Office Space Solutions shares were listed on Thursday. Office Space Solutions shares opened at Rs 435 per share on the National Stock Exchange (NSE), up 13.58 per cent from the issue price of Rs 383. Office Space shares opened at Rs 432.25 per share on the Bombay Stock Exchange (BSE) today, up 12.86 per cent from the issue price. Market experts had predicted Office Space Solutions shares to open between Rs 500 and Rs 510 per share.
108.56 subscriptions were received
According to the news, according to BSE data, the company’s initial public offering received 108.56 subscriptions on the last day of bidding i.e. May 27. The retail investor segment was subscribed 54.58 times, while the non-institutional investor quota was subscribed 129.81 times. The section allocated for qualified institutional buyers (QIBs) had 116.95 subscriptions. The employee segment has been booked 25.20 times. Let us tell you, Office Space Solutions IPO raised a little more than Rs 268 crore from anchor investors.
These are the promoters of the company
Amit Ramani and Peak XV are the promoters of Office Space Solutions Ltd. The book-running managers are ICICI Securities Ltd, Axis Capital Ltd, IIFL Securities Ltd and Emkay Global Financial Services Ltd. The registrar for the IPO is Bigshare Services Pvt Ltd. A total of 93,34,36,374 shares were bid for against a total offer of 86,29,670 shares under the Rs 599 crore IPO. The price range for the IPO was fixed at Rs 364-383 per share.
what is the current share price
At 11:34 am, the share price of Office Space Solutions was trading at Rs 442.70 on the BSE, while on the NSE it was trading at Rs 442.65. The stock is currently trading above its listing value.
Latest Business News