Awfis Space Solutions IPO: All You Need To Know Before Applying

  • 15-May-2024
  • 2 mins read

Awfis Space Solutions IPO is a book-built issue. Awfis Space Solutions IPO is a book-built issue. This IPO issue is a mix of fresh issue and OFS

Awfis Space Solutions Limited IPO is open for subscription starting Wednesday, May 22, 2024, and closing on Monday, May 27, 2024. The price is decided at Rs 364 to Rs 383 per share. The minimum lot size of this IPO application for the retail category is 39 shares. The minimum lot size for small NI investors is 14 lots consisting of 546 shares. Meanwhile, the minimum lot for big non-institutional investors is 67 lots with 2,613 shares. The minimum investment required for retail category investors is Rs 14,937 (383 x 39 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,09,118 (383 x 546 shares); for big non-institutional investors, it is Rs 10,00,779 (383 x 2,613 shares). Awfis Space Solutions IPO is a book-built issue. Awfis Space Solutions IPO is a book-built issue. This IPO issue is a mix of fresh issue and OFS. The fresh issue is of Rs 128.00 crore and offer-for-sale of Rs 1.23 crore shares. The allotment for this IPO is expected to be finalised on Tuesday, May 28, 2024. Awfis Space Solutions Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Thursday, May 30, 2024. The book-running lead managers of Awfis Space Solutions Limited are ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, Emkay Global Financial Financial Services Limited. The registrar for this new IPO is Bigshare Services Private Limited.

About Awfis Space Solutions Limited

Awfis Space Solutions Limited was incorporated in December 2014, is engaged in providing workspace solutions in India. The company offers a range of flexible workspace solutions catering for the needs of individuals, startups, SMEs and large corporations. Awfis core solutions is co-working flexible workspace, custom office space and mobility solutions. The company also provides supporting services such as food and beverages, IT support, Infrastructure services and event housing. As per the latest record, the company operates 169 centres across 16 cities in India with 1,05,258 seats and a chargeable area of 5.33 million square feet. As of 31 December 2023, the company's commercial assets are 81.66% and the remaining 18.34% are alternative assets. Awfis Space Solutions had a team of 100 employees with a hospitality background, serving every client's needs. 

Objectives of Awfis Space Solutions IPO

The net amount raised from this initial public offer is likely to be utilised to fund the capital expenditure toward establishing a new centre. Additionally, to fund day-to-day capital requirements of the company. The general corporate purposes will also be fulfilled. 

Financials of Awfis Space Solutions Limited (Amt in Rs Crore)

Awfis Space Solutions reported a revenue of RS 1,154.71 crore and net profit of Rs 74.50 crore for the quarter ended on 31 December 2023. Between the FY ending on March 31, 2023 and March 31, 2022, Awfis Space Solutions’s revenue increased by 103% and PAT increased by 18.4%. 

Period Ended 31-Dec-23 31-Mar-23 31-Mar-22 31-Mar-21
Assets 766.4 491.72 359.71 208.33
Revenue 1,154.71 1,219.05 1,094.03 746.28
Profit After Tax 74.5 58.79 27.33 12.85
Net Worth 315.73 156.86 98.07 32.26
Reserves and Surplus 46.91 135.16 76.37 22.26
Total Borrowing 204.05 190.38 147.5 128.08

Other Important Details of Awfis Space Solutions Limited IPO

IPO Date May 22, 2024 to May 27, 2024
Listing Date 30-May-24
Face Value Rs 10 per share
Price Band Rs 364 to Rs 383 per share
Lot Size 39 Shares
Total Issue Size 15,637,736 shares amounting to Rs 598.93 crore
Fresh Issue 3,342,037 shares amounting to Rs 128.00 crore
Offer for Sale 12,295,699 shares of Rs 10 amounting to Rs 470.93 crore
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Shareholding pre issue 66,075,779
Shareholding post issue 69,417,816

Time-Table of Awfis Space Solutions Limited IPO

IPO Open Date Wednesday, May 22, 2024
IPO Close Date Monday, May 27, 2024
Basis of Allotment 28-May-24
Initiation of Refunds 29-May-24
Credit of Shares to Demat 29-May-24
Listing Date 30-May-24
Cut-off time for UPI mandate 5 PM on May 27, 2024

Lot Size of Awfis Space Solutions Limited IPO

Application Lots Shares Amount
Retail - minimum 1 39 Rs 14,937
Retail - maximum 13 507 Rs 194,181
S-HNI - minimum 14 546 Rs 209,118
S-HNI - maximum 66 2,574 Rs 985,842
B-HNI - minimum 67 2,613 Rs 1,000,779

IPO Reservation of Awfis Space Solutions Limited

Investor Category Shares Offered
QIB Shares Not less than 75 percent of the Issue
Retail Shares Not more than 10 percent of the Issue
NII (HNI) Shares Not more than 15 percent of the Issue

Promoters Holdings of Awfis Space Solutions Limited

Shareholding Pre Issue 41.05 percent
Shareholding Post Issue -

Key Performance Indicator of Awfis Space Solutions Limited IPO

Performance Indicator Values
ROCE 37%
Debt/Equity 0.1
RoNW -7.66%

Lead Manager(s) of Awfis Space Solutions Limited IPO

The lead manager for Awfis Space Solutions Limited IPO is ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, Emkay Global Financial Financial Services Limited. 

How do you apply for the Awfis Space Solutions Limited IPO?

Wait for the public issue to open for subscription, then visit our website to apply for the Awfis Space Solutions Limited IPO with Bigul.

How do you check the allotment status of Awfis Space Solutions Limited IPO?

The registrar for Awfis Space Solutions Limited IPO is Bigshare Service Private Limited. To check your allotment status, please click here.

FAQs

  1. What are the details of Awfis Space Solutions Limited IPO 2024?

Awfis Space Solutions IPO is a book-built issue. This IPO issue is a mix of fresh issue and OFS. The fresh issue is of Rs 128.00 crore and offer-for-sale of Rs 1.23 crore shares. 

  1. Who are the lead managers for the Awfis Space Solutions Limited IPO?

The lead manager for Awfis Space Solutions Limited IPO is ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, Emkay Global Financial Financial Services Limited. 

  1. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Awfis Space Solutions Limited, handling the IPO's administrative aspects.

  1. How can I apply for the Awfis Space Solutions Limited IPO?

The public subscription of this IPO will open on May 22, 2024. Visit the Bigul website for the application process.

  1. How will the net proceeds from the IPO be utilised?

The net amount raised from this initial public offer is likely to be utilised for funding the capital expenditure toward the establishment of a new centre. Additionally, to fund day-to-day capital requirements of the company. The general corporate purposes will also be fulfilled. 

  1. How can I check the allotment status of the IPO?

Investors can check out the allotment status of the Awfis Space Solutions Limited IPO 2024 by visiting here.

  1. What is the financial performance of Awfis Space Solutions Limited?

Awfis Space Solutions reported a revenue of RS 1,154.71 crore and net profit of Rs 74.50 crore for the quarter ended on 31 December 2023. Between the FY ending on March 31, 2023 and March 31, 2022, Awfis Space Solutions’s revenue increased by 103% and PAT increased by 18.4%.


Close

Let's Open Free Demat Account