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Demand for office real estate has been on the rise post-pandemic. When it comes to investing in the space, investors are spoilt for choice — REITs, EFC (I) and Awfis Space Solutions, which got listed at a 13% premium on exchanges. As REITs generate stable returns, will flexible workspace firms capture growth in office properties?
Awfis early trades on the NSE, had hit a high of Rs 451.45 apiece. Stock exchange data shows, Awfis IPO closed on May 27, receiving bids for more than 936.8 million shares against the 8.62 million shares on offer.
Troubled fintech Paytm reported its first quarterly earnings after the RBI banned its payments bank in January. This and more in todays ETtech Top 5.
Awfis Space Solutions IPO: The price band for the issue has been fixed at Rs 364-383 per share.
The company expects its differentiated business model, expanding presence in tier-1 and tier-2 cities and increasing demand from large enterprises and startups to help make its public listing a success and drive future growth, founder and managing director Amit Ramani told ET on the sidelines of a pre-IPO conference in Mumbai.