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Awfis Space Solutions IPO – GMP, Details & Review

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Awfis Space Solutions Limited who are largest flexible workspace solutions company in India are raising ₹598.93 crores approximately through Initial Public Offerings (IPO). The IPO will be open from 22 May, 2024 and will close on 27th May, 2024. The IPO Price band is set to ₹383 and a retail investor can do minimum investment of ₹14,937 for a single lot of 39 shares.

Awfis Space Solutions Limited Ranked 1st among the top 5 benchmarked players in the flexible workspace segment with presence in 16 cities in India. Company offers a broad range of flexible workspace options, from specialized office spaces to individual flexible desk requirements for start-ups, small and medium-sized businesses, as well as for large corporations and multinational corporations.

Over a period of time, company evolved from a co-working space to an integrated workspace solutions platform. While their core solution is co-working solutions which includes flex workspaces, customized office spaces and mobility solutions. Company also provide allied services ranging from food and beverages, information technology support services and infrastructure services such as storage and customization to event hosting and meeting arrangements.

Awfis Space Solutions IPO Important Dates And Prices

IPO Opening DateMay 22, 2024
IPO Closing DateMay 27, 2024
IPO Allotment DateMay 28, 2024
Date of Refund InitiationMay 29, 2024
Single Price₹383
Total Shares39/Lot
Minimum Investment₹14,937
IPO ListingMay 30, 2024
Listing OnBSE, NSE Both

Awfis Space Solutions IPO Other Important Details

IPO Issue Size₹598.93 Crores
IPO Face Value₹10/Share
IPO Retail Percentage10%
QIB Percentage75%
NII Percentage15%
Retail Min. Investment (1 Lot)₹14,937 (39 Shares)
Retail Max. Investment (13 Lots)₹194,181 (507 Shares)
S-HNI Min. Investment (14 Lots)₹209,118 (546 Shares)
S-HNI Max. Investment (67 Lots)₹1000,779 (2613 Shares)
IPO Mandate Last Date27 May, 2024 (Till 5 PM)
IPO RegistrarBigshare Services Pvt. Ltd.

Awfis Space Solutions IPO GMP (Grey Market Premium)

Day By Day analysis of Awfis Space Solutions Limited IPO GMP. IPO Grey Market Premium can increase or decrease depending upon the buyer interests.

DateGMP
As On 16-05-202475
As On 17-05-202480
As On 21-05-2024150
As On 22-05-2024120
As On 23-05-2024120
As On 24-05-2024110
As On 25-05-2024110
As On 27-05-2024113

Awfis Space Solutions Limited Promoters

  • Amit Ramani (Chairman and Managing Director)
  • Peak XV Partners Investments V (formerly known as SCI Investments V)

Shareholding Pattern or Promoter Holding in Awfis Space Solutions IPO

Equity ShareholdingNo. of SharesPercentage of Shares
Pre Issue27,444,40341.05%
Post Issue[●][●]

Awfis Space Solutions Limited Qualities

  • Company is present in all Tier 1 cities and seven Tier 2 cities, covering 16 cities and 48 micro markets in India.
  • Company focus is on building mid-size centers in order to strike an optimal balance between operational efficiency, optimal center margins, occupancy build-up and community engagement, which is a smart move.
  • Company has built a real-time dashboard for their facility managers to track and analyze efficiencies.
  • Company has built a strong foundation over the last few years to ensure a strong growth.
IncorporationRegistered OfficeWebsiteIPO Doc
December 17, 2014C-28-29, Kissan Bhawan,
Qutab Institutional Area, New
Delhi 110016, India
www.awfis.comRHP PDF

Objectives of the Awfis Space Solutions IPO Issue

Awfis Space Solutions Limited Company is going to use the funds in:

  • Establishment of new centers – In order to grow, company wants to expand their operations by opening new centers in India. They are planning to establish 45 new centers under the ‘Awfis’ format in Fiscal 2025, out of which setting up of 33 new centers shall be funded from internal accruals while setting up of the balance 12 new centers shall be funded from the Net Proceeds of the IPO.
  • To fulfill working capital requirements of the company
  • General corporate purposes

In addition Company is expecting to enhance their visibility & brand name among their existing and potential customers and creation of a public market for the Equity Shares in India

Read More: Latest IPO GMP Today


Awfis Space Solutions IPO Review (May Apply)

Financials31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
EBITDA (₹ in millions)1,954.991,760.63899.96907.49
PAT (₹ in millions)189.42466.37571.56426.42
EBITDA Margin (%)30.8531.1232.2942.01
PAT Margin (%)2.998.2420.5119.74
ROCE (%)49.9125.261.7510.88
EPS (in ₹)3.058.1110.688.38
RONW %7.6627.5460.3428.29
  • Awfis Space Solutions Limited company has an RONW of about 7.66%.
  • EPS Decreased From 8.11 to 3.05 in the last 9 Months.
  • PAT Margin % also decreased from 8.24 to 2.99
  • EBITDA Margin % also decreasing every year from 42 to 30.8.
  • Still Company managed to increase their ROCE % i.e increased from 25.26 to 49.91 but in financial year 2022, their ROCE % is only 1.75.

After thorough review of Awfis Space Solutions Limited Company Financial Stats of Previous Years, Our Review for this IPO is you May Apply For this IPO after checking the 1st day Subscription Status. Present Grey Market Premium of this IPO is good which shows market behavior towards the IPO. To be on the Safe Side, Only apply on the Second day after checking 1st day subscription, Do Not Rush.


FAQ’s Related to Awfis Space Solutions IPO

  1. From Which Date Awfis Space Solutions IPO will open?

    Awfis Space Solutions IPO will open from Wednesday, 22 May, 2024.

  2. On which date Awfis Space Solutions IPO is going to List?

    Awfis Space Solutions is going to list on Thursday, 30 May, 2024.

  3. How many Shares are there in 1 Lot of Awfis Space Solutions IPO and what is the price of Single Share?

    There are 39 Shares in 1 Lot of Awfis Space Solutions IPO and price of one is ₹383.

  4. What is the percentage of Shares offered to Retail Investors in Awfis Space Solutions IPO?

    Retail Investors are offered 10% of Total Shares, QIB Investors are offered 75% and Remaining 15% is for NII Investors.

  5. What is the last date to apply for the Mandate of Awfis Space Solutions IPO?

    Awfis Space Solutions IPO last date to apply for the Mandate is Monday, 27th May, 2024.

  6. Where is the headquarter of Awfis Space Solutions Company located?

    Awfis Space Solutions Limited Company headquarter or registered office is in Qutab Institutional Area, New Delhi – 110016.


How You Can Apply For Awfis Space Solutions IPO?

  • You must first open a DEMAT account in order to apply for the Awfis Space Solutions Mainboard IPO.
  • Using apps like Groww, Paytm Money, Angel One, Upstox, Zerodha, and Upstox, you can open a DEMAT account online on your smartphone.
  • After opening your DEMAT account, launch the app and look for the IPO section.
  • To apply for the Mandate, select the Awfis Space Solutions IPO and click the Apply button.
  • Enter the lot size or the number of shares you wish to apply for, whichever is displayed in your app.
  • Enter your desired bid price after that to apply for that IPO. It is advised to apply at the cutoff price.
  • Next, click the “Continue” button. A new screen requiring the addition of your UPI ID will appear. Put in UPI.
  • You will receive a Mandate Request on your UPI Platform within a few minutes of clicking the Apply for IPO button. It may also take up to an hour at times. Thus, just wait, don’t panic.
  • Click Accept Mandate in the UPI app after receiving a mandate, then input your UPI Pin and the mandate amount, then press Enter.
  • The Bank will block the IPO Amount upon successfully accepting the mandate until the day that refunds begin.
  • Your money will be permanently deducted from your bank account if you are allotted Awfis Space Solutions IPO shares on the IPO Allotment Day, which is Tuesday, May 28, 2024.

Will you be applying for the IPO of Awfis Space Solutions? Please share your opinions and thoughts in the space provided for comments below.! Your comments can benefit other users too. Keep Reading & Keep Investing !!

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