IPO Details
Bidding Dates
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Minimum Investment
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Price Range
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Maximum Investment
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Retail Discount
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Issue Size
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Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |About Awfis Space Solutions Limited
Awfis Space Solutions Limited offers workspace solutions in India. As of June 30, 2023, it is the largest flexible company based on the number of centres. The company provides a wide range of flexible workspace solutions, including individual flexible desk needs and customised office spaces for start-ups, Small and Medium Enterprises (SMEs), large corporates and multinational corporations. They also offer allied services, such as food and beverages, information technology support services and infrastructure services, like storage, etc.
As of June 30, 2023, they have 136 centres present in all Tier 1 cities, such as Bangalore, Chennai, Pune, Mumbai, etc., and seven Tier 2 cities, covering 16 cities and 48 micro markets in India.
The company adopted two different models for sourcing and procuring workspaces, namely the Straight Lease (SL) model and the Managed Aggregation (MA) model. In the SL model, space owners lease space to flexible workspace operators on traditional leases as per the regular market terms and conditions. The company entirely bears the capital expenditure for fitting out the property. Under the MA model, when developers or space owners set up flexible workspaces, they may spend money on the interior setup, and sometimes, the operator (if there is one) covers some of these costs. The arrangement varies, and they might give up a fixed rent in favour of a minimum guarantee, case by case. Additionally, they could also receive a portion of the revenue or profit based on pre-agreed terms.
Flexible spaces provide companies with the flexibility to expand and contract when needed to swiftly accommodate business needs. The commercial office market is expected to experience strong demand for flexible workspaces in the next 3-4 years (2022-2026). The growth rate is projected to be around 18-19% during this period. This is likely to fuel the company's business growth in the coming years.
Awfis Space Solutions Limited IPO Details
Awfis Space Solutions Limited IPO Dates
Awfis Space Solutions Limited's IPO date is yet to be announced.
Awfis Space Solutions Limited IPO Price Band
Awfis Space Solutions Limited is a fresh issue and Offer for Sale. The price of the IPO is yet to be announced.
Awfis Space Solutions Limited IPO Lot Size
Awfis Space Solutions Limited’s IPO lot size is yet to be announced.
Awfis Space Solutions Limited IPO Objectives
The objectives of Awfis Space Solutions Limited's IPO are listed below:
- To fund capital expenditure towards the establishment of new centres.
- To fund working capital requirements.
- For general corporate purposes.
Peer Details
As per DRHP, there are no listed peers whose business portfolio is comparable to the company.
How To Check the Awfis Space Solutions Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
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Contact Details of Awfis Space Solutions Limited IPO
- Registered office: C-28-29, Kissan Bhawan, Qutab Institutional Area, New Delhi 110 016, India.
- Phone: +91 11 4106 1878
- E-mail: cs.corp@awfis.com
IPO Financials
| Particulars | Year ending on March 31, 2023 (₹ million) | Year ending on March 31, 2022 (₹ million) | Year ending on March 31, 2021 (₹ million) |
|---|---|---|---|
| Revenue from Operations | 5,452.82 | 2,570.45 | 1,783.60 |
| Profit After Tax (PAT) | (466.37) | (571.56) | (426.42) |
| EPS (₹) | (15.48) | (18.97) | (14.15) |
| Net Worth | 1,693.64 | 947.21 | 1,507.53 |
| Total Borrowings | 109.23 | 121.07 | 29.67 |
Know before investing
Strengths
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The company has reimagined its workspace sourcing strategy with its unique MA model, and it is a paradigm shift in the conventional coworking industry.
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The company aims to offer well-suited solutions tailored to meet the needs of its diverse clientele spread across different demographics, seat cohorts and industry sectors.
Risks
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The company has generated negative cash flows and net losses during the past year and may, in the future, experience similar negative cash flows.
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The company’s growth may be negatively impacted by macroeconomic factors, which can impact IT and other sectors.
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Awfis Space Solutions Limited IPO FAQs
The Awfis Space Solutions Limited IPO is a fresh issue and Offer for Sale. The price of the IPO is yet to be announced.
To be announced.
To be announced.
To be announced.
Awfis Space Solutions Ltd IPO will be listed on the NSE and BSE. The listing date is to be announced.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is to be announced for Awfis Space Solutions Ltd.
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