Awifs Space Solutions got listed today and it was a good listing too – as against the IPO price of Rs.383, it got listed on the BSE at Rs.432.25 and went up to Rs.451.45; it is currently trading at Rs.441 levels.

The company offers coworking spaces, enterprise solutions & ultimate mobility solutions. The IPO was overall subscribed 108.56x, with HNIs taking a huge chunk at 129.81x, followed by QIBs at 116.95x and Retail at 54.58x.

Our conclusion in the IPO Analysis was - Awfis’ business model has demonstrated healthy growth, but in-line valuation and potential selling pressure from shareholders limit the upside potential. Hence one can skip the IPO and look for better opportunities in the secondary market.