AWFIS Space Solutions Ltd

Miscellaneous

Offer Period :

22nd to 5th May 2024

Awfis Space Solutions Limited, India's largest flexible workspace provider as of June 30, 2023, offers customizable office solutions across Tier 1 and Tier 2 cities. With 136 centers, Read more... they employ Straight Lease and Managed Aggregation models, anticipating strong market demand and 18-19% growth (2022-2026).Read less

AWFIS Space Solutions Ltd IPO Details

IPO Date 22nd to 5th May 2024 Minimum Investment ₹14937 / 1 Lots
Listing Date 2024-05-30 Maximum Investment ₹194181 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹598.93 Crores
Price ₹383 to ₹383 per share Fresh Issue ₹128 Crores
Lot Size 1 Lots (39 Shares) Offer For Sale ₹ 470.93
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 22nd to 5th May 2024
Listing Date 2024-05-30
Face Value ₹10 per share
Price ₹383 to ₹383 per share
Lot Size 1 Lots (39 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14937 / 1 Lots
Maximum Investment ₹194181 / 13 Lots
Total Issue Size ₹598.93 Crores
Fresh Issue ₹128 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

22nd May

IPO Starts

27th May

IPO Ends

28th May

Allotment Date

29th May

Initiation of Refund

29th May

Credit of Shares to Demat Account

30th May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 41.05 0
Public Group 58.95 100

AWFIS Space Solutions Ltd IPO Reservation

QIB Shares Offered 4675655(29.9%)
NII (HNI) Shares Offered 2337827(14.95%)
Retail Shares Offered 1558552(9.97%)
Anchor Investor Shares Offered 7013483(44.85%)
Total Shares Offered 15637736
Total Shares With Anchor Investor 15637736

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

AWFIS Space Solutions Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

AWFIS Space Solutions Ltd IPO Lead Manager

1. ICICI Securities Ltd

2. Axis Capital Ltd

3. IIFL Securities Ltd

4. Emkay Global Financial Services Ltd

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AWFIS Space Solutions Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of AWFIS Space Solutions Ltd

1. Leadership in a large and growing marketplace.

2. Innovating in the flexible workspace industry with the adoption of its MA model.

3. Diverse space sourcing and demand strategies.

4. Growth through an integrated platform approach.

5. Delivering strong financial and operating metrics;

6. Its experienced and diverse senior management team.

Risks Involved

1. The company has a history of net losses, negative earnings per share ("EPS") and return on net worth ("RoNW"). The company need to generate and sustain increased revenues while managing its expenses to achieve profitability, and its inability to achieve these goals may have an adverse effect on its business, results of operations, cash flows and financial condition.

2. The company has experienced negative cash flows in previous Fiscals and may continue to have negative cash flows in the future.

3. Its business has grown rapidly, including the company revenue from contract with customers that has grown at a CAGR of 74.85% from Rs.1,783.60 million in Fiscal 2021 to Rs.5,452.82 million in Fiscal 2023, and its may fail to manage its growth effectively.

4. Its growth may be negatively impacted by macroeconomic factors.

5. The company may not be able to attract new clients in sufficient numbers, continue to retain existing clients, a portion of whom enter into service agreements ("Client Agreements") with short-term commitments, or agree sufficient rates to sustain and increase its client base or at all.

6. The company enter into Space Owner Agreements to render operation and marketing services in relation to its managed aggregation ("MA") centers and are subject to risks related to such Space Owner Agreements.

7. Its MA model requires the company to identify, partner with space owners and agree to profit or revenue sharing models with these owners. Its cannot assure you that the company will be able to attract new space owners on favorable terms in order to grow its business and overall profitability.

8. The company may incur additional capital expenditure under its MA model to attract new clients and retain existing clients, which may impact its cash flows and profitability.

9. The company relies on its customer relationships to grow its business and generate revenues. Any negative customer experience may impact its ability to attract or retain clients and impact its growth and profitability.

10. The company has entered into long-term fixed cost leases, i.e., SL for 1.94 million sq. ft. covering 62 total centers across 11 total cities and 9 states and 33.57% of its total seats as of December 31, 2023, which may result in adverse impact in its liquidity, results of operations, cash flows and profitability.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 930.6 559.69 508.58
Total Liabilities 930.6 559.69 508.58
Total Expenses 612.42 335.87 258.66
Total Revenue 
565.79 278.72 216.02
Profit After Tax -46.64 -57.16 -42.64
EBITDA 176.06 90 90.75
Adjusted EBITDA 0 0 0

AWFIS Space Solutions Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-30 544181 AWFIS
INE108V01019
₹383 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹383 ₹383
Open ₹432.25 ₹435
Low ₹409.4 ₹415.2
High ₹451.45 ₹451.45
Low ₹409.4 ₹415.2

Frequently Asked Questions

What is AWFIS Space Solutions Ltd IPO?

Answer Field

AWFIS Space Solutions Ltd IPO is a Mainboard IPO of 1,56,37,736 equity shares of a face value of ₹10 aggregating up to ₹598.93 Crores. The issue is priced at ₹383 to ₹383 per share. The minimum order quantity is 39 Shares. The IPO opens on May 22, 2024, and closes on May 27, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When AWFIS Space Solutions Ltd IPO will open?

Answer Field

The AWFIS Space Solutions Ltd IPO opens on May 22, 2024 and closes on May 27, 2024.

What is the lot size of AWFIS Space Solutions Ltd?

Answer Field

AWFIS Space Solutions Ltd lot size is 39 shares, and the minimum amount required is ₹14,937.

How to apply for AWFIS Space Solutions Ltd IPO?

Answer Field

You can apply in AWFIS Space Solutions Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is AWFIS Space Solutions Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for AWFIS Space Solutions Ltd IPO will be done on May 28, 2024, and the allotted shares will be credited to your demat account by May 29, 2024.

When is AWFIS Space Solutions Ltd IPO listing date?

Answer Field

The AWFIS Space Solutions Ltd listing date is May 30, 2024.

Who is the registrar of AWFIS Space Solutions Ltd IPO?

Answer Field

The registrar of AWFIS Space Solutions Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ICICI Securities Ltd,Axis Capital Ltd,IIFL Securities Ltd,Emkay Global Financial Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of AWFIS Space Solutions Ltd IPO?

Answer Field

The fresh issue size is ₹128 Crores equity shares.

What minimum lot size can retail subscribers subscribe to AWFIS Space Solutions Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 39 shares and ₹14,937 amount.

How can I approve the UPI mandate request for AWFIS Space Solutions Ltd IPO?

Answer Field

To apply for AWFIS Space Solutions Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of AWFIS Space Solutions Ltd?

Answer Field

The price of each AWFIS Space Solutions Ltd share will be ranging in between ₹383 to ₹383 per share.

What is the cut-off time for the UPI mandate for AWFIS Space Solutions Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 27, 2024.

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