Awfis Space Solutions Limited

Company Profile
Company Name Awfis Space Solutions Limited
Open Date 22-05-2024
Close Date 27-05-2024
Exchange BSE, NSE
Lot Size 39 Shares
Issue Price ₹364 to ₹383 per share
Issue Size 1,56,37,736 shares
Application Amount Min. Inv. - ₹ 14,937 (39 shares) Max. Inv. – ₹ 1,94,181 (507 shares)
Recommendation Avoid

Awfis Space Solutions was incorporated in Dec 2014 and has its registered office in New Delhi. The Company 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. The Company also provides supporting services such as food and beverages, IT support, infrastructure services, and event hosting. The company operates 169 centres across 16 cities in India, with a total of 1,05,258 seats and a chargeable area of 5.33 million sq. ft. The company has expanded its business offerings and now provides in-house fit-out and facility management services at its centres. The company had a team of 3053 employees on the payroll as on 31st December 2023.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 508.58 559.69 930.61 1352.24
Net Assets 150.75 94.72 169.36 247.19
Total Borrowings 2.97 12.11 10.92 97.13
Total Revenue 216.02 279.12 565.79 633.70
Profit After Tax -42.66 -57.16 -46.63 -18.94

Tentative Timeline

Opening Date 22/05/2024
Closing Date 27-05-2024
Basis of Allotment 28-05-2024
Initiation of Refunds 29-05-2024
Credit of Shares to Demat 29-05-2024
Listing Date 30-05-2024

Objects of the Issue

Funding the Working capital requirements.
General Corporate Purposes
Funding capital expenditure towards establishment of new centres

Contact Information

Registered Office Awfis Space Solutions Limited C-28-29, Kissan Bhawan Qutab Institutional Area New Delhi-110016
Phone +91 1141061878

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

QIB Shares Offered Not less than 75% of the Net Issue
Retail Shares Offered Not more than 10% of the Net Issue
NII (HNI) Shares Offered Not more than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 41.53%
Share Holding Post Issue (Promoters) 30.01%

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