Ashish Kacholia Portfolio: A new guest has joined the portfolio of Ashish Kacholia, who is called the Big Whale of the market, in the June quarter. However, the special thing is that he did not buy it in the June quarter, but it was already included in his portfolio, the listing of the shares has just happened in the June quarter, so it is now visible in his portfolio. This stock is of Office Space Solutions (Awfis Space Solutions), which provides office space. Its shares were listed in the domestic stock market on 30 May 2024. This share was issued to IPO investors at a price of Rs 383 and now it is at Rs 728.05 (closing price on BSE on September 13), that is, IPO investors are in 90 percent profit.
How much profit is Ashish Kacholia making?
Office Space Solutions shares have increased the capital of IPO investors by 90 percent in three and a half months. Now talking about Ashish Kacholia, he has 33,51,321 equity shares of it. He got these shares by exchanging Compulsory Convertible Cumulative Preference Shares (CCPS) of Series E. These shares were issued on 25 April 2024 at a price of Rs 144.27, that is, Ashish Kacholia is currently in profit of 404.64 percent, that is, his investment has increased more than 5 times.
About Awfis Space Solutions
Now talking about the company, Office Space Solutions, formed in December 2014, provides workspace solutions to individuals, startups, SMEs and large companies. Apart from this, it also provides supporting services like food and beverages, IT support, infra services and event hosting. As per the data till December 2023, it has 169 centers in 16 cities of the country with 1,05,258 seats and 53.3 lakh square feet of chargeable area. Apart from this, 25,312 seats are under fit-out in a chargeable area of 12.3 lakh square feet at 31 centers.