There will be another opportunity to invest money in IPO from May 22. In fact, Office Space Solutions Limited will enter the capital market on Wednesday through initial public offering (IPO) to raise Rs 599 crore. According to this IPO documents of the company, the issue of the company will open on May 22 and close on May 27. The company has fixed the price range for the IPO at Rs 364-383 per share. Investors can bid for a minimum of 39 equity shares in this IPO. After this, you can bid in increments of 39 equity shares.
New shares worth Rs 128 crore will be issued
According to the news, the proposed initial public offering (IPO) will involve issuance of new shares worth Rs 128 crore and will include an offer for sale (OFS) worth Rs 471 crore. This takes the total size of the IPO to Rs 599 crore. In this issue, 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% is reserved for non-institutional buyers and 10% is reserved for retail buyers.
Office Space Solutions Limited offers a variety of office space solutions to meet various needs ranging from personal desk needs to customized office spaces for startups, small and medium enterprises, large corporates and multinational companies.
Who are the promoters of the company?
Office Space Solutions Limited’s promoters Amit Ramani and Peak XV are the promoters of the company while the book-running managers are ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited and MK Global Financial Services Limited. BigShare Services Private Limited is the registrar for the IPO. Employees participating in the Employee Reserve segment have a discount of Rs 36 per equity share. The employee reservation segment includes equity shares totaling up to ₹2 crore. The allotment for the IPO is expected to be finalized by May 28, 2024, while its listing is scheduled for May 30.
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