Awfis Space Solutions Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹364 - ₹383
- Lot size
- 39 shares
- Issue amount
- ₹598.93 cr
- Total subscription
- 108.17×
- Opens
- 22 May 2024
- Closes
- 27 May 2024
- Allotment
- 29 May 2024
- Listing
- 30 May 2024
Offer at a glance
Issue overview
- Issue size
- 1,56,37,736 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,196
- Fresh issue
- ₹128 cr
- Offer for sale
- ₹470.93 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,937
- Issue type
- Book Built Issue IPO
- Shares before issue
- 6,60,75,779
- Shares after issue
- 6,94,17,816
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 39 | ₹14,937 |
| sHNI | 14 | 546 | ₹2,09,118 |
| bHNI | 67 | 2,613 | ₹10,00,779 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 179.08 | 20,943.8 |
| RETAIL | 59.69 | 3,177.26 |
| HNIs 2+ | 29.85 | 3,328.78 |
| HNIs 10+ | 59.69 | 8,246.28 |
| EMPLOYEES | 2.21 | 54.47 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 0 | 0 | 0 |
| ROE | 0 | 0 | 0 |
| ROCE | 49.91 | 25.26 | 1.75 |
| RONW | -7.66 | -27.54 | -60.34 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Awfis Space Solutions Limited is one of India's leading workspace providers, established in December 2014. The company offers flexible workspace solutions for individuals, start-ups, small businesses, and large companies. Its main services include co-working spaces, custom office spaces, and mobility solutions, along with IT support, food & beverages, event hosting, and facility management services. As of December 31, 2023, Awfis operates 169 centers across 16 cities, with 1.05 lakh seats covering 5.33 million sq. ft. of workspace. Additionally, 31 new centers are under development, offering 25,312 seats. With a team of over 100 hospitality professionals and 63 designers and project managers, Awfis delivers high-quality services and a premium office experience for its clients.
Strengths
- Leading the Way in Flexible Workspaces: Awfis Space Solutions Limited is a top name in India's growing flexible workspace market, operating 169 centers across 16 cities , making it a key player in the industry.
- Unique MA Model: Awfis stands out with its Management Agreement (MA) model , which improves efficiency and customer satisfaction by offering customized workspace solutions .
- Flexible Space Solutions for All: With a mix of commercial and alternate properties , Awfis caters to individuals, start-ups, SMEs, and large businesses , offering adaptable workspaces to meet different needs.
Risk factors
- Financial Losses: Awfis Space Solutions Limited has a history of losses, with negative earnings and returns, which may affect its business stability and investor trust.
- Profitability Challenges: The company needs to boost its revenue while managing expenses to become profitable. If it fails to do so, its business, cash flow, and financial health could suffer.
- Economic Risks: Awfis's growth depends on the overall economy. Economic downturns could slow its expansion and lead to ongoing cash flow problems in the future.
Promoters
Amit Ramani
Registrar & documents
Lead manager
ICICI Securities Limited, Axis Capital Limited, IIFL Capital Services Limited, Emkay Global Financial Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
C-28-29, Kissan Bhawan, Qutab Institutional Area, New Delhi-110016
+91 1141061878
[email protected]Company website ↗Understanding AWFIS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.