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AWFIS Space Solutions IPO

  • Status: Closed
  • RHP:
  • ₹ 14,196 / 39 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    30 May 2024

  • Listing Price

    ₹432.25

  • Listing Change

    12.86%

  • Last Traded Price

    ₹690.00

IPO Details

  • Open Date

    22 May 2024

  • Close Date

    27 May 2024

  • IPO Price Range

    ₹ 364 to ₹ 383

  • IPO Size

    ₹ 598.93 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    30 May 2024

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IPO Timeline

AWFIS Space Solutions IPO Subscription Status

Last Updated: 05 June 2024 2:47 PM by 5Paisa

Last Updated: 27th May 2024, 06:11 PM by 5paisa

Awfis Space Solutions IPO is set to open from 22nd May to 27th May 2024. The company offers flexible workspace solutions. The IPO includes a fresh issue of 3,342,037 equity shares worth ₹128 cr. and an Offer-for-Sale (OFS) of 12,295,699 shares worth ₹470.93 cr. The total IPO size is ₹598.93 cr. The share allotment date is 28th May 2024, and the IPO will be listed on 30th May 2024 on the stock exchanges. The price band is set at ₹364 to ₹383 and the lot size is 39 shares.  

ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, and Emkay Global Financial Services are the book-running lead managers for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Awfis Space IPO

●    To fund the establishment of new centres via funding expenditure 
●    For working capital requirements
●    General corporate purposes
 

Awfis Space IPO Video

 

 

Awfis Space IPO Size

Types Size (₹Cr)
Total IPO size 598.93
Offer for sale 470.93
Fresh issue 128.00

Awfis Space IPO Lot Size

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 IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 116.95 46,75,656 54,68,35,497 20,943.80
NII (HNI) 129.27 23,37,827 30,22,20,906 11,575.06
Retail 53.23 15,58,551 8,29,57,212 3,177.26
Employees 24.68 57,636 14,22,174 54.47
Total 108.17 86,29,670 93,34,35,789 35,750.59

Awfis Space IPO Anchor Allocation

Anchor Bid Date 21 May, 2024
Total no. of shares offered 7,013,483
Portion Size for Anchor Investors 268.62 Cr.
Lock in Period for 50% shares (30 days) 27 June, 2024
Lock in Period for rest of shares (90 days) 26 August, 2024

Established in 2016, Awfis Space Solutions Limited offers flexible workspace solutions. It was also India’s largest provider of flexible workspace solutions as of December 2024 in terms of total centres. It provides a wide range of services which include individual flexible desk needs to customise office spaces for start-ups, small and medium enterprises (SMEs) and large companies and MNCs. 

In addition to this, Awfis is engaged in designing, building, and maintaining flexible workspace requirements like Awfis Transform ( construction & fit-out services) and Awfis Care ( facility management services). Awfis also has an allied services business for offering services for food and beverages, IT support, and infrastructure services including storage and customisation for events and meetings. 

As of 31st December 2023, Awfis ranked first in terms of maximum presence in India’s micro markets with 169 total centres in 16 cities with 105,258 total seats as well a total chargeable area of 5.33 million sq. ft. The company’s clientele has 2295 members in 52 Indian micro markets for the same period. 


Peer Comparison

No listed peers

For More Information:
Webstory on Awfis Space Solutions IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 545.28 257.04 178.36
EBITDA 176.10 90.00 90.70
PAT -46.63 -57.15 -42.64
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 930.60 559.68 508.58
Share Capital 30.13 30.13 30.13
Total Borrowings 761.24 464.96 357.82
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 195.18 82.69 57.44
Net cash from / (used in) investing activities -170.10 -7.21 -37.73
Net cash flow from / (used in) financing activities -27.77 -79.85 -16.68
Net increase (decrease) in cash and cash equivalents -2.69 -4.37 3.01


Strengths

1.    The company has leadership in a large and growing marketplace.
2.    It focuses on innovation in the flexible workspace industry with the adoption of the MA model.
3.    It also has diverse space sourcing and demand strategies. 
4.    It has demonstrated strong financial and operating metrics.
5.    Experienced management team.
 

Risks

1.    The company has a history of net losses, negative EPS, and return on net worth.
2.    It has reported negative cash flows in the past. 
3.    It faces significant competitive pressures in the industry it operates in.
4.    High working capital requirements. 
 

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FAQs

 Awfis Space Solutions IPO opens from 22nd May to 27th 2024.

The Awfis Space Solutions IPO size is ₹598.93 cr. 

To apply for Awfis Space Solutions IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Awfis Space Solutions IPO. 
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of Awfis Space Solutions IPO is set at ₹364 to ₹383 per share.

The minimum lot size of Awfis Space Solutions IPO is 39 shares and the minimum investment required to apply for the IPO is ₹14,196.

The share allotment date of Awfis Space Solutions IPO is 28th May 2024.

The Awfis Space Solutions IPO will be listed on 30th May 2024.

ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, and Emkay Global Financial Services are the book-running lead managers for Awfis Space Solutions IPO.

Awfis Space Solutions Limited will use the proceeds from the IPO for:

●    To fund the establishment of new centres via funding expenditure 
●    For working capital requirements
●    General corporate purposes