Awfis Space IPO GMP, Price, Allotment, Profit Estimate 2024

Awfis Space IPO Description – As of June 2023, Awfis Space Solutions is India’s largest flexible workspace solutions company in terms of the total number of centers. The company offers a broad spectrum of flexible workspace solutions from meeting a freelance professional’s flexible desk needs to a tailor-made office for a start-up, small and medium enterprises (“SMEs”), and large corporate or Multinational corporations.

As of 30 June 2023, Awfis Space had 136 total centers across 16 total cities in India, with 81,433 total seats and a total chargeable area of 4.12 million sq. ft., of which, 15 centers and 11,191 seats were under fit-out with chargeable area aggregating to 0.53 million sq. ft. As of the same date, the company has over 2,139 clients and a presence in 48 micro markets in India.

Promoters of Awfis Space Solutions – Amit Ramani, and Peak XV Partners Investments V (Formerly Known AS SCI Investments V)

Awfis Space IPO Details

Awfis Space IPO Dates	22 – 24 May 2024
Awfis Space Issue Price	Coming soon
Fresh issue	INR 160 crore
Offer For Sale	10,023,172 shares
Total IPO size	Coming soon
Minimum bid (lot size)	Coming soon
Face Value	INR 10 per share
Retail Allocation	10%
Listing On	NSE, BSE

Awfis Space Solutions Financial Performance

	FY 2021	FY 2022	FY 2023	Q1 FY 2024
Revenue	178.36	257.05	545.28	187.70
Expenses	258.66	335.87	612.42	201.02
Net income	(42.64)	(57.16)	(46.64)	(8.31)
Margin (%)	(23.91)	(22.24)	(8.55)	(4.43)

Figures in INR Crores unless specified otherwise

Awfis Space Solutions Offer News

Awfis Space Solutions Valuations & Margins

	FY 2021	FY 2022	FY 2023 (Pre Issue)	FY 2024 (Post-Issue)*
EPS	(14.15)	(18.97)	(15.48)	–
PE Ratio	–	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2024

	FY 2021	FY 2022	FY 2023
RONW (%)	(28.29)	(60.34)	(27.54)
NAV	50.03	31.43	56.20
ROCE (%)	10.88	1.75	25.26
EBITDA (%)	42.01	32.29	31.12
Debt/Equity	0.02	0.13	0.06

*Compiled by IPO Central from Prospectus

Awfis Space IPO GMP Today (Daily Trend)

Awfis Space Solutions IPO Objectives

The company proposes to utilize the Net Proceeds towards funding the following objects:

Funding capital expenditure towards establishment of new centers – INR 52.54 crore
Funding its working capital requirements – INR 68 crore
General corporate purposes

Awfis Space IPO Subscription – Live Updates

Coming soon

Awfis Space IPO Allotment Status

Awfis Space IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Awfis Space IPO Dates & Listing Performance

Awfis Space Solutions IPO Opening Date	22 May 2024
Awfis Space Solutions IPO Closing Date	24 May 2024
Finalization of Basis of Allotment	Coming soon
Initiation of refunds	Coming soon
Transfer of shares to demat accounts	Coming soon
Awfis Space IPO Listing Date	Coming soon
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
BP Wealth –
Capital Market –
Canara Bank Securities –
Choice Broking –
Dalal & Broacha –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital –
Hem Securities –
ICICIdirect –
Investmentz –
Jainam Broking –
DR Choksey –
LKP Research –
Marwadi Financial –
Mehta Equities –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities –
SBI Securities –
SMC Global –
Swastika Investmart –
Ventura Securities –

Awfis Space Offer Lead Manager

AXIS CAPITAL LIMITED
1st Floor, Axis House C-2 Wadia International Center
Pandurang Budhkar Marg, Worli Mumbai – 400 025 Maharashtra
Phone: +91 22 4325 2183
Email: [email protected]
Website: www.axiscapital.co.in

Awfis Space Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

AWFIS SPACE SOLUTIONS LIMITED
C-28-29, Kissan Bhawan,
Qutab Institutional Area, New Delhi 110 016
Phone: +91 11 4106 1878
Email: [email protected]
Website: www.awfis.com

Awfis Space Solutions IPO FAQs

How many shares in Awfis Space IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.

How to apply for an Awfis Space Public Offer?

The best way to apply for Awfis Space’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.