AWFIS Space Solutions Ltd

AWFIS Space Solutions Limitedd is the largest flexible workspace solutions company in India as on December 31, 2023, based on total number of centers. The Company provides a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office spaces for start-ups, small and medium enterprises as well as for large corporates and multi-national corporations.

Open Demat Account

50years

AWFIS Space Solutions Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
156.38 L122.96 L15.59 L274.44 LBSE₹ 598.93 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
22 May, 2427 May, 2439 ₹ 14,196 Book Building30 May, 24

AWFIS Space Solutions Ltd IPO Details

AWFIS Space Solutions Ltd IPO Dates

  • 22 May 2024

    Opening date

  • 27 May 2024

    Closing date

  • 28 May 2024

    Basis of
    Allotment

  • 29 May 2024

    Initiation of
    Refunds

  • 29 May 2024

    Credit of
    Shares

  • 30 May 2024

    Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB116.95x
NII129.81x
Retail54.58x
Employee27.81x
Total108.56x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

AWFIS Space Solutions Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations103.6241.3744.21
EBITDA253.58139.79131.05
PAT-46.34-57.05-42.63
Total Assets138.34105.59108.72
Share Capital30.1330.13169.52
Total Borrowings68.8862.1054.23
Operating Activities (Net Cash)103.6241.3744.21
Investing Activities (Net Cash)-0.128.1042.06
Financing Activities (Net Cash)68.8862.1054.23
Net Cashflow17.795.4841.86

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About AWFIS Space Solutions Ltd

Awfis Space Solutions Limited was incorporated as `Awfis Space Solutions Private Limited' at Delhi, as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 17, 2014, issued by the RoC. Thereafter, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on November 24, 2023 and the name of the Company was changed to `Awfis Space Solutions Limited' with a fresh certificate of incorporation dated December 5, 2023, issued to the Company by the RoC.

Since early 2000s, India's office real estate stock has grown more than 18 times from approximately 46 million sq. ft. as of pre-2003 to approximately 832.00 million sq. ft. as of December 31, 2023. Flexible office space has long been a viable solution for freelancers, remote workers and start-ups, and is rapidly gaining ground among large enterprises, corporates and MNCs. Total market size of flexible workspace segment has more than tripled in last three to four years and projected market size in tier-1 and tier-2 cities is projected to be approximately 105 million sq. ft. by 2026.

Peer Comparison:

  • No Listed Industry Peers

AWFIS Space Solutions Ltd IPO Key Points

Strengths

  • Leadership in a large and growing marketplace.
  • Innovating in the flexible workspace industry with the adoption of its MA model.
  • Diverse space sourcing and demand strategies.
  • Growth through an integrated platform approach.
  • Delivering strong financial and operating metrics;

Risk

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

Strategy

  • Continue to build an industry leading capital efficient model.
  • Expand in new and existing markets.
  • Enhance its product and service offerings.
  • Improving operational efficiency.
  • Its Flexible Workspace Solutions.

AWFIS Space Solutions Ltd IPO Key Points

  • Leadership in a large and growing marketplace.
  • Innovating in the flexible workspace industry with the adoption of its MA model.
  • Diverse space sourcing and demand strategies.
  • Growth through an integrated platform approach.
  • Delivering strong financial and operating metrics;
  • 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.
  • The company has experienced negative cash flows in previous Fiscals and may continue to have negative cash flows in the future.
  • 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.
  • Continue to build an industry leading capital efficient model.
  • Expand in new and existing markets.
  • Enhance its product and service offerings.
  • Improving operational efficiency.
  • Its Flexible Workspace Solutions.

How To Apply for AWFIS Space Solutions Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

AWFIS Space Solutions Ltd's IPO offers shares for up to ₹ 0 L It begins on May 22, 2024 and ends on May 27, 2024.

The price of AWFIS Space Solutions Ltd IPO ranges between ₹364 to ₹383 per share.

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

The allotment for the AWFIS Space Solutions Ltd IPO will be finalised on May 28, 2024. The shares will be listed on BSE and NSE on May 30, 2024.

The minimum lot size for AWFIS Space Solutions Ltd IPO is 39 shares, priced between ₹364 to ₹383 per share.

The GMP (Grey Market Premium) of AWFIS Space Solutions Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of AWFIS Space Solutions Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The AWFIS Space Solutions Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 22, 2024, and closes on May 27, 2024. The allotment is finalised on May 28, 2024.

To apply for the AWFIS Space Solutions Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.