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.
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.
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.
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 |
| 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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The Awfis Space Solutions IPO Price band is set between Rs. 364 to Rs. 383 per equity share.
The total issue size of the Awfis Space Solutions IPO is approximately Rs. 598.93 crores.
The minimum lot size for the Awfis Space Solutions IPO is 39 shares.
The minimum investment required for the Awfis Space Solutions IPO is Rs. 14,937 for one lot of 39 shares.
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