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Awfis Space Solutions Lists at 14% Premium at Rs 435 per share on NSE!

30 May 20243 mins read by Angel One
The IPO of Awfis Space Solutions attracted a great response, with a subscription rate of 108.17 times, with the QIB and NII categories subscribing 116.95 times and 129.27 times, respectively.
Awfis Space Solutions Lists at 14% Premium at Rs 435 per share on NSE!
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Awfis Space Solutions Limited is a leading provider of workspace solutions in India, debuted on the Indian stock market today.

The stock of Awfis Space Solutions Limited settled at Rs 432.25 per share on the BSE, representing an impressive 12.85% premium over the final issue price of Rs 383 per share. Additionally, on the NSE, the company’s shares opened at Rs 435 per share, indicating a gain of 13.60%. The market capitalization on the BSE stands at around Rs 3108 crore.

IPO Proceeds 

The Company proposes to utilize the Net Proceeds towards funding the following objects:

  • Funding capital expenditure towards the establishment of new centers
  • Funding the working capital requirements and
  • General corporate purposes

Business Overview

Incorporated in December 2014, Awfis Space Solutions Limited is a leading provider of workspace solutions in India. The company offers a variety of flexible workspace options designed to meet the needs of individuals, start-ups, SMEs, and large corporations.

Awfis’ primary offering is co-working spaces, which include flexible workspaces, custom office spaces, and mobility solutions. Additionally, the company provides a range of supporting services such as food and beverages, IT support, infrastructure services, and event hosting. As of December 31, 2023, Awfis operates 169 centers across 16 cities in India, encompassing a total of 105,258 seats and a chargeable area of 5.33 million square feet. Furthermore, 31 additional centers with 25,312 seats are currently under fit-out, covering a chargeable area of 1.23 million square feet. Expanding its range of services, Awfis now also offers in-house fit-out and facility management services at its centers.

Subscription details 

As of May 27, 2024, Awfis IPO was subscribed 108.17 times. The public issue saw a subscription rate of 53.23 times in the retail category, 116.95 times in the QIB category, and 129.27 times in the NII category.

The IPO price band was Rs 364 and Rs 383, with a face value of Rs 10 per share and a lot size of 39 shares. The total size of the company’s IPO was Rs 598.93 crore, and the final share issue price was fixed at Rs 383 each.


The crucial question that arises in everyone’s mind is whether to hold onto the shares or book profits. Investors who applied for listing gains only have already earned 14% on the listing day itself and can choose to book the profit generated or watch for at least the first 15 minutes and then set a stop-loss at the day’s low price. On the other hand, investors with a higher risk appetite may opt to hold the shares for the medium to long term, which could prove to be beneficial.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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