AWFIS Space Solutions Ltd IPO
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AWFIS Space Solutions Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 156.38 L | ₹ 122.96 L | ₹ 15.59 L | ₹ 274.44 L | BSE | ₹ 598.93 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 22 May, 24 | 27 May, 24 | 39 | ₹ 14,196 | Book Building | 30 May, 24 |
AWFIS Space Solutions Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 46.78x | 11689138 | 546835497 |
| NII | 129.81x | 2337827 | 303463992 |
| Retail | 54.58x | 1558552 | 85070778 |
| Employee | 27.81x | 52219 | 1452243 |
| Total | 59.91x | 15637736 | 936822510 |
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) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 848.82 | 545.28 | 257.05 |
| EBITDA | 373.81 | 253.58 | 139.79 |
| PAT | -18.05 | -46.34 | -57.05 |
| Total Assets | 294.60 | 138.34 | 105.59 |
| Share Capital | 364.57 | 225.10 | 30.13 |
| Total Borrowings | 246.67 | 74.67 | 62.10 |
| Operating Activities (Net Cash) | 177.88 | 103.62 | 41.37 |
| Investing Activities (Net Cash) | -7.04 | -0.12 | 8.10 |
| Financing Activities (Net Cash) | 246.67 | 74.67 | 62.10 |
| Net Cashflow | 4.45 | 17.79 | 5.48 |
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.
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.
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.
- 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;
How To Apply for AWFIS Space Solutions Ltd IPO 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.