Contents
- 1 Table of Contents
- 2 The Awfis Space Solutions IPO Details
- 3 Awfis Space Solutions IPO
- 4 Awfis Space Solutions IPO GMP (Grey Market Premium)
- 5 Awfis Space Solutions IPO Subscription Status
- 6 Awfis Space Solutions IPO Allotment Status
- 7 Know About Awfis Space Solutions Limited
- 8 Awfis Space Solutions Limited Promoters Holding
- 9 Objects of the Issue IPO
- 10 Awfis Space Solutions Limited Financial Report (Restated)
- 11 Key Performance Indicator (KPI) of Awfis Space Solutions Limited
- 12 Peer Group Comparison with Awfis Space Solutions Limited
- 13 Review
- 14 FAQs Of Awfis Space Solutions IPO
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
Table of Contents
The Awfis Space Solutions IPO Details
| Open Date | May 22, 2024 |
| Close Date | May 27, 2024 |
| Listing Date | May 30, 2024 |
| IPO Size | 1.56 Cr. equity shares aggregating up to ₹598.93 Cr. |
| Fresh Issue | Aggregating up to ₹128.00 Cr |
| Face Value | ₹10 per share |
| IPO Price Band | ₹364 to ₹383 per share |
| IPO Listing on | BSE NSE |
| Lot Size | 39 Shares |
| OFS | 12,295,699 shares aggregating up to ₹470.93 Cr. |
| Share Offered to Retail | 10% of the total issue share |
| Share Offered to QBI | 75% of the total issue share |
| Share Offered to HNI | 15% 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 Date | May 22, 2024 |
| IPO Close Date | May 27, 2024 |
| Basis of Allotment | May 28, 2024 |
| Initiation of Refunds | May 29, 2024 |
| The credit of Shares | May 29, 2024 |
| Listing Date | May 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)
| Particulars | For the Period / Year ended on (₹ in Cr) | |||
| 31st December, 2023 | 31st March, 2023 | 31st March, 2022 | 31st March, 2021 | |
| Liabilities | 1,352.25 | 930.61 | 559.69 | 508.58 |
| Assets | 1,352.25 | 930.61 | 559.69 | 508.58 |
| Revenue | 633.69 | 565.79 | 278.72 | 216.02 |
| PAT (Profit After Tax) | -18.94 | -46.64 | -57.16 | -42.64 |
| Net Worth | 247.19 | 169.36 | 94.72 | 150.75 |
Key Performance Indicator (KPI) of Awfis Space Solutions Limited
| Particulars | December 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
| KPI | Awfis | WEWORK | Revenue from contracts with customers (₹ in million) | SMARTWORKS | TABLESPACE |
|---|---|---|---|---|---|
| Fiscal 2023 (Ind AS) | |||||
| Revenue from contract with customers (₹ in million) | 5,453 | 13,145 | 2,836 | 7,114 | 6,784 |
| Total Income (₹ in million) | 5,658 | 14,228 | 2,862 | 7,441 | 7,685 |
| Total Assets (₹ in million) | 9,306 | 44,140 | 5,398 | 44,735 | 34,898 |
| EBITDA (₹ in million) | 1,761 | 9,039 | 1,716 | 4,567 | 4,786 |
| EBIT (₹ in million) | 261 | 2,672 | 582 | 1,004 | 2,141 |
| Cash EBIT (₹ in million) | 362 | NA | NA | NA | NA |
| PAT (₹ in million) | (466) | (1,468) | (688) | (1,010) | 460 |
| Total Equity (₹ in million) | 1,694 | (2,924) | (5,544) | 315 | 582 |
| Net Debt (₹ in million) | (262) | 3,842 | 4,588 | 3,017 | 7,991 |
| Total Capital Employed (₹ in million) | 1,431 | 918 | (1,006) | 3,331 | 2,738 |
| EBITDA Margin (%) | 31% | 64% | 60% | 61% | 62% |
| PAT Margin (%) | (8%) | (10%) | (24%) | (14%) | 12% |
| ROCE (%) | 25.26% | NA | NA | NA | NA |
| Debt to Equity Ratio (in times) | 0.06 | (1.65) | (0.85) | 16.38 | 2.65 |
| Net Debt Equity Ratio (in times) | (0.15) | (1.31) | (0.82) | 9.59 | 2.62 |
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
- ICICI Securities Limited
- Axis Capital Limited
- IIFL Securities Limited
- 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.
