Awfis Space Solutions Limited IPO aiming to raise Rs 598.93 crores through a book-built issue. The IPO opens for subscription from May 22, 2024, to May 27, 2024.
Awfis Space Solutions Limited, a prominent player in the flexible workspace solutions market, is gearing up for its Initial Public Offering (IPO) slated to open on May 22, 2024. This IPO is highly anticipated given the company’s rapid growth and the increasing demand for flexible office spaces in a post-pandemic world.
About Awfis Space Solutions Limited.
Awfis Space Solutions, founded in 2015, is one of India’s leading providers of co-working spaces. The company offers a range of services including shared workspaces, private offices, and meeting rooms across major cities in India. Awfis aims to cater to the needs of startups, SMEs, and large enterprises looking for flexible and cost-effective office solutions.
Business Model.
Awfis operates on a hybrid model, combining leased and managed spaces. The company leases properties, designs and manages the workspace, and then rents it out to clients on flexible terms. This model allows Awfis to scale rapidly without heavy capital expenditure on property purchases.
Market Network Position.
With over 100 centers covering around 16 cities and 48 micro markets in India, Awfis has established itself as a significant player in the Indian flexible workspace market. The company’s innovative approach and robust technology platform have enabled it to attract a diverse clientele.
Financial Performance.
Revenue and Profitability.
Awfis has demonstrated impressive revenue growth over the past few years. For the fiscal year 2023, the company revenues was around NR 400 crore, marking a 30% increase from the previous year. However, the company is yet to achieve consistent profitability, which is common in the rapidly expanding flexible workspace industry.
Assets and Liabilities.
As of March 31, 2023, Awfis total assets worth around INR 1,200 crore and liabilities of around INR 800 crore. The company’s debt-to-equity ratio stands at 1.5, reflecting a balanced approach to leveraging debt for growth.
Cash Flow.
Awfis has been able to maintain positive cash flows from operations, driven by strong demand and efficient cost management. The company’s free cash flow in FY 2023 was INR 50 crore, which is a positive indicator for potential investors.
Also Read: Eicher Motors Announces 42nd AGM and Record Date for Dividend August 7, 2024.
Awfis Space Solutions Limited IPO Overview.
The Awfis Space Solutions Limited IPO Subscription is open for apply from May 22, 2024, to May 27, 2024. On Tuesday, May 28, 2024, the allotment for this IPO is scheduled to be finalized. The BSE and NSE plan to float Awfis Space Solutions, with an expected listing date of Thursday, May 30, 2024. the Awfis Space Solutions Limited IPO price range is defined at ₹364 to ₹383 per share. For retail investors a minimum investment will be ₹14,937 for 1 lot size = 39 shares. The company Awfis Space Solutions Limited operates in the flexible workspace solutions sector, offering various services like co-working spaces, custom office spaces, and supporting services. Despite steady revenue growth, the company has incurred losses in recent years, leading to a negative P/E ratio.
Purpose Of The Awfis Space Solutions IPO Issue.
The company Awfis Space Solutions Limited plans to allocate the net proceeds from the issue to various strategic initiatives include funding capital expenditure, working capital requirements, and general corporate purposes.
Awfis Space Solutions Limited IPO Details.
| IPO Date | May 22, 2024 to May 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹364 to ₹383 per share |
| Lot Size | 39 Shares |
| Listing At | BSE, NSE |
Awfis Space Solutions Limited IPO Timetable (Expected), Open Date, Close Date, Allotment, Listing Date.
| IPO Open Date | Wednesday, May 22, 2024 |
| IPO Close 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 |
Awfis Space Solutions Limited IPO Lot Size, Retail Minimum Investment & Maximum Investment.
| Retail (Minimum) | 1 | 39 | ₹14,937 |
| Retail (Maximum) | 13 | 507 | ₹194,181 |
Awfis Space Solutions IPO GMP Today | Awfis Space Solutions Limited IPO Grey Market Price.
Kindly be aware that the GMP prices displayed here are exclusively for informational purposes related to the grey market. We neither participate in nor endorse any transactions or dealings within the grey market, including its rates. Additionally, we do not advise or encourage investment in grey market trading.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 25-05-2024 | 383.00 | ₹113 | ₹496 (29.5%) | 25-May-2024 20:02 |
| 24-05-2024 | 383.00 | ₹108 | ₹491 (28.2%) | 25-May-2024 0:30 |
| 23-05-2024 | 383.00 | ₹100 | ₹483 (26.11%) | 24-May-2024 0:26 |
| 22-05-2024 | 383.00 | ₹122 | ₹505 (31.85%) | 23-May-2024 0:32 |
| 21-05-2024 | 383.00 | ₹150 | ₹533 (39.16%) | 22-May-2024 0:26 |
| 20-05-2024 | 383.00 | ₹165 | ₹548 (43.08%) | 21-May-2024 0:29 |
| 19-05-2024 | 383.00 | ₹105 | ₹488 (27.42%) | 20-May-2024 0:30 |
| 18-05-2024 | 383.00 | ₹105 | ₹488 (27.42%) | 19-May-2024 0:28 |
| 17-05-2024 | 383.00 | ₹75 | ₹458 (19.58%) | 18-May-2024 0:30 |
| 16-05-2024 | 383.00 | ₹80 | ₹463 (20.89%) | 17-May-2024 0:23 |
| 15-05-2024 | ₹0 | ₹ (0%) | 15-May-2024 12:32 |
How To Buy Awfis Space Solutions Limited IPO?
Awfis Space Solutions Limited IPO applications can be submitted online with either UPI or ASBA as a payment method.
The ASBA IPO application is available in your bank’s net banking.
You can apply for Awfis Space Solutions Limited IPO via UPI Payment directly from the broker platforms that offer IPO. You can also apply for Awfis Space Solutions Limited IPO through the below broker platforms.
- Apply for Awfis Space Solutions Limited IPO in Zerodha.
Create an Account & Apply for Awfis Space Solutions Limited IPO In Zerodha.
- Apply for Awfis Space Solutions Limited IPO in Upstox.
Create an Account & Apply for Awfis Space Solutions Limited IPO In Upstox.
Awfis Space Solutions Limited IPO Frequently Asked Questions. | People Also Ask for Awfis Space Solutions Limited IPO.
What is Awfis space solutions limited IPO?
Awfis Space Solutions Limited is set to launch an Initial Public Offering (IPO). Awfis Space Solutions Limited IPO is opens for subscription from May 22, 2024, to May 27, 2024. The Awfis Space Solutions Limited IPO price range is defined at ₹364 to ₹383 per share. For retail investors a minimum investment will be ₹14,937 for 1 lot size = 39 shares.
Awfis space solutions limited ipo review.
The Awfis Space Solutions Limited IPO Subscription is open for apply from May 22, 2024, to May 27, 2024. On Tuesday, May 28, 2024, the allotment for this IPO is scheduled to be finalized. The BSE and NSE plan to float Awfis Space Solutions, with an expected listing date of Thursday, May 30, 2024. the Awfis Space Solutions Limited IPO price range is defined at ₹364 to ₹383 per share. For retail investors a minimum investment will be ₹14,937 for 1 lot size = 39 shares. The company Awfis Space Solutions Limited operates in the flexible workspace solutions sector, offering various services like co-working spaces, custom office spaces, and supporting services. Despite steady revenue growth, the company has incurred losses in recent years, leading to a negative P/E ratio.
When Awfis Space Solutions IPO will open?
Awfis Space Solutions IPO will open for apply on Wednesday, May 22, 2024.
When Awfis Space Solutions IPO will close?
Awfis Space Solutions IPO will close on Monday, May 27, 2024.
What is the allotment date for Awfis Space Solutions IPO?
The allotment date for Awfis Space Solutions IPO is on Tuesday, May 28, 2024.
When are Awfis Space Solutions IPO shares credited to the Demat account?
Awfis Space Solutions IPO shares will credit to the Demat account on Wednesday, May 29, 2024.
What is Awfis Space Solutions IPO listing price?
As on 25 May 2024, the Awfis Space Solutions IPO GMP is ₹113.00 with an estimated IPO listing price of ₹496 (29.5%).
Awfis space Solutions limited IPO price.
The Awfis Space Solutions Limited IPO price range is defined at ₹364 to ₹383 per share. For retail investors a minimum investment will be ₹14,937 for 1 lot size = 39 shares
Awfis space Solutions limited IPO price today.
The Awfis Space Solutions Limited IPO price range is defined at ₹364 to ₹383 per share. For retail investors a minimum investment will be ₹14,937 for 1 lot size = 39 shares
What is the size of Awfis IPO?
For retail investors a minimum lot is 1 = 39 shares for investment of ₹14,937.00 and maximum lot is 13 = 507 shares for investment of ₹194,181.00
What is Awfis Space Solutions IPO GMP today?
As on 25 May 2024, the Awfis Space Solutions IPO GMP is ₹496 (29.5%).
How to apply for Awfis Space Solutions IPO?
Awfis Space Solutions Limited IPO applications can be submitted online with either UPI or ASBA as a payment method.
The ASBA IPO application is available in your bank’s net banking. You can apply for Awfis Space Solutions Limited IPO via UPI Payment directly from the broker platforms that offer IPO.
You can also apply for Awfis Space Solutions Limited IPO through the below broker platforms.
Apply for Awfis Space Solutions Limited IPO in Zerodha.
Create an Account & Apply for Awfis Space Solutions Limited IPO In Zerodha.
Apply for Awfis Space Solutions Limited IPO in Upstox.
Create an Account & Apply for Awfis Space Solutions Limited IPO In Upstox.
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