Active Stocks
Thu Jun 20 2024 13:54:33
  1. Tata Steel share price
  2. 182.15 1.17%
  1. HDFC Bank share price
  2. 1,668.85 0.65%
  1. ITC share price
  2. 423.85 0.04%
  1. Tata Motors share price
  2. 978.65 0.13%
  1. State Bank Of India share price
  2. 846.40 -0.73%
Business News/ Markets / Ipo/  Awfis Space Solutions IPO listing date today. GMP, experts signal strong debut of shares
BackBack

Awfis Space Solutions IPO listing date today. GMP, experts signal strong debut of shares

Awfis Space Solutions IPO GMP: The grey market is signalling that Awfis Space Solutions IPO listing price would be around ₹510, say market observers

Awfis Space Solutions IPO listing price: In a bullish scenario, we could see Awfis Space Solutions shares listing around ₹520 per equity share, say stock market experts. (https://www.awfis.com/)Premium
Awfis Space Solutions IPO listing price: In a bullish scenario, we could see Awfis Space Solutions shares listing around 520 per equity share, say stock market experts. (https://www.awfis.com/)

Awfis Space Solutions IPO: The listing date of the initial public offering (IPO) of Awfis Space Solutions Ltd has been fixed on May 30 2024, i.e. today. As per the information on the BSE website, effective from Thursday, May 30, 2024, the equity shares of Awfis Space Solutions Limited shall be listed and admitted to dealings on the BSE and NSE in the list of 'B' Group of Securities. As lucky allottees are busy assessing the Awfis Space Solutions IPO listing gain, the grey market, a market where IPO shares are traded before they are officially listed, is signalling a strong premium. According to stock market observers, Awfis Space Solutions IPO GMP (grey market premium) today is 127, meaning the grey market expects that Awfis Space Solutions' IPO listing price would be around 510 apiece mark.

Also Read: Trade setup for stock market today: Five stocks to buy or sell on Thursday

Awfis Space Solutions IPO listing price prediction

Discussing the potential of the Awfis Space Solutions IPO listing, Shreyansh V Shah, Research Analyst at StoxBox, expressed, "With a robust oversubscription of about 108.2 times, we anticipate a significant listing of the issue upon its debut on the bourses. We project shares to list at around 500 per share, a substantial increase from the issued price of 383, implying a promising upside of about 30 percent."

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 30

When asked about the potential listing range for Awfis Space Solutions today, Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, confidently stated, “We anticipate a listing at around 510 to 520 per share, which could result in a listing gain of approximately 33 percent."

Infographic: Courtesy mintgenie
View Full Image
Infographic: Courtesy mintgenie

Reaffirming the market's positive outlook on the debut of Awfis Space Solutions shares, VLA Ambala, SEBI Registered Research Analyst and Co-Founder of Stock Market Today, explained, "Despite the company's net profit being negative and total borrowing increasing by 4x between 2021 and 2023, its revenue surged by 103% and PAT rose by 18.4% between FY2022-23. In a bullish scenario, we could see Awfis Space Solutions shares listing around 520 per equity share."

Awfis Space Solutions IPO GMP today

According to stock market observers, shares of Awfis Space Solutions Limited are available at a premium of 127 in the grey market today. This means the grey market expects that Awfis Space Solutions' share listing will be around 510 ( 283 + 127), which is around 33 percent higher than the upper price band of the public issue.

Disclaimer: The views and recommendations above are those of individual analysts, experts, and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results. Explore the latest updates here!

ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 30 May 2024, 06:43 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started