Awfis Space Solutions IPO

Investors are keenly watching the Awfis Space Solutions IPO, set to launch on May 22, 2024. This IPO presents an exciting opportunity for those looking to invest in a leading workspace solution provider in India.

Awfis Space Solutions IPO Details

The Awfis Space Solutions IPO aims to raise around Rs. 598.93 crores, with a fresh issue of Rs. 128 crores and an offer for sale up to 12,295,699 equity shares at face value of Rs. 10 each. The IPO will be open for application from May 22 to May 27, 2024.

Details Information
IPO Open Date May 22, 2024
IPO Close Date May 27, 2024
IPO Size Approx Rs. 598.93 Crores
Fresh Issue Approx Rs. 128 Crores
Offer for Sale Approx Rs. 470.93 Crores
Face Value Rs. 10 Per Equity Share
IPO Price Band Rs. 364 to Rs. 383 Per Share
IPO Listing on BSE & NSE

Checkout the List of Upcoming IPO.

About the Awfis Space Solutions

Incorporated in December 2014, Awfis Space Solutions Limited is a premier workspace solution provider in India. The company offers a broad range of flexible workspace solutions catering to individuals, start-ups, SMEs, and large corporations. Their services include co-working spaces, custom office solutions, and mobility services. Awfis also provides additional services such as food and beverages, IT support, infrastructure services, and event hosting.

As of December 31, 2023, Awfis operates 169 centres across 16 cities in India, with a total of 105,258 seats within a chargeable area of 5.33 million square feet. The company is also expanding, with an additional 31 centres under fit-out, comprising 25,312 seats.

Awfis Space Solutions Financial Highlights

Here are the key financial metrics for Awfis Space Solutions Limited:

Particulars 2021 2022 2023 Dec 2023
Revenue from Operations (Rs. crore) 508.58 559.69 930.61 1,352.25
Profit After Tax (PAT) (Rs. crore) -42.64 -57.16 -46.64 -18.94
Net Worth (Rs. crore) 150.75 94.72 169.36 247.19

Awfis Space Solutions Strengths & Weaknesses

Strengths Weaknesses
Leading market position in flexible workspace solutions in India History of net losses
Strong revenue growth, showcasing robust financial performance Negative cash flows from investing activities
Efficient cost structure with a low capital expenditure per seat Rapid growth may strain financial and operational resources
Largest flexible workspace footprint in Tier 2 cities among top operators Business is vulnerable to macroeconomic fluctuations

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How to apply Awfis Space Solutions IPO ?

Retail investors need to apply for the IPO using UPI


  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe Awfis Space Solutions IPO and approve the payment on your UPI ID.

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