Awfis, TBO Tek get SEBI nod for IPOs; companies plan to raise ₹160 crore and ₹400 crore, respectively

Also Read | BSE SME IPO index stages a remarkable recovery to scale new highs in April

Awfis’ IPO includes a fresh issue totaling ₹160 crore, accompanied by an Offer For Sale (OFS) of up to 10.02 million equity shares. The OFS consists of shares up to 5,011,586 from Peak XV Partners Investments V, around 4,936,412 shares by Bisque Limited, and approximately 75,174 shares by Link Investment Trust.

The company plans to use the proceeds for capital expenditure on new centers, bolstering working capital, and other general corporate purposes. 

Also Read | Shivam Chemicals IPO: Issue subscribed 35% so far on day 1; check GMP today, price band, other key details of SME IPO

The issue is managed by book runners ICICI Securities Limited, Axis Capital Limited, IIFL Securities, and Emkay Global Financial Services Limited, reflecting strong institutional support and confidence in Awfis’s business model and market potential.

Also Read | Multibagger IPO: BSE SME stock Khazanchi Jewellers gives 140% return to allottees in nine months

Online travel distribution platform TBO Tek’s November 2023 filing with SEBI has detailed a fresh issuance of shares worth ₹400 crore and an offer-for-sale (OFS) of 1.56 crore equity shares by its promoters and investors. 

Also Read | Will anchor investors desert as mega IPO lock-ins expire?

Notable selling shareholders include Gaurav Bhatnagar, Manish Dhingra, LAP Travel, TBO Korea, and Augusta TBO. Axis Capital, Goldman Sachs (India), JM Financial, and Jefferies India are book running lead managers of the issue. KFin Technologies is the registrar.

Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!

Published: 23 Apr 2024, 02:21 PM IST