Awfis Space IPO (Awfis Space Solutions Limited IPO)
Awfis Space IPO open for bidding on 22th May 2024, and ends on 27th May 2024.
Established in 2014, Awfis is India’s leading provider of flexible workspace solutions. It operates 169 centers across 16 cities with 105,258 seats, serving over 2,295 clients.
Awfis offers a wide range of workspace options, from individual desks to customized office spaces for various client types, including start-ups, SMEs, and large corporations. The company is known for its ability to adapt to the evolving needs of the modern workforce.
Awfis has secured signed letters of intent (LOIs) for an additional 13 centers with 10,859 seats and 0.55 million sq. ft., indicating its ongoing expansion plans.
For more details refer to Awfis Space IPO RHP
Awfis Space IPO Details
| IPO Date | 22th May 2024 to 27th May 2024 |
| Listing Date | 30th May 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹364 to ₹383 per share |
| Lot Size | 39 Shares |
| Total Issue Size | 1,56,43,153 shares (aggregating up to ₹598.93 Cr) |
| Fresh Issue | 33,47,454 shares (aggregating up to ₹128.00 Cr) |
| Offer for Sale | 1,22,95,699 shares of ₹10 (aggregating up to ₹470.93 Cr) |
| Employee Discount | ₹36 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 70,13,483(44.8%) |
| QIB | 46,75,656(29.9%) |
| NII | 23,37,827(14.9%) |
| bNII | 15,58,552(10%) |
| sNII | 7,79,275(4.9%) |
| Retail | 15,58,551(10%) |
| Employees | 57,636(0.36%) |
| Total | 15,643,153(100%) |
Awfis Space IPO Timeline
| IPO Open | 22th May 2024 |
| IPO Close | 27th May 2024 |
| Basis Of Allotment | 28th May 2024 |
| Initiation of Refunds | 29th May 2024 |
| Credit of Shares to Demat | 29th May 2024 |
| Listing Date | 30th May 2024 |
Fundamentals
Data as of 31st December 2023
| Market Cap | ₹2,658.7 Cr | P/E Ratio- Pre IPO | – |
| RoNW% | -7.66% | P/E Ratio- Post IPO | – |
| RoCE | 37.43% | P/B Ratio | 9.63 |
| Debt to Equity | 0.1 | PAT Margin% | – |
Awfis Space IPO Objectives
Company proposes to utilise the Net Proceeds towards funding of the following objects:
- Funding capital expenditure towards establishment of new centers;
- Funding our working capital requirements; and
- General corporate purposes
