AWFIS Space Solutions Limited IPO: Price, Lot Size, Strengths and Risks

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Incorporated in December 2014, AWFIS Space Solution Limited provides working spaces in all tier 1 and tier 2 cities of India. The company’s network is spread across 16 cities and 48 micro markets. It is the largest flexible workspace solution based on the number of centres in India. 

To enhance its market presence and business, this company is now planning to raise a total of Rs 598.72 crore via its Initial Public Offering. Bids for its IPO will commence on May 22, 2024, and last till May 27, 2024, within a price range of Rs. 364 to Rs. 383 per share.

Keep reading this blog for more details on AWFIS Space Solution Limited IPO.

Additional Read: AWFIS Space Solutions Ltd IPO

IPO Details 

Here is a brief overview of AWFIS Space Solution Limited IPO. 

IPO Launch Date

May 22, 2024 to May 27, 2024

Issue Type

Book Built IPO

Listed at

BSE, NSE

Price Band 

Rs. 364 to Rs. 383 per share

Face value 

Rs. 10 per share 

Minimum Lot Size

39 shares (retail investors) 

Fresh Issue Size

33,42,037 shares

OFS Size

1,22,95,699 shares

Total Issue Size 

1,56,37,736 shares (Rs. 598.93 crore)

Shareholding Pre-Issue

6,60,75,779

Shareholding Post-Issue

6,94,17,816

About the Company

AWFIS Space Solutions Limited is India's leading workspace solution company in terms of the total number of centres. The CBRE Report ranks this company 1st among 5 leading players in flexible workspace systems with a presence in 16 cities. 

AWFIS Space Solutions Limited offers diversified and flexible workspace solutions, which range from individual desks to customised office spaces for SMEs and startups. Moreover, this company's solutions also include a varied range of seating arrangements from single to multiple seats. Interested clients can connect with AWFIS contractors regarding rental periods and seating arrangements.

Under its core solutions, this company brings forth co-working solutions like mobility solutions, customised office spaces, and flex workspaces, among many more. AWFIS also provides additional services like IT support, food and beverages, infrastructure services, meeting hosting, event arrangements, etc. 

According to AWFIS Space Solutions Limited RHP, this company hosts a total of 169 centres across 16 Indian cities and 1,05,258 seats with a total chargeable area of 5.33 million sq. foot as of December 31, 2023. Furthermore, till December 2023, this company onboarded around 2,295 clients.

Regarding financial metrics, as in RHP, the total income of AWFIS Space Solutions Limited became Rs. 5,657.87 million for FY2023 from Rs. 2,160.20 million for FY 2021. However, this company faced a loss after tax for three consecutive years. The loss after tax for 2021 was Rs. 426.42 million in FY 2021 and Rs. 466.67 million in FY 2023.

Additional Read: How to Invest in an IPO Online

IPO Timeline 

The following table outlines the important timeline of AWFIS Space Solution Limited IPO.

IPO Open Date

Wednesday, May 22, 2024

IPO Close Date

Monday, May 27, 2024

Basis of Allotment Date 

Tuesday, May 28, 2024

Initiation of Refunds Date 

Wednesday, May 29, 2024

Credit of Shares to Demat Date 

Wednesday, May 29, 2024

Listing Date

Thursday, May 30, 2024

Cut-Off Time for UPI Mandate Confirmation

5 PM on May 27, 2024

Lot Size 

To invest in the upcoming AWFIS Space Solutions Limited IPO, you must buy at least one lot of 39 shares as a retail investor. The following table shows the lot sizes for different investors:

Application

Lots

Shares

Amount

Retail (Minimum)

1

39

Rs. 14,937

Retail (Maximum)

13

507

Rs. 1,94,181

S-HNI (Minimum)

14

546

Rs. 2,09,118

S-HNI (Maximum)

66

2,574

Rs. 9,85,842

B-HNI (Minimum)

67

2,613

Rs. 10,00,779

Company Financials 

Take a look at the financial summary of AWFIS Space Solutions Limited before prioritising to invest in its IPO. 

Parameters

For the Financial Year Ending (in Rupees Millions)

 

March 31, 2023

March 31, 2022

March 31, 2021

Total Assets

9,306.05

5,596.88

5,085.81

Total Liabilities

7,612.41

4,649.67

3,578.28

Total Expenses

6,124.2

3,358.72

2,586.62

Total Revenue

5,657.87

2,787.16

2,160.20

Loss After Tax

(466.37)

(571.56)

(426.42)

EBITDA

1,760.63

899.96

907.49

EPS (Basic and Diluted) 

(8.11)

(10.68)

(8.38)

Strengths

Here are a few noteworthy strengths of AWFIS Space Solution Limited that will help you decide whether this upcoming IPO is fit for your finances or not. 

  • The company holds a good position in the market as the largest and most flexible working space to capture the demand for workspaces in India. 
  • This company aims to achieve growth through an integrated platform approach. The AWFIS platform is capable of meeting the requirements of its diverse clientele branching through different seat cohorts, industries and demographics. 
  • AWFIS boasts a robust track record of delivering excellent financial and operating earnings from its contracts with customers. 
  • This company is led by an experienced and knowledgeable senior management team with a combined experience of 58 years. 

Additional Read: Difference Between NFO and IPO

Risks Involved

Besides the above strengths, you must have an idea of risk factors that can hamper the business of AWFIS Space Solutions Limited. 

  • AWFIS Space Solutions Limited has a record of net losses and negative cash flow over the few previous years. Failure to generate sufficient revenue to manage its present and upcoming expenses might be harmful to its business, cash flow and continuing operations. 
  • Any kind of slowdown in the global economy or India’s economic growth or in the IT sector of India can hamper this company’s growth. 

Summing Up 

As the AWFIS Space Solutions IPO prepares for launch on May 22, 2024, all investors should review the company details carefully before devising an investment strategy. Like all equity and equity-related investments, the AWFIS Space Solution Limited IPO carries a certain degree of risk. Therefore, if you are a novice investor, consider seeking assistance from a financial expert for a sound investment strategy. 

To learn more about such upcoming IPOs, feel free to explore our website. Open a demat account with us to apply for IPOs seamlessly using your UPI ID.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Source: Tata Consumer Products Press Release on BSE

Share this article: 

Frequently Asked Questions

Who are the book-running lead managers for the upcoming AWFIS Space Solutions Limited IPO?

Answer Field

ICICI Securities Limited, IIFL Securities Limited, Emkay Global Financial Services Limited and Axis Capital Limited are the book-running lead managers of the AWFIS Space Solution IPO.

Who is the registrar for AWFIS Space Solutions Limited IPO?

Answer Field

Bigshare Services Private Limited is the registrar for AWFIS Space Solution Limited IPO.

Where shall the shares of AWFIS Space Solutions Limited get listed after its IPO launch?

Answer Field

The shares of AWFIS Space Solutions Limited will be listed in both BSE and NSE after its IPO.

No Result Found

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7 Lac+ Users

icon-with-text

4.5+ App Rating

icon-with-text

4 Languages

icon-with-text

₹ 3800 Cr MTF Book

icon-with-text