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Awfis Shares Unlocked: ₹750 Cr Potential Flood
1 Dec
Summary
- 14 million Awfis shares become tradeable on December 1.
- Shares eligible for trading are valued at ₹750 crore.
- Awfis stock is down 11% in the past month.
On December 1, Awfis Space Solutions shares enter a new phase as their extensive shareholder lock-in period concludes. This pivotal moment unlocks 14 million shares, representing a potential market value of ₹750 crore, making them eligible for trading on the open market. Investors will be closely watching the stock's reaction to this significant supply increase.
The company has seen shifts in its ownership structure, with promoter shareholding decreasing to 17% as of September. Meanwhile, Indian mutual funds remain substantial stakeholders, holding 33.92% of the company's shares, with prominent funds like HDFC Small Cap Fund and Nippon India Value Fund being major investors.
Despite the upcoming share unlock, Awfis stock has experienced a downturn, currently trading 11% lower over the last month and 25% down for the year. However, it maintains a 39% gain compared to its initial IPO price, indicating underlying resilience in its market performance.
