Awfis Space Solutions IPO Date, Details, Allotment, Review

The Awfis Space Solutions IPO is a book-built issue worth Rs 598.93 crores. It comprises a fresh issue of 0.33 crore shares totalling Rs 128.00 crores and an offer for the sale of 1.23 crore shares amounting to Rs 470.93 crores.

Subscriptions for the Awfis Space Solutions IPO commence on May 22, 2024, and conclude on May 27, 2024. Allotments are anticipated to be finalized by Tuesday, May 28, 2024. The IPO is scheduled to be listed on both the BSE and NSE, with a tentative listing date set for Thursday, May 30, 2024.

The price band for the Awfis Space Solutions IPO ranges from ₹364 to ₹383 per share. The minimum lot size for this IPO is 39 shares. Retail investors are required to invest a minimum of ₹14,937. The minimum lot size investment for sNII (Non-Institutional Investors) is 14 lots (546 shares), totalling ₹209118, while for bNII (Qualified Institutional Buyers), it is 67 lots (2,613 shares), totalling ₹1000779.

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For More – Awfis Space Solutions RHP

Awfis Space Solutions IPO Date, Details, Allotment, Review

The Awfis Space Solutions IPO Details

Open DateMay 22, 2024
Close DateMay 27, 2024
Listing DateMay 30, 2024
IPO Size1.56 Cr. equity shares aggregating up to ₹598.93 Cr.
Fresh IssueAggregating up to ₹128.00 Cr
Face Value₹10 per share
IPO Price Band₹364 to ₹383 per share
IPO Listing onBSE NSE
Lot Size39 Shares
OFS12,295,699 shares aggregating up to ₹470.93 Cr.
Share Offered to Retail10% of the total issue share
Share Offered to QBI75% of the total issue share
Share Offered to HNI15% of the total issue share

Awfis Space Solutions IPO

Awfis Space Solutions IPO opens for subscription on May 22, 2024, and closes on May 27, 2024. Allotment for the IPO is anticipated to be finalized on May 28, 2024.

IPO Open DateMay 22, 2024
IPO Close DateMay 27, 2024
Basis of AllotmentMay 28, 2024
Initiation of RefundsMay 29, 2024
The credit of SharesMay 29, 2024
Listing DateMay 30, 2024

Awfis Space Solutions IPO GMP (Grey Market Premium)

The Grey Market Premium (GMP) for Awfis Space Solutions Mainboard IPO has commenced from the first session. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of the Awfis Space Solutions IPO’s GMP and the expected listing price. See IPO GMP Live >>

Awfis Space Solutions IPO Subscription Status

To see Awfis Space Solutions IPO live subscription status please visit our IPO Subscription Status Live section on the menu or click the link. The Awfis Space Solutions IPO subscription window opens on May 22, 2024.

Awfis Space Solutions IPO Allotment Status

You can check the allotment status for the Awfis Space Solutions IPO by following these steps. First, click the link Link Bigshare Services Private Limited Then, select the IPO Name from the options provided. After that, enter either your Application Number or PAN Number or Demat.

After entering the required information, click submit and view the allotment status of the IPO. This process should be done around the expected date of May 22, 2024.

Know About Awfis Space Solutions Limited

  • Awfis Space Solutions Limited was founded in December 2014, Awfis Space Solutions Limited is a leading provider of workspace solutions in India.
  • Awfis Space Solutions Limited’s offerings cater to individuals, startups, SMEs, and large corporations, with a focus on flexible workspace solutions.
  • Core solutions include co-working spaces, custom office setups, and mobility options, supported by services like food and beverages, IT support, infrastructure, and event hosting.
  • Currently operating 169 centres across 16 Indian cities, with 105,258 seats and a chargeable area of 5.33 million sq. ft.
  • Additionally, 31 centres with 25,312 seats are under fit-out, totalling 1.23 million sq. ft.
  • The company has diversified its offerings to include in-house fit-out and facility management services.
  • 81.66% of their centres are commercial assets, while 18.34% are alternate assets.
  • Their team comprises over 100 employees with a hospitality background, dedicated to serving clients’ needs.
  • A team of 63 designers and project managers works to enhance the industry experience for clients.

Awfis Space Solutions Limited Promoters Holding

The promoters of our company are Amit Ramani and Peak XV Partners Investments V (formerly known as SCI Investments V). As of the date of this Red Herring Prospectus, our Promoters collectively hold 27,444,403 Equity Shares, constituting 41.05% of the pre-Offer issued share capital.

Objects of the Issue IPO

The company intends to utilize the Net Proceeds for the following purposes:

  • Funding capital expenditure for the establishment of new centres: ₹42.03 Cr.
  • Funding working capital requirements: ₹54.37 Cr.
  • General corporate purposes*: [●]

Awfis Space Solutions Limited Financial Report (Restated)

ParticularsFor the Period / Year ended on (₹ in Cr)
31st December, 202331st March, 202331st March, 202231st March, 2021
Liabilities1,352.25930.61559.69508.58
Assets1,352.25930.61559.69508.58
Revenue633.69565.79278.72216.02
PAT (Profit After Tax)-18.94-46.64-57.16-42.64
Net Worth247.19169.3694.72150.75

Key Performance Indicator (KPI) of Awfis Space Solutions Limited

ParticularsDecember 31, 2023
Revenue from contracts with customers (₹ in millions)6,164.99
Total Income (₹ in millions)6,336.94
Total Assets (₹ in millions)13,522.45
EBITDA (₹ in millions)1,954.99
EBIT (₹ in millions)502.16
Cash EBIT (₹ in millions)669.80
PAT (₹ in millions)(189.42)
Total Equity (₹ in millions)2,471.85
Net Debt (₹ in millions)(682.56)
Total Capital Employed (₹ in millions)1,789.29
EBITDA Margin (%)30.85
PAT Margin (%)(2.99)
ROCE (%)49.91*
RoNW (%)-7.66
Debt to Equity ratio (in times)0.10
Net Debt Equity ratio (in times)(0.28)

Peer Group Comparison with Awfis Space Solutions Limited

KPIAwfisWEWORKRevenue from contracts with customers (₹ in million)SMARTWORKSTABLESPACE
Fiscal 2023 (Ind AS)
Revenue from contract with customers (₹ in million)5,45313,1452,8367,1146,784
Total Income (₹ in million)5,65814,2282,8627,4417,685
Total Assets (₹ in million)9,30644,1405,39844,73534,898
EBITDA (₹ in million)1,7619,0391,7164,5674,786
EBIT (₹ in million)2612,6725821,0042,141
Cash EBIT (₹ in million)362NANANANA
PAT (₹ in million)(466)(1,468)(688)(1,010)460
Total Equity (₹ in million)1,694(2,924)(5,544)315582
Net Debt (₹ in million)(262)3,8424,5883,0177,991
Total Capital Employed (₹ in million)1,431918(1,006)3,3312,738
EBITDA Margin (%)31%64%60%61%62%
PAT Margin (%)(8%)(10%)(24%)(14%)12%
ROCE (%)25.26%NANANANA
Debt to Equity Ratio (in times)0.06(1.65)(0.85)16.382.65
Net Debt Equity Ratio (in times)(0.15)(1.31)(0.82)9.592.62

Awfis Space Solutions IPO Registrar

Bigshare Services Private Limited
Office No S6-2, 6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (East), Mumbai 400 093
Maharashtra, India
Telephone: +91 22 6263 8200
E-mail: ipo@bigshareonline.com
Investor Grievance E-mail:
investor@bigshareonline.com
Website: www.bigshareonline.com

Awfis Space Solutions IPO Book Running Lead Manager

  1. ICICI Securities Limited
  2. Axis Capital Limited
  3. IIFL Securities Limited
  4. Emkay Global Financial Services Limited

Awfis Space Solutions Limited Contact

Awfis Space Solutions Limited
C-28-29, Kissan Bhawan
Qutab Institutional Area
New Delhi-110016
Phone: +91 1141061878
Email: cs.corp@awfis.com
Website: https://www.awfis.com/

Awfis Space Solutions Limited IPO Application Form PDF

To download the Awfis Space Solutions Limited IPO application form check on Application Form Download ASBA IPO Forms PDF.

Review

*Update Soon

FAQs Of Awfis Space Solutions IPO

What is the size of the Awfis Space Solutions IPO?

The Awfis Space Solutions IPO comprises a fresh issue of Rs 128.00 crore and an offer for sale of 1.23 crore shares.

When does the Awfis Space Solutions IPO open and close?

The IPO opens for subscription on May 22, 2024, and closes on May 27, 2024.

Who are the promoters of Awfis Space Solutions Limited?

The promoters of Awfis Space Solutions Limited are Amit Ramani and Peak XV Partners Investments V.

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