What you must know about Awfis Space Solutions IPO?
by 5paisa Research Team
16 May 2024
AWFIS Space IPO Details
- Open Date 22-May-24
- Close Date 27-May-24
- Lot Size 39
- IPO Size ₹ 598.93 Cr
- IPO Price Range ₹ 364 to ₹ 383
- Min Investment ₹ 14,937
- Listing Exchange BSE, NSE
- Basis of Allotment 28-May-24
- Refunds 29-May-24
- Credit to Demat Account 29-May-24
- Listing Date 30-May-24
AWFIS Space Solutions IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-May-24 | 0.30 | 2.79 | 6.26 | 2.07 |
| 23-May-24 | 0.32 | 6.86 | 12.42 | 4.32 |
AWFIS Space IPO Synopsis
Last Updated: 23rd May 2024, 06:23 PM by 5paisa
Awfis Space Solutions IPO is set to open from 22nd May to 27th May 2024. The company offers flexible workspace solutions. The IPO includes a fresh issue of 3,342,037 equity shares worth ₹128 cr. and an Offer-for-Sale (OFS) of 12,295,699 shares worth ₹470.93 cr. The total IPO size is ₹598.93 cr. The share allotment date is 28th May 2024, and the IPO will be listed on 30th May 2024 on the stock exchanges. The price band is set at ₹364 to ₹383 and the lot size is 39 shares.
ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, and Emkay Global Financial Services are the book-running lead managers for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Awfis Space IPO
● To fund the establishment of new centres via funding expenditure
● For working capital requirements
● General corporate purposes
Awfis Space IPO Video
Awfis Space IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 598.93 |
| Offer for sale | 470.93 |
| Fresh issue | 128.00 |
Awfis Space IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 39 | ₹14,937 |
| Retail (Max) | 13 | 507 | ₹194,181 |
| S-HNI (Min) | 14 | 546 | ₹209,118 |
| S-HNI (Max) | 66 | 2,574 | ₹985,842 |
| B-HNI (Min) | 67 | 2,613 | ₹1,000,779 |
Awfis Space IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 0.32 | 46,75,656 | 14,82,585 | 56.78 |
| NII (HNI) | 6.86 | 23,37,827 | 1,60,32,315 | 614.04 |
| Retail | 12.42 | 15,58,551 | 1,93,59,561 | 741.47 |
| Employees | 6.89 | 57,636 | 3,97,293 | 15.22 |
| Total | 4.32 | 86,29,670 | 3,72,71,754 | 1,427.51 |
Awfis Space IPO Anchor Allocation
| Anchor Bid Date | 21 May, 2024 |
| Total no. of shares offered | 7,013,483 |
| Portion Size for Anchor Investors | 268.62 Cr. |
| Lock in Period for 50% shares (30 days) | 27 June, 2024 |
| Lock in Period for rest of shares (90 days) | 26 August, 2024 |
About AWFIS Space Solutions
Established in 2016, Awfis Space Solutions Limited offers flexible workspace solutions. It was also India’s largest provider of flexible workspace solutions as of December 2024 in terms of total centres. It provides a wide range of services which include individual flexible desk needs to customise office spaces for start-ups, small and medium enterprises (SMEs) and large companies and MNCs.
In addition to this, Awfis is engaged in designing, building, and maintaining flexible workspace requirements like Awfis Transform ( construction & fit-out services) and Awfis Care ( facility management services). Awfis also has an allied services business for offering services for food and beverages, IT support, and infrastructure services including storage and customisation for events and meetings.
As of 31st December 2023, Awfis ranked first in terms of maximum presence in India’s micro markets with 169 total centres in 16 cities with 105,258 total seats as well a total chargeable area of 5.33 million sq. ft. The company’s clientele has 2295 members in 52 Indian micro markets for the same period.
Peer Comparison
No listed peers
For More Information:
Webstory on Awfis Space Solutions IPO
AWFIS Space Solutions Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 545.28 | 257.04 | 178.36 |
| EBITDA | 176.10 | 90.00 | 90.70 |
| PAT | -46.63 | -57.15 | -42.64 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 930.60 | 559.68 | 508.58 |
| Share Capital | 30.13 | 30.13 | 30.13 |
| Total Borrowings | 761.24 | 464.96 | 357.82 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 195.18 | 82.69 | 57.44 |
| Net cash from / (used in) investing activities | -170.10 | -7.21 | -37.73 |
| Net cash flow from / (used in) financing activities | -27.77 | -79.85 | -16.68 |
| Net increase (decrease) in cash and cash equivalents | -2.69 | -4.37 | 3.01 |
AWFIS Space IPO Key Points
-
Strengths
1. The company has leadership in a large and growing marketplace.
2. It focuses on innovation in the flexible workspace industry with the adoption of the MA model.
3. It also has diverse space sourcing and demand strategies.
4. It has demonstrated strong financial and operating metrics.
5. Experienced management team.
-
Risks
1. The company has a history of net losses, negative EPS, and return on net worth.
2. It has reported negative cash flows in the past.
3. It faces significant competitive pressures in the industry it operates in.
4. High working capital requirements.
AWFIS Space
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AWFIS Space IPO FAQs
When does Awfis Space Solutions IPO opens and closes?
Awfis Space Solutions IPO opens from 22nd May to 27th 2024.
What is the size of Awfis Space Solutions IPO?
The Awfis Space Solutions IPO size is ₹598.93 cr.
How to apply for Awfis Space Solutions IPO?
To apply for Awfis Space Solutions IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Awfis Space Solutions IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Awfis Space Solutions IPO?
The price band of Awfis Space Solutions IPO is set at ₹364 to ₹383 per share.
What is the minimum lot size and investment required for Awfis Space Solutions IPO?
The minimum lot size of Awfis Space Solutions IPO is 39 shares and the minimum investment required to apply for the IPO is ₹14,196.
What is the allotment date of Awfis Space Solutions IPO?
The share allotment date of Awfis Space Solutions IPO is 28th May 2024.
What is Awfis Space Solutions IPO listing date?
The Awfis Space Solutions IPO will be listed on 30th May 2024.
Who are the book runners for Awfis Space Solutions IPO?
ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, and Emkay Global Financial Services are the book-running lead managers for Awfis Space Solutions IPO.
What is the objective of Awfis Space Solutions IPO?
Awfis Space Solutions Limited will use the proceeds from the IPO for:
● To fund the establishment of new centres via funding expenditure
● For working capital requirements
● General corporate purposes
Contact Details of AWFIS Space Solutions IPO
Contact Information
Awfis Space Solutions Limited
C-28-29, Kissan Bhawan
Qutab Institutional Area
New Delhi-110016
Phone: +91 1141061878
Email: cs.corp@awfis.com
Website: https://www.awfis.com/
AWFIS Space Solutions IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
AWFIS Space Solutions IPO Lead Manager
IIFL Securities Ltd
ICICI Securities Limited
Emkay Global Financial Services Ltd
Axis Capital Limited
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