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Awfis Space Solutions Limited
Issue Size (Net)
up to Rs.598.93 Cr
Price Band
Rs.364 to Rs.383 per share
Issue Opens
May 22, 2024
Issue Closes
May 27, 2024

Company Highlights

1.Company Information

Incorporated in December 2014, Awfis Space Solutions Limited is a workspace solution provider in India

The company offers a wide range of flexible workspace solutions, catering to the needs of individuals, start-ups, SMEs, and large corporations.

The company's core solution is co-working, including flexible workspaces, custom office spaces, and mobility solutions. Awfis Space Solutions Limited also provide supporting services such as food and beverages, IT support, infrastructure services, and event hosting.

As of December 31, 2023, the company operates 169 centers across 16 cities in India, with a total of 105,258 seats and a chargeable area of 5.33 million sq. ft. Additionally, 31 centers with 25,312 seats are currently under fit-out, with a chargeable area totaling 1.23 million sq. ft.

The company has expanded its business offerings and now provides in-house fit-out and facility management services at its center

2. Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1. Funding capital expenditure towards the establishment of new centres;
2. Funding the working capital requirements and
3.General corporate purposes
3.Awfis Space Solutions IPO Registrar
Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Awfis Space Solutions Limited Financial Information (Restated Consolidated)

Period Ended
Assets
Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Dec-23
1352.25
633.69
-18.94
247.19
-265.56
23.72
31-Mar-23
930.61
565.79
-46.64
169.36
-204.3
10.92
31-Mar-22
559.69
278.72
-57.16
94.72
-223.37
12.11
31-Mar-21
508.58
216.02
-42.64
150.75
-167.12
2.97
Amount in Rs. Crore

Awfis Space Solutions IPO Details

Issue Opening Date
May 22, 2024
Issue Closing Date
May 27, 2024
Face Value
Rs.10 per share
Price
Rs.364 to Rs.383 per share
Lot Size
39 Shares
Issue Size
15,637,736 shares(aggregating up to Rs.598.93 Cr)
Fresh Issue
3,342,037 shares(aggregating up to Rs.128.00 Cr)
Offer for Sale
12,295,699 shares of Rs.10(aggregating up to Rs.470.93 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Awfis Space Solutions IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Wednesday, May 22, 2024
Closing Date
Monday, May 27, 2024
Basis of Allotment
Tuesday, May 28, 2024
Initiation of Refunds
Wednesday, May 29, 2024
Credit of Shares to Demat
Wednesday, May 29, 2024
Listing Date
Thursday, May 30, 2024
Cut-off time for UPI mandate confirmation
5 PM on May 27, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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