There is a competition to invest money in this IPO, 150 rupees profit is seen on every share

New Delhi. The IPO of Office Space Solutions, a company providing co-working space solutions, opened yesterday i.e. on 22 May. This issue is getting strong support from investors. The IPO was filled 2.07 times on the very first day. Retail investors are investing heavily in this IPO. On the first day, the portion reserved for retail investors was filled 6.26 times. Similarly, the portion reserved for institutional buyers (QIB) was filled 0.30 times and the portion reserved for non-institutional investors was filled 2.79 times on the first day. Investors can bid for the shares of this IPO till 27 May. Even in the grey market, the shares of this IPO are trading at a premium of 39 percent.

In the Office Space Solutions IPO, 75 percent of the share has been reserved for qualified institutional buyers (QIB). 15 percent has been reserved for non-institutional investors and 10 percent for retail investors. Through this issue, the company wants to raise Rs 599 crore from the market. Fresh equity shares worth Rs 128 crore have been issued under the IPO. Apart from this, shares worth Rs 470.93 crore will be sold under Offer for Sale (OFS).

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You can get Rs 150 listing gain on every share
Along with the investors placing bids, the shares of Office Space Solutions IPO are also getting tremendous support in the grey market. The grey market price of unlisted shares of the IPO is continuously increasing. According to IPO Watch, a website that keeps an eye on the grey market, today i.e. on Thursday, the shares of Office Space IPO are trading at a premium of Rs 150. This means that investors can get 39 percent listing gain. Five days ago, i.e. on May 19, the GMP was Rs 75.

Investors investing in IPOs should keep in mind that it is not necessary that the shares of an IPO are listed in the stock market as per its GMP. GMP keeps changing and it is also possible that the shares of an issue which are trading at a premium in the grey market may get listed at a discount in the market.

The price band is Rs 364-383
The company has fixed a price band of Rs 364-383 per share for the issue. Investors can bid for a minimum of 39 equity shares and its multiples. As per the upper price band, retail investors will have to invest a minimum of Rs 14,937.

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