The next week starting May 27 will be quiet for the mainboard sector as no new public issues will open, but activity in the SME sector will remain strong with plans to launch five IPOs.
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Awfis Space Solutions will close its initial share sale of Rs 599 crore on May 27. In the last three days starting May 22, the public issue was subscribed 11.4 times with participation from different categories of investors.
The workspace solutions provider will also make its debut on stock exchanges next week on May 30. Market watchers said that in the gray market, IPO shares were available at about 25-30 per cent above the top price band (Rs 383 per share). He said. The gray market is an informal platform where IPO shares are traded until listing.
