The initial public offer i.e. IPO of Office Space Solutions Limited will open for public subscription next week. Retail investors will be able to bid for this IPO from May 22 to May 27. The company wants to raise a total of ₹598.93 crore through this issue. For this, the company will issue 3,342,037 new shares worth ₹128 crore. At the same time, the existing investors of the company will sell 12,295,699 shares worth ₹ 470.93 through Offer for Sale i.e. OFS. If you are also planning to invest money in this IPO, then we are telling you how much you can invest in it. What is the minimum and maximum amount that retail investors can invest? For this IPO, the retail investor will have to apply for a minimum of one lot i.e. 39 shares. The company has fixed the IPO price band at ₹364-₹383 per share. If you apply for 1 lot as per the upper price band of IPO of ₹ 383, then you will have to invest ₹ 14,937. Retail investors can bid for a maximum of 13 lots i.e. 507 shares, for which they will have to invest ₹194,181. Office Space Solutions Limited has reserved 10% of the issue for retail investors and 75% of the issue has been reserved for Qualified Institutional Buyers (QIB). Apart from this, about 10% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII). You can get 19.58% return on investment. Before the IPO opened, the company’s shares have reached a premium of 19.58% i.e. ₹ 75 per share in the gray market. In such a situation, according to the upper price band of ₹ 383, its listing can be at ₹ 458. The company will use the funds to expand its business. The company will use the funds raised through Office Space Solutions IPO to expand its business. Along with this, the company will also use this fund to meet capital requirements and general corporate objectives. Office Space Solutions provides office space for coworking to startups, SMEs, MNCs and large corporate companies.
