Awfis Space IPO GMP, Price, Date, Allotment

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Last updated on May 25, 2024

Awfis Space IPO GMP

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.

Awfis Space IPO

Promoters of Awfis Space Solutions – Amit Ramani, and Peak XV Partners Investments V (Formerly known as SCI Investments V)


Awfis Space IPO Details

Awfis Space IPO Dates22 – 27 May 2024
Awfis Space Issue PriceINR 364 – 383 per share
(Employee Discount – INR 36 per share)
Fresh issueINR 128 crore
Offer For Sale1,22,95,699 shares
(INR 447.56 – 470.93 crores)
Total IPO sizeINR 576 – 598.93 crore
Minimum bid (lot size)39 shares (INR 14,937)
Face Value INR 10 per share
Retail Allocation10%
Listing OnNSE, BSE

Awfis Space Solutions Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue178.36257.05545.28616.50
Expenses258.66335.87612.42652.64
Net income(42.64)(57.16)(46.64)(18.94)
Margin (%)(23.91)(22.24)(8.55)(3.07)
Figures in INR Crores unless specified otherwise

Awfis Space Solutions Offer News


Awfis Space Solutions Valuations & Margins

FY 2021FY 2022FY 2023 (Pre Issue)FY 2024 (Post-Issue)*
EPS(6.45)(8.65)(7.06)(3.64)
PE Ratio
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)(28.29)(60.34)(27.54)
NAV22.8114.3325.62
ROCE (%)10.881.7525.26
EBITDA (%)42.0132.2931.12
Debt/Equity0.020.130.06
*Compiled by IPO Central from Prospectus

Awfis Space IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
25 May 20241003,300
24 May 20241003,300
23 May 20241203,750
22 May 20241404,500
21 May 20241254,500
20 May 2024752,100
18 May 2024802,200
17 May 20241002,500

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

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Awfis Space IPO Allotment Status

Awfis Space IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.


Awfis Space IPO Dates & Listing Performance

Awfis Space Solutions IPO Opening Date22 May 2024
Awfis Space Solutions IPO Closing Date27 May 2024
Finalization of Basis of Allotment28 May 2024
Initiation of refunds29 May 2024
Transfer of shares to demat accounts29 May 2024
Awfis Space IPO Listing Date30 May 2024
Opening Price on NSEComing soon
Closing Price on NSEComing soon

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: [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: +91 22 6263 8200
Email:  [email protected]
Website: 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: +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 100 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 3,300 per application.

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