Awfis early trades on the NSE, had hit a high of Rs 451.45 apiece. Stock exchange data shows, Awfis IPO closed on May 27, receiving bids for more than 936.8 million shares against the 8.62 million shares on offer.
Awfis Space Solutions, an office-sharing company, wrapped up its hugely popular IPO on Monday. Investor demand was through the roof, with subscriptions exceeding the offered shares by over 108 times.
After a three-month hiatus, new fund offerings (NFOs) have made a strong comeback with asset management companies launching over two dozen mutual fund schemes in July.
The new funds have been launched across the board actively managed equity funds, debt, index funds and exchange-traded funds (ETFs). Interestingly, passively managed funds, particularly ETFs, continue to dominate the NFO market.
After a temporary pause, asset management companies are gearing up to launch new mutual fund schemes from the next month as capital markets regulator Sebi's three-month ban on the introduction of new fund offerings nears its end.
Moreover, asset management companies (AMCs) have a line-up of passive funds on the fixed income and equity side as well as selective launches in certain categories to fill product gaps.