₹ 14937 / 39 shares
IPO Details
RHP/DRHPIssue Date
22 May - 27 May'24
Investment/lot
₹ 14937
Price Range
364 - 383
Lot Size
39
IPO Size
₹ 599.00 Cr
IPO Listing Details
Listing On
30 May'24
Issue Price
383
Listed Price
₹ 432.25
Retail Gain/Listing Gain
â–²13.58%
IPO Timeline
Awfis Space Solutions Ltd IPO | Issue Details | Price Band | Work Space provider
Kotak Securities
•1m 20s
AWFIS Space Company Background
Awfis Space Solutions is the largest flexible workspace solutions company in India as of December 31, 2023, based on a total number of centres. As of December 31, 2023, the company was ranked 1st among the top 5 benchmarked players in the flexible workspace segment with a presence in 16 cities in India (Source: CBRE Report).
The company provides a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customised office spaces for start-ups, small and medium enterprises (SMEs), and large corporates and multinational corporations.
With that, let's take a look at the competitive strength and risk factors for Awfis Space Solutions Limited:
AWFIS Space Competitive Strengths
Leadership in a large and growing marketplace
Apart from being the largest flexible workspace solutions company in India, the company also demonstrates a high NPS Score of 70% for the three months ended June 30, 2023. This reflects the high level of satisfaction and loyalty among their clients, suggesting a robust foundation for continued leadership and growth in the flexible workspace sector.
Growth through an integrated platform approach
The company aims to provide well-suited solutions tailored to meet the needs of their diverse clientele spread across different demographics, seat cohorts and industry sectors. They have an integrated platform strategy that provides a network effect, wherein each segment not only serves its primary clientele but also complements other segments. As a result, clients and space owners are introduced to a wider ecosystem, thereby enhancing retention and driving cross-selling opportunities.
Strong financial and operating metrics
From Fiscal 2021 to Fiscal 2023, the company's revenue from customer contracts grew at a CAGR of 74.85%, increasing from Rs. 1,783.60 million to Rs. 5,452.82 million. Additionally, the total income rose at a CAGR of 61.84%, from Rs. 2,160.20 million to Rs. 5,657.87 million.
AWFIS Space Solutions Risk Factors
- The company has a history of net losses, negative earnings per share (EPS) and return on net worth (RoNW).
- The company has experienced negative cash flows in previous fiscals and may continue to have negative cash flows in the future.
- Given that the business has grown rapidly, the company may fail to manage the growth effectively.
Key Strategies
- Continue to build an industry-leading capital-efficient model.
- Expand in new and existing markets.
- Enhance product and service offerings.
AWFIS Space Limited Key Financials
Here are the key financials for Awfis Space Solutions Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for AWFIS Space Solutions IPO?
Here are the steps to apply for AWFIS Space Solutions Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
AWFIS Space Solutions IPO FAQs
When is AWFIS Space Solutions IPO listing date?
AWFIS Space Solutions IPO will list on 2024-05-30.
What is the issue size of AWFIS Space Solutions IPO?
599.00 is the issue size of AWFIS Space Solutions IPO.
What is the minimum lot size required for AWFIS Space Solutions IPO?
The minimum lot size is 39 shares and the investment required is ₹14937.
What is the price band of the AWFIS Space Solutions IPO?
The price band of AWFIS Space Solutions IPO is ₹364 to ₹383.
Where can I read more about AWFIS Space Solutions business?
You can read more about AWFIS Space Solutions and its IPO from the company’s red herring prospectus (RHP) here.
What is the Awfis Space Solutions Limited IPO?
The Awfis Space Solutions Limited IPO has an issue size of Rs. 598.93 crores. The IPO opens for subscription on 22nd May 2024 and closes on 27th May 2024
Who is the Registrar for Awfis Space Solutions Limited IPO?
Bigshare Services Private Limited is the registrar for this IPO.
