{"id":7028,"date":"2024-05-21T09:16:59","date_gmt":"2024-05-21T03:46:59","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=7028"},"modified":"2024-05-21T09:17:06","modified_gmt":"2024-05-21T03:47:06","slug":"awfis-space-solutions-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/awfis-space-solutions-ipo-details\/","title":{"rendered":"Awfis Space Solutions IPO Details - Complete Overview of Awfis Space Solutions Limited IPO"},"content":{"rendered":"\n

Awfis Space Solutions<\/strong><\/strong> IPO Price: <\/strong>\u20b9364 to \u20b9383
IPO Date Range:<\/strong> 22 May, 2024 - 27 May, 2024<\/p>\n\n\n\n

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\"Awfis<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Foundation & Business Essence<\/h2>\n\n\n\n

Incorporated in December 2014, Awfis Space Solutions Limited is a prominent workspace solution provider in India, catering to individuals, start-ups, SMEs, and large corporations. With a core focus on co-working, Awfis offers flexible workspaces, custom office spaces, and mobility solutions. Over time, the company has evolved from providing co-working spaces to becoming an integrated workspace solutions platform, adding capabilities in design, construction, maintenance, and management of flexible workspace requirements.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Services Offered<\/h2>\n\n\n\n

Awfis Space Solutions provides a comprehensive range of flexible workspace solutions, addressing the needs of various seat cohorts from single desks to multiple seats, available for durations ranging from one hour to several years. Their primary offerings include flex workspaces, customized office spaces, and mobility solutions. <\/p>\n\n\n\n

Additionally, they have established Awfis Transform, their construction and fit-out services segment, and Awfis Care, their facility management services segment. Supporting services such as food and beverages, IT support, infrastructure services, event hosting, and meeting arrangements further enhance their offerings. A dedicated team of 63 designers and project managers work to deliver tailored solutions that meet the diverse needs of their clients.<\/p>\n\n\n\n

Network and Presence<\/h2>\n\n\n\n

As of December 31, 2023, Awfis operates 169 centres across 16 cities in India, comprising a total of 105,258 seats and a chargeable area of 5.33 million sq. ft. An additional 31 centres, with 25,312 seats and a chargeable area of 1.23 million sq. ft., are currently under fit-out. The company\u2019s assets include 81.66% commercial assets and 18.34% alternate assets. <\/p>\n\n\n\n

Awfis\u2019s strategic expansion and deep understanding of the modern workforce enable them to provide bespoke solutions across a wide demographic spectrum, fulfilling their diverse clientele's evolving preferences and requirements.<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
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DAYS<\/div><\/div>
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HOURS<\/div><\/div>
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MINUTES<\/div><\/div>
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SECONDS<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

Awfis Space Solutions IPO Specifics:<\/h2>\n\n\n\n
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IPO Date<\/td>May 22, 2024 to May 27, 2024<\/td><\/tr>
Listing Date<\/td>Thursday, May 30, 2024<\/td><\/tr>
Face Value<\/td>\u20b910 per share<\/td><\/tr>
Price Band<\/td>\u20b9364 to \u20b9383 per share<\/td><\/tr>
Lot Size<\/td>39 Shares<\/td><\/tr>
Total Issue Size<\/td>15,637,736 shares
(aggregating up to \u20b9598.93 Cr)<\/td><\/tr>
Fresh Issue<\/td>3,342,037 shares
(aggregating up to \u20b9128.00 Cr)<\/td><\/tr>
Offer For Sale<\/td>12,295,699 shares
(aggregating up to \u20b9470.93 Cr)<\/td><\/tr>
Employee Discount<\/td>Rs 36 per share<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr>
Share holding pre issue<\/td>66,075,779<\/td><\/tr>
Share holding post issue<\/td>69,417,816<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Awfis Space Solutions IPO Lot Size<\/h2>\n\n\n\n

Bidders have the opportunity to bid for a minimum of 39 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n

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Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>39<\/td>\u20b914,937<\/td><\/tr>
Retail (Max)<\/td>13<\/td>507<\/td>\u20b9194,181<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>546<\/td>\u20b9209,118<\/td><\/tr>
S-HNI (Max)<\/td>66<\/td>2,574<\/td>\u20b9985,842<\/td><\/tr>
B-HNI (Min)<\/td>67<\/td>2,613<\/td>\u20b91,000,779<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Awfis Space Solutions IPO Reservation<\/h2>\n\n\n\n
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QIB Shares Offered<\/td>Not more than 75% of the Net offer<\/td><\/tr>
Retail Shares Offered<\/td>Not less than 10% of the Offer<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not less than 15% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Awfis Space Solutions IPO Timetable (Important Dates)<\/h2>\n\n\n\n
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IPO Open Date<\/td>Wednesday, May 22, 2024<\/td><\/tr>
IPO Close Date<\/td>Monday, May 27, 2024<\/td><\/tr>
Basis of Allotment<\/td>Tuesday, May 28, 2024<\/td><\/tr>
Initiation of Refunds<\/td>Wednesday, May 29, 2024<\/td><\/tr>
Credit of Shares to Demat<\/td>Wednesday, May 29, 2024<\/td><\/tr>
Listing Date<\/td>Thursday, May 30, 2024<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on May 27, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Don't Miss Out!<\/h2>
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Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

Awfis Space Solutions Limited IPO Financial Information<\/h2>\n\n\n\n

Awfis Space Solutions Limited's revenue surged by 103%, while profit after tax (PAT) increased by 18.4% between the financial years ending March 31, 2022, and March 31, 2023.<\/p>\n\n\n\n

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Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>31 Dec 2023<\/th><\/tr><\/thead>
Assets<\/td>508.58<\/td>559.69<\/td>930.61<\/td>1,352.25<\/td><\/tr>
Revenue<\/td>216.02<\/td>278.72<\/td>565.79<\/td>633.69<\/td><\/tr>
Profit After Tax<\/td>-42.64<\/td>-57.16<\/td>-46.64<\/td>-18.94<\/td><\/tr>
Net Worth<\/td>150.75<\/td>94.72<\/td>169.36<\/td>247.19<\/td><\/tr>
Reserves & Surplus<\/td>-167.12<\/td>-223.37<\/td>-204.30<\/td>-265.56<\/td><\/tr>
Total Borrowing<\/td>2.97<\/td>12.11<\/td>10.92<\/td>23.72<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n

Key Performance Indicator - Awfis Space Solutions IPO<\/h2>\n\n\n\n
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KPI<\/th>Values<\/th><\/tr><\/thead>
Market Cap (Rs Cr)<\/td>2658.7 Cr.<\/td><\/tr>
ROCE<\/td>37.43%<\/td><\/tr>
Debt\/ Equity<\/td>0.1<\/td><\/tr>
RoNW<\/td>-7.66%<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

The Company plans to use the Net Proceeds to achieve several objectives. These include funding capital expenditure for establishing new centers, meeting working capital requirements, and covering general corporate purposes.<\/p>\n\n\n\n

Prospectus Links:<\/strong><\/h2>\n\n\n\n

Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. Awfis Space Solutions IPO DRHP<\/a> and Awfis Space Solutions IPO RHP<\/a><\/p>\n\n\n\n

Frequently Asked Questions<\/strong><\/h2>\n\n\n\n
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What is an IPO?<\/h3>\n
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An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n

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Why do companies go public with an IPO?<\/h3>\n
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Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n

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What is the price range for the \"Awfis Space Solutions Limited\" IPO?<\/h3>\n
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The price range for the\"Awfis Space Solutions Limited\" IPO is \u20b9364 to \u20b9383 per share.<\/p>\n\n<\/div>\n<\/div>\n

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When will the \"Awfis Space Solutions Limited\" IPO be listed on the stock exchange?<\/h3>\n
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The \"Awfis Space Solutions Limited\" IPO is expected to be listed on Thursday, 30 May 2024.<\/p>\n\n<\/div>\n<\/div>\n

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How to apply for an IPO with Lakshmishree?<\/h3>\n
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To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com\/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n

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How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n
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Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Awfis Space Solutions IPO Price: \u20b9364 to \u20b9383IPO Date Range: 22 May, 2024 - 27 May, 2024 Foundation & Business Essence Incorporated in December 2014, Awfis Space Solutions Limited is a prominent workspace solution provider in India, catering to individuals, start-ups, SMEs, and large corporations. With a core focus on co-working, Awfis offers flexible workspaces, […]<\/p>\n","protected":false},"author":1,"featured_media":7031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-7028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=7028"}],"version-history":[{"count":4,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7028\/revisions"}],"predecessor-version":[{"id":7035,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7028\/revisions\/7035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/7031"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=7028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=7028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=7028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}