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Awfis Space Solutions IPO began on 22 May 2024. It will close on 27 May 2024. The Total IPO Size is ₹598.93 Crore Approx. The company set its IPO price is ₹364 to ₹383 per share Per Share. There are three basic categories in Awfis Space Solutions IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.
Incorporated in December 2014, Awfis Space Solutions Limited is a workspace solution provider in India.

As of December 31, 2023, the company operates 169 centers across 16 cities in India, with a total of 105,258 seats and a chargeable area of 5.33 million sq. ft. Additionally, 31 centers with 25,312 seats are currently under fit-out, with a chargeable area totaling 1.23 million sq. ft.

The company’s core solution is co-working, including flexible workspaces, custom office spaces, and mobility solutions. Awfis Space Solutions Limited also provide supporting services such as food and beverages, IT support, infrastructure services, and event hosting.

The company has expanded its business offerings and now provides in-house fit-out and facility management services at its centers.

As of December 31, 2023, 81.66% of the company’s centers are commercial assets, and 18.34% are alternate assets.

As of December 31, 2023, the company has a team of over 100 employees with a background in hospitality servicing the needs of every client.

The company has a team of 63 designers and project managers to enhance the industry experience.

Awfis Space Solutions IPO Details:

Issuer Awfis Space Solutions IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: 22 May 2024
Issue Closes: 27 May 2024
Price Brand ₹364 to ₹383 per share
Issue Size ₹598.93 Cr
Face Value ₹10 per share
Market Lot 39 Shares
Retail (Max) ₹194,181
QIB 75%
HNI 15%
Retail Individual Bidders 10%
Listing at NSE & BSE
✔️ Apply With ANGEL Free DEMAT Account
Total Shares 15,637,736 shares

Awfis Space Solutions IPO GMP Rates day by day

Awfis Space Solutions IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 39 ₹14,937
Retail (Max) 13 507 ₹194,181
S-HNI (Min) 14 546 ₹209,118
S-HNI (Max) 66 2,574 ₹985,842
B-HNI (Min) 67 2,613 ₹1,000,779

Awfis Space Solutions IPO Date, Allotment & Listing:

Awfis Space Solutions IPO Opening Date: May 22, 2024
Awfis Space Solutions IPO Closing Date: May 27, 2024
Basis of Allotment: May 28, 2024
Initiation of Refunds: May 29, 2024
Credit to Demat Account: May 29, 2024
Listing Date: May 30, 2024

Awfis Space Solutions Limited Financial Information (Restated Consolidated)

Awfis Space Solutions Limited’s revenue increased by 103% and profit after tax (PAT) rose by 18.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 1,352.25 930.61 559.69 508.58
Revenue 633.69 565.79 278.72 216.02
Profit After Tax -18.94 -46.64 -57.16 -42.64
Net Worth 247.19 169.36 94.72 150.75
Reserves and Surplus -265.56 -204.30 -223.37 -167.12
Total Borrowing 23.72 10.92 12.11 2.97
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Awfis Space Solutions IPO is Rs 2658.7 Cr.

KPI as of December 31, 2023.

KPI Values
ROCE 37.43%
Debt/Equity 0.1
RoNW -7.66%
P/BV 9.63

Objects of the Issue (Awfis Space Solutions IPO Objectives)

The Company proposes to utilize the Net Proceeds towards funding the following objects (collectively, the “Objects”):.

  1. Funding capital expenditure towards the establishment of new centres ;
  2. Funding the working capital requirements and
  3. General corporate purposes

Awfis Space Solutions IPO ALLOTMENT STATUS

How to Apply for Awfis Space Solutions IPO?

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How to Apply Awfis Space Solutions IPO through Zerodha?

Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Awfis Space Solutions”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.

How to Apply Awfis Space Solutions IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Awfis Space Solutions”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Frequently Asked Questions

What is Awfis Space Solutions IPO?

Awfis Space Solutions IPO is a main-board initial public offering of 15,637,736 Equity shares of the face value of ₹10 aggregating up to ₹598.93 Crores. The issue price of the IPO is ₹364 to ₹383 Per Equity Share. The minimum order quantity is 39 Shares per application and the offer type is Book Built Issue. The IPO opens on May 22, 2024 and closes on May 27, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Awfis Space Solutions IPO will open?

The Awfis Space Solutions IPO opens on May 22, 2024 and closes on May 27, 2024.

How to apply for Awfis Space Solutions IPO?

You can apply in Awfis Space Solutions IPO online using either UPI or ASBA as payment method. ICICI Securities Limited, Axis Capital Limited, Iifl Securities Ltd and Emkay Global Financial Services Ltd are the book running lead managers of the Awfis Space Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

When Awfis Space Solutions IPO allotment?

The finalization of Basis of Allotment for Awfis Space Solutions IPO will be done on May 28, 2024, and the allotted shares will be credited to your demat account by May 29, 2024. Check the Awfis Space Solutions IPO allotment status.

When is Awfis Space Solutions IPO listing date?

The Awfis Space Solutions IPO listing date is not yet announced. The tentative date of Awfis Space Solutions IPO listing is May 30, 2024.

What is the lot size of Awfis Space Solutions IPO?

Awfis Space Solutions IPO lot size is 39 Shares and the minimum order quantity is 1 Shares.