Awfis Space Solutions Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹84(21.93%)
Premium (ELP)
Awfis Space Solutions Limited's achieved publicly listed status following its IPO debut on May 30, 2024 at the NSE, BSE platform. The offering successfully mobilized 1,56,37,736 Shares, with 33,42,037 Shares allocated to corporate growth initiatives and ₹470.93 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹364 to ₹383, starting from minimum lots of 39 shares. The subscription window from May 22, 2024 through May 27, 2024 enabled investor participation across market segments.
Share allocation was completed on May 29, 2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Awfis Space Solutions Limited is one of India's leading workspace providers, established in December 2014. The company offers flexible workspace solutions for individuals, start-ups, small businesses, and large companies. Its main services include co-working spaces, custom office spaces, and mobility solutions, along with IT support, food & beverages, event hosting, and facility management services. As of December 31, 2023, Awfis operates 169 centers across 16 cities, with 1.05 lakh seats covering 5.33 million sq. ft. of workspace. Additionally, 31 new centers are under development, offering 25,312 seats. With a team of over 100 hospitality professionals and 63 designers and project managers, Awfis delivers high-quality services and a premium office experience for its clients.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading the Way in Flexible Workspaces:Awfis Space Solutions Limited is a top name in India's growing flexible workspace market, operating 169 centers across 16 cities, making it a key player in the industry.
- Unique MA Model:Awfis stands out with its Management Agreement (MA) model, which improves efficiency and customer satisfaction by offering customized workspace solutions.
- Flexible Space Solutions for All:With a mix of commercial and alternate properties, Awfis caters to individuals, start-ups, SMEs, and large businesses, offering adaptable workspaces to meet different needs.
- Financial Losses: Awfis Space Solutions Limited has a history of losses, with negative earnings and returns, which may affect its business stability and investor trust.
- Profitability Challenges: The company needs to boost its revenue while managing expenses to become profitable. If it fails to do so, its business, cash flow, and financial health could suffer.
- Economic Risks: Awfis's growth depends on the overall economy. Economic downturns could slow its expansion and lead to ongoing cash flow problems in the future.
- Amit Ramani
Awfis Space Solutions Limited
Bigshare Services Private Limited