Awfis Space Solutions IPO Review

 
Awfis Space Solutions IPO Review

IPO Open Date: May 22, 2024

IPO Close Date: May 27, 2024

IPO Price: ₹364 to ₹383 per share

Lot Size: 39 Shares

Listing: May 30, 2024

Awfis Space Solutions is scheduled to hit the market on May 22, 2024 and close on May 27, 2024. Awfis Space Solutions plans to raise around ₹598.93 Cr through an IPO with a sale of up to 15,637,736 equity shares of ₹10 each.  The Retail offered 10%, QIB Shares Offered 75%, HNI Shares Offered 15%

Awfis Space Solutions Limited, established in December 2014, is a prominent workspace solution provider in India. Offering a diverse range of flexible workspace solutions, the company caters to a wide spectrum of clients, including individuals, start-ups, SMEs, and large corporations. Their primary focus lies in co-working spaces, encompassing flexible workspaces, customized office solutions, and mobility options. In addition to workspace provisions, Awfis Space Solutions Limited extends its services to include amenities like food and beverages, IT support, infrastructure services, and event hosting. With 169 operational centers spread across 16 cities in India as of December 31, 2023, the company boasts a total of 105,258 seats and a chargeable area of 5.33 million sq. ft., with further expansion underway as 31 additional centers are currently under fit-out, offering an extra 25,312 seats over 1.23 million sq. ft.

Moreover, Awfis Space Solutions Limited has broadened its service portfolio to include in-house fit-out services and facility management at its centers. An impressive 81.66% of the company's centers are categorized as commercial assets, while the remaining 18.34% fall under alternate assets. Employing a dedicated team of over 100 hospitality professionals to cater to client needs, the company also boasts a team of 63 designers and project managers focused on enhancing the overall industry experience. This commitment to comprehensive workspace solutions and continued growth underscores Awfis Space Solutions Limited's position as a key player in the Indian workspace industry.

Awfis Space Solutions



Awfis Space Solutions IPO Details

Awfis Space Solutions IPO opens on May 22, 2024, and closes on May 27, 2024. The Listing date for Awfis Space Solutions IPO is on May 30, 2024. The price band for IPO is ₹364 to ₹383 per share and lot size of 39 Shares.

IPO DateMay 22, 2024 to May 27, 2024
Listing DateMay 30, 2024
Price₹364 to ₹383 per share
Lot Size39 Shares
Issue Size₹598.93 Cr
Face Value₹10 per share

Awfis Space Solutions IPO Tentative Timetable

Awfis Space Solutions opening date is May 22, 2024 and close date is May 27, 2024. The IPO allotment date is May 28, 2024. The refund initiation of IPO is on May 29, 2024. The credit of shares in demat account is on May 29, 2024. The listing date is on May 30, 2024.

EventDate
IPO OpeningMay 22, 2024
IPO ClosingMay 27, 2024
IPO Allotment DateMay 28, 2024
Refund InitiationMay 29, 2024
Shares Credit to DematMay 29, 2024
Lisiting DateMay 30, 2024

Awfis Space Solutions IPO Lot Size

Lot Size of this IPO is 39 shares. A retail-individual investor can apply for up to 13 lots (507 shares or ₹194,181).

CategoryLotsSharesAmount
Retail(Minimum)139₹14,937
Retail(Maximum)13507₹194,181
S-HNI (Minimum)14546₹209,118
B-HNI (Minimum)672,613₹1,000,779

Awfis Space Solutions IPO Promoter Holding

Pre Issue Share Holding41.05%
Post Issue Share Holding

Awfis Space Solutions IPO Review

Awfis Space Solutions Ltd., the largest flexible workspace solutions provider in India, is all set to launch its maiden IPO. With a strong presence in 52 micro markets across 16 cities in India, Awfis has positioned itself as a one-stop integrated solution platform for various workspace requirements. The company boasts 2295 clients and offers a wide range of flexible workspace solutions tailored for start-ups, SMEs, and large corporations.

The IPO comprises a combo book building route with fresh equity shares and an Offer for Sale, making it an attractive opportunity for investors. Despite posting losses till December 31, 2023, Awfis has shown significant growth in its top line, indicating potential for future profitability. The company's focus on building mid-size centers and expanding its business offerings showcases a strategic approach towards operational efficiency and customer satisfaction.

Investors looking for a long-term investment with a company poised for growth in India's dynamic workspace solutions sector should consider Awfis Space Solutions Ltd.'s IPO. With a solid market presence, steady growth trajectory, and plans for expansion supported by the IPO proceeds, Awfis presents an intriguing opportunity for well-informed investors seeking exposure to the evolving workspace industry in India. Don't miss out on this chance to be part of Awfis' journey towards transforming the flexible workspace landscape in the country.

Awfis Space Solutions IPO Subscription Status (Bidding Details)

Table not found

Awfis Space Solutions IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Awfis Space Solutions IPO FAQs

What is Awfis Space Solutions IPO?

Awfis Space Solutions is issuing 15,637,736 equity shares with a face value of 10 each, totaling up to ₹598.93 Cr. The shares are being offered at a price of ₹364 to ₹383 each, with a minimum order quantity of 39 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Awfis Space Solutions IPO will open?

Awfis Space Solutions will open on May 22, 2024 for QIB, NII, and Retail Investors.

When Awfis Space Solutions IPO will end?

Awfis Space Solutions will end on May 27, 2024.

What is Awfis Space Solutions IPO Size?

Awfis Space Solutions IPO size is 598.93 Cr.

What is Awfis Space Solutions IPO Price Band?

Awfis Space Solutions price band is ₹364 to ₹383 per share.

What is the Awfis Space Solutions IPO Allotment Date?

Awfis Space Solutions allotment date is May 28, 2024.

What is the Awfis Space Solutions IPO Listing Date?

Awfis Space Solutions listing date is May 30, 2024. The IPO is to be listed on BSE and NSE.

How to Awfis Space Solutions IPO through Zerodha?

To apply for the IPO “Awfis Space Solutions” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Awfis Space Solutions IPO through Upstox?

To apply for the IPO “Awfis Space Solutions” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Awfis Space Solutions IPO Allotment Status?

For Awfis Space Solutions IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Awfis Space Solutions IPO GMP?

You can check out here: Awfis Space Solutions IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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