price, and later climbed to Rs 447.80, marking a 15.68 per cent increase. On the BSE, it listed at Rs 432.25, showing a jump of 12.86 per cent. The company’s market valuation stood at Rs 3,108.61 crore on the NSE and at Rs 3,080.50 crore on the BSE. The IPO of Awfis Space Solutions was oversubscribed by 108.17 times on the closing day of the share-sale, with a price band of Rs 364-383 per share. The Rs 599 crore initial share sale proceeds will be used for funding capital expenditure towards setting up new centers, supporting working capital requirements, and general corporate purposes. Awfis provides flexible workspace solutions, catering to individual flexible desk needs as well as customized office spaces for corporates.
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