AWFIS Space IPO

AWFIS Space Solutions Ltd

₹14,196 /39 sharesMinimum Investment

AWFIS Space IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹383.00₹435.00₹52.00 (13.58%)

AWFIS Space IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
22 May ‘24 - 27 May ‘24₹14,19639₹364 - ₹383
Issue SizeIPO Doc
598.93Cr
RHP PDF

Subscription rate

As of 27 May'24, 05:00 PM
Qualified Institutional Buyers116.95x
Non-Institutional Investor129.07x
Retail Individual Investor51.9x
Employees24.1x
Total107.87x

About the company

Awfis Space Solutions Limited offers flexible workspace solutions. The company offers individual flexible desks and customised office spaces for start-ups, small and medium enterprises (SMEs), large corporates and multinational corporations (MNCs). It offers these spaces on a contract-basis to clients, for periods ranging from one hour to several years. Besides its core business of co-working solutions, the company has two other business verticals. These are the Awfis Transform, construction and fit-out services, and Awfis Care, facility management services. It also provides allied services, such as food and beverages, information technology support services, infrastructure services (storage and customisation), and event hosting & meeting arrangements. As of December 31, 2023, the company is present in all Tier 1 cities and seven Tier 2 cities, covering 16 cities and 52 micro markets in India.;
Founded in
2014
Managing director
Mr. Amit Ramani
Parent organisation
AWFIS Space Solutions Ltd

Strength and risks

Strengths
Risks
The company has received investment from investors including Peak XV, Bisque Limited and Link Investment Trust (Chrys Capital Group), QRG Investments and Holdings Limited, VBAP Holdings Private Limited, Shri Brahma Creation Trust, Karmav Real Estate Holdings LLP (Arun Bharat Ram Group) and Ashish Kacholia.
As on December 31, 2023, the company had 169 total centres across 16 cities in India, with 105,258 seats and total chargeable area of 5.33 million square feet (msf), of which 31 centres and 25,312 seats are under fit-out with chargeable area aggregating to 1.23 msf.
The company has entered into signed letters of intent (LoI) with space owners for 13 additional centres, with 10,859 seats aggregating to 0.55 msf.
As on December 31, 2023, the company had over 2,295 clients and a presence in 52 micro markets in India.
As per the RHP, the company has sold 10,743, 23,981, 36,020 and 27,484 seats at its centers in Fiscals 2021, 2022 and 2023 and nine months ended December 31, 2023, respectively.
For the financial years ended March 31, 2021, 2022, and 2023, and the nine months ended December 31, 2023, the company’s total income increased from Rs 17.84 crore to Rs 25.70 crore, to Rs 55.53 crore and Rs 63.37 crore, respectively.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular364 - 383₹2 Lakh
Employee328 - 347₹2 Lakh
High Networth Individual364 - 383₹2 - 5 Lakh
For AWFIS Space IPO, eligible investors can apply as Regular & Employee.
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