May 30, 2024, or today, has been set aside as the listing date for Awfis Space Solutions Ltd's initial public offering (IPO). As stated on the BSE website, with effect from Thursday, May 30, 2024, the equity shares of Awfis Space Solutions Limited will be admitted to trading on the BSE and NSE under the 'B' Group of Securities list following listing. The grey market, where IPO shares are exchanged before they are formally listed, is indicating a significant premium while fortunate allottees are occupied evaluating the Awfis Space Solutions IPO listing gain. Stock market watchers report that the IPO GMP (grey market premium) for Awfis Space Solutions is now ₹127, indicating that the grey market anticipates an IPO listing price of around ₹510 per share.
Prediction of Awfis Space Solutions' IPO listing price
Speaking about the prospects for the Awfis Space Solutions IPO listing, Research Analyst Shreyansh V Shah of StoxBox said, "We expect a big listing of the issue upon its debut on the bourses, with a strong oversubscription of roughly 108.2 times." Our prediction is that shares will list for about ₹500 each, which is a significant increase from the ₹383 issued price and suggests a potential upside of almost 30 percent." Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, boldly said, "We anticipate a listing at around ₹510 to ₹520 per share, which could result in a listing gain of approximately 33 percent," when questioned about the possible listing range for Awfis Space Solutions today.
VLA Ambala, SEBI Registered Research Analyst and Co-Founder of Stock Market Today, reiterated the market's optimistic assessment of the debut of Awfis Space Solutions shares by saying, "The company saw a spike in revenue of 103% and a rise in PAT of 18.4% between FY2022-23, despite a negative net profit and a four-fold increase in total borrowing between 2021 and 2023." Awfis Space Solutions shares may list for about ₹520 per equity share in a bull market.
IPO GMP of Awfis Space Solutions today
Observers of the stock market claim that shares of Awfis Space Solutions Limited are now trading in the grey market at a premium of ₹127. Accordingly, the grey market anticipates that the share listing for Awfis Space Solutions will be around ₹510 (₹283 + ₹127), or about 33 percent more than the public issue's upper price range.
