Awfis Space Solutions IPO Details: Mark your calendars! Awfis Space Solutions is all set to debut in the market with its Initial Public Offering (IPO) starting from May 22nd until May 27th. The company aims to raise approximately ₹[.] crores through this IPO, comprising a fresh issue of ₹128 crores and an offer for sale of up to 12,295,699 equity shares priced at ₹10 each.
Awfis Space Solutions is renowned for its diverse range of flexible workspace solutions tailored to meet the dynamic needs of businesses, from individual freelancers to large corporations. Offering everything from flexible desks to fully customized office spaces, they cater to a broad spectrum of clients, allowing them to book seats for durations ranging from an hour to several years.
What sets Awfis apart is its evolution from a mere co-working space provider to a comprehensive workspace solutions platform. Alongside their core offerings like flex workspaces and customized offices, they’ve expanded their services to include Awfis Transform (focused on construction and fit-out services) and Awfis Care (providing facility management services). Additionally, they offer a host of allied services, from IT support to event hosting arrangements.
Their success stems from a deep understanding of the modern workforce, enabling them to anticipate and fulfill evolving preferences. Moreover, Awfis offers two distinct workspace formats, each with its own unique propositions, branding, and target audience.
Awfis Space Solutions IPO Objectives:
The Company proposes to utilize the Net Proceeds towards funding the following objects (collectively, the “Objects”):
- Funding capital expenditure towards the establishment of new centres;
- Funding the working capital requirements and
- General corporate purposes
Awfis Space Solutions IPO Review (Apply or Not)
- May Apply
Awfis Space Solutions IPO Date & Price Band Details:
| IPO Open: | May 22, 2024 |
| IPO Close: | May 27, 2024 |
| IPO Size: | Approx ₹598.93 Crores, 15,637,736 Equity Shares |
| Fresh Issue: | Approx ₹128 Crores, 3,342,037 Equity Shares |
| Offer for Sale: | Approx ₹470.93 Crores, 12,295,699 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹364 to ₹383 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
Awfis Space Solutions IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 39 | ₹14,937 |
| Retail Maximum | 13 | 507 | ₹194,181 |
| S-HNI Minimum | 14 | 546 | ₹209,118 |
| B-HNI Minimum | 68 | 2613 | ₹1,000,779 |
Awfis Space Solutions IPO Timeline:
Get ready to mark your calendars for the Awfis Space Solutions IPO! The IPO opens its doors on May 22 and welcomes investors until May 27. Exciting news awaits on May 28 as the IPO allotment gets finalized, with the much-anticipated IPO listing scheduled for May 30.
| Price Band Announcement: | 21-May-2024 |
| IPO Open Date: | 22-May-2024 |
| IPO Close Date: | 27-May-2024 |
| Basis of Allotment: | 28-May-2024 |
| Refunds: | 29-May-2024 |
| Credit to Demat Account: | 29-May-2024 |
| IPO Listing Date: | 30-May-2024 |
Awfis Space Solutions IPO GMP Today:
the Grey Market Premium (GMP) for Awfis Space Solutions’ IPO stands at ₹165. Given the IPO’s price band of ₹383.00, the estimated listing price is projected to be ₹548, which includes today’s GMP. This implies an expected percentage gain of approximately 43.08% per share
Awfis Space Solutions Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹216.02 | ₹258.66 | ₹42.64 |
| 2022 | ₹278.71 | ₹335.87 | ₹57.16 |
| 2023 | ₹565.79 | ₹612.42 | ₹46.64 |
| Dec 2023 | ₹633.69 | ₹652.64 | ₹18.94 |
Awfis Space Solutions IPO Valuation – FY2023
Check Awfis Space Solutions IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | -₹8.11 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | –27.54% |
| Net Asset Value (NAV): | ₹56.20 per Equity Share |
Peer Group
- NA
Company Promoters
- Amit Ramani
- Peak XV Partners Investments V
Awfis Space Solutions IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/
