Awfis Space Solutions Limited

Awfis Space Solutions Limited

Mainboard

₹14,937 / 39 Shares

Offer Date:May 22, 2024 - May 27, 2024
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IPO Details

Awfis Space Solutions Limited IPO is priced between ₹364-383 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Bigshare Services Pvt Ltd is managing the issue as the registrar.

The IPO bidding period opened on 22 May, 2024, and closed on 27 May, 2024. The allotment results will be announced on 28 May, 2024, with a tentative listing date set for 30 May, 2024.

The total issue comprises Total ₹598.93 Cr :#Fresh Issue : 3,342,037 shares, amounting to ₹128.00 Cr.

Awfis Space Solutions Limited IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
May 22, 2024 - May 27, 202430 May, 2024₹10 Per Equity Share₹364-383 per equity share39 Shares3,342,037 Shares 12,295,699 shares of ₹10BSE, NSE

Awfis Space Solutions Limited IPO Timeline

✓
IPO Open Date
22 May, 2024
✓
IPO Close Date
27 May, 2024
✓
Basis of Allotment
28 May, 2024
✓
Listing Date
30 May, 2024

Issue Price

₹364-383 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

Market Lot

Retail: 39 Shares (₹14,937/-)
S-HNI: 546 Shares (₹2,09,118/-)
B-HNI: 2,613 Shares (₹10,00,779/-)

Lead Manager

ICICI Securities LimitedAxis Capital LimitedIifl Securities LtdEmkay Global Financial Services Ltd

Issue Size

Total ₹598.93 Cr :
#Fresh Issue : 3,342,037 shares(aggregating up to ₹128.00 Cr) +
#OFS : 12,295,699 shares of ₹10(aggregating up to ₹470.93 Cr)

Retail Portion

10% (Number of Retail Applications: 39,963 Approx),(Number of S-HNI Applications : 1,427 Approx),(Number of B-HNI Applications : 2,854 Approx)

Subscription

108.10 times

IPO Docs

DRHP RHP

Awfis Space Solutions Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 23930.61565.79-46.64169.36-204.3010.92
31 Mar 22559.69278.72-57.1694.72-223.3712.11
31 Mar 21508.58216.02-42.64150.75-167.122.97

All values are in ₹ Cr.

Awfis Space Solutions Limited IPO Valuations

EPS PRE IPO

₹/-

EPS POST IPO

₹/-

PE PRE IPO

-

PE POST IPO

-

ROE

%

ROCE

37.43%

DEBT EQUITY

0.10

RONW

-7.66%

PAT MARGIN

-

PRICE TO BOOK VALUE

9.63

About Company

Awfis Space Solutions Limited is a workspace solution provider in India.

The company offers a wide range of flexible workspace solutions, catering to the needs of individuals, start-ups, SMEs, and large corporations.

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.

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 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.

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Awfis Space Solutions Limited IPO Subscription Details

As onQIBNII
bNII  sNII		RetailTotal
Shares Offered / Reserved4,675,656
2,337,827
1,558,552    779,275
1,558,5518,629,670
Day 1 - 22-05-24 05:00 PM0.30 x
2.76
2.40 x   3.49 x
6.04 x2.03 x
Day 2 - 23-05-24 05:00 PM0.32 x
6.82
5.22 x   10.01 x
12.27 x4.28 x
Day 3 - 24-05-24 05:00 PM3.39 x
20.85
18.35 x   25.84 x
21.00 x11.35 x
Day 4 - 27-05-24 05:00 PM116.95 x
129.23
138.15 x   111.41 x
52.92 x108.10 x
Total No. of Applications:20,61,958 (Approx)
Retail Subscription:

Retail:46.32x

BHNI:27.44x

SHNI:107.88x times

Awfis Space Solutions Limited IPO - Issue Objectives

  1. Funding capital expenditure towards the establishment of new centres
  2. Funding our working capital requirements
  3. General corporate purposes
Company Contact Details

Awfis Space Solutions Limited

C-28-29, Kissan Bhawan, Qutab Institutional Area, New Delhi-110016

Phone: +91 1141061878

Email: cs.corp@awfis.com

Website: https://www.awfis.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html