Awfis Space IPO Description – As of December 2023, Awfis Space Solutions is India’s largest flexible workspace solutions company in terms of the total number of centers. The company offers a broad spectrum of flexible workspace solutions from meeting a freelance professional’s flexible desk needs to a tailor-made office for a start-up, small and medium enterprises (SMEs), and large corporate or Multinational corporations.
As of 31 December 2023, Awfis Space had 169 total centers across 16 total cities in India, with 1,05,258 total seats and a total chargeable area of 5.33 million sq. ft., of which, 31 centers and 25,312 seats were under fit-out with chargeable area aggregating to 1.23 million sq. ft. As of the same date, the company has over 2,295 clients and a presence in 52 micro markets in India.
The company’s space owners include Prestige Estate Projects Limited, Nyati Projects Landmark (Pune) / Nysha Builders LLP, Vajram Holdings Private Limited, Majestic Auto Limited, Prabhakar Rao Asha Priya Properties Private Limited, and R B Diversified Private Limited.
Promoters of Awfis Space Solutions – Amit Ramani, and Peak XV Partners Investments V (Formerly known as SCI Investments V)
Table of Contents
Awfis Space IPO Details
| Awfis Space IPO Dates | 22 – 27 May 2024 |
| Awfis Space Issue Price | INR 364 – 383 per share (Employee Discount – INR 36 per share) |
| Fresh issue | INR 128 crore |
| Offer For Sale | 1,22,95,699 shares (INR 447.56 – 470.93 crores) |
| Total IPO size | INR 576 – 598.93 crore |
| Minimum bid (lot size) | 39 shares (INR 14,937) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Awfis Space Solutions Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 178.36 | 257.05 | 545.28 | 616.50 |
| Expenses | 258.66 | 335.87 | 612.42 | 652.64 |
| Net income | (42.64) | (57.16) | (46.64) | (18.94) |
| Margin (%) | (23.91) | (22.24) | (8.55) | (3.07) |
Awfis Space Solutions Offer News
- Awfis Space Solutions IPO: 10 Key Points About Ashish Kacholia-Backed IPO
- Awfis Space RHP
- Awfis Space DRHP
- Awfis Space Solutions IPO DRHP filed, PE Investors to Exit
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Awfis Space Solutions Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | (6.45) | (8.65) | (7.06) | (3.64) |
| PE Ratio | – | – | – | – |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | (28.29) | (60.34) | (27.54) |
| NAV | 22.81 | 14.33 | 25.62 |
| ROCE (%) | 10.88 | 1.75 | 25.26 |
| EBITDA (%) | 42.01 | 32.29 | 31.12 |
| Debt/Equity | 0.02 | 0.13 | 0.06 |
Awfis Space IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 29 May 2024 | 120 | – | 3,600 |
| 28 May 2024 | 120 | – | 3,600 |
| 27 May 2024 | 110 | – | 3,400 |
| 25 May 2024 | 100 | – | 3,300 |
| 24 May 2024 | 100 | – | 3,300 |
| 23 May 2024 | 120 | – | 3,750 |
| 22 May 2024 | 140 | – | 4,500 |
| 21 May 2024 | 125 | – | 4,500 |
| 20 May 2024 | 75 | – | 2,100 |
| 18 May 2024 | 80 | – | 2,200 |
| 17 May 2024 | 100 | – | 2,500 |
Awfis Space Solutions IPO Objectives
The company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding capital expenditure towards establishment of new centers – INR 42.03 crore
- Funding its working capital requirements – INR 54.37 crore
- General corporate purposes
Awfis Space IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 46,75,656 | 23,37,827 | 15,58,551 | 57,636 | 86,29,670 |
| 27 May 2024 | 116.95 | 129.26 | 53.14 | 24.61 | 108.15 |
| 24 May 2024 | 3.39 | 20.99 | 21.11 | 10.48 | 11.41 |
| 23 May 2024 | 116.95 | 6.82 | 12.27 | 6.81 | 4.28 |
| 22 May 2024 | 0.30 | 2.76 | 6.04 | 3.53 | 2.03 |
Awfis Space IPO Allotment Status
Awfis Space IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Awfis Space IPO Dates & Listing Performance
| Awfis Space Solutions IPO Opening Date | 22 May 2024 |
| Awfis Space Solutions IPO Closing Date | 27 May 2024 |
| Finalization of Basis of Allotment | 28 May 2024 |
| Initiation of refunds | 29 May 2024 |
| Transfer of shares to demat accounts | 29 May 2024 |
| Awfis Space IPO Listing Date | 30 May 2024 |
| Opening Price on NSE | INR 435 per share (up 13.58%) |
| Closing Price on NSE | INR 421.75 per share (up 10.12%) |
Awfis Space IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi – Subscribe
Axis Capital – Not Rated
Arihant Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Avoid
Choice Broking – Subscribe
Dalal & Broacha –
Elite Wealth – Apply for listing gains
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities – Subscribe
ICICIdirect –
Investmentz –
Jainam Broking – Subscribe for long term
DR Choksey –
Marwadi Financial – Subscribe
Mehta Equities – Subscribe
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities – Subscribe for listing gains
SBI Securities – Subscribe for long term
SMC Global – 2/5
SMIFS – Subscribe
Sushil Finance – May Apply
Swastika Investmart – Neutral
Systematix Group – Unrated
Ventura Securities – Subscribe
Awfis Space Offer Lead Manager
AXIS CAPITAL LIMITED
1st Floor, Axis House C-2 Wadia International Center
Pandurang Budhkar Marg, Worli Mumbai – 400 025 Maharashtra
Phone: +91 22 4325 2183
Email:Â [email protected]
Website: www.axiscapital.co.in
Awfis Space Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Awfis Space Solutions IPO Contact Details
AWFIS SPACE SOLUTIONS LIMITED
C-28-29, Kissan Bhawan,
Qutab Institutional Area, New Delhi 110 016
Phone:Â +91 11 4106 1878
Email: [email protected]
Website: www.awfis.com
Awfis Space Solutions IPO FAQs
How many shares in Awfis Space IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for an Awfis Space Public Offer?
The best way to apply for Awfis Space’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Awfis Space IPO GMP today?
Awfis Space IPO GMP today is INR 120 per share.
What is Awfis Space kostak rate today?
Awfis Space kostak rate today is INR NA per application.
What is Awfis Space Subject to Sauda rate today?
Awfis Space Subject to Sauda rate today is INR 3,600 per application.
