Awfis Space Solutions Limited IPO Review

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Awfis Space Solutions Limited IPO details will be discussed here.

The book-built IPO of Awfis Space Solutions Limited is priced at Rs 598.93 crores. The issue consists of a 1.23 crore share offer for sale, valued at Rs 470.93 crores, and a fresh issue of 0.33 crore shares, valued at Rs 128.00 crores.

Objective of the Issue (Awfis Space Solutions IPO Objectives)

  • Funding capital expenditure towards the establishment of new centres;
  • Funding the working capital requirements and
  • General corporate purposes

Awfis Space Solutions IPO Details

IPO DateMay 22, 2024 to May 27, 2024
Listing Date[Thursday, May 30, 2024]
Face Value₹10 per share
Price Band₹364 to ₹383 per share
Lot Size39 Shares
Total Issue Size15,637,736 shares
(aggregating up to ₹598.93 Cr)
Fresh Issue3,342,037 shares
(aggregating up to ₹128.00 Cr)
Offer for Sale12,295,699 shares of ₹10
(aggregating up to ₹470.93 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue66,075,779
Share holding post issue69,417,816

Awfis Space Solutions IPO Timeline (Tentative Schedule)

Awfis Space Solutions IPO opens on May 22, 2024, and closes on May 27, 2024.

IPO Open DateWednesday, May 22, 2024
IPO Close DateMonday, May 27, 2024
Basis of AllotmentTuesday, May 28, 2024
Initiation of RefundsWednesday, May 29, 2024
Credit of Shares to DematWednesday, May 29, 2024
Listing DateThursday, May 30, 2024
Cut-off time for UPI mandate confirmation5 PM on May 27, 2024

Awfis Space Solutions IPO Lot Size

Investors can bid for a minimum of 39 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Retail (Min)139₹14,937
Retail (Max)13507₹194,181
S-HNI (Min)14546₹209,118
S-HNI (Max)662,574₹985,842
B-HNI (Min)672,613₹1,000,779
Lot Size Calculator

Awfis Space Solutions Limited Financial Information (Restated Consolidated)

Awfis Space Solutions Limited’s revenue increased by 103% and profit after tax (PAT) rose by 18.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax-18.94-46.64-57.16-42.64
Net Worth247.19169.3694.72150.75
Reserves and Surplus-265.56-204.30-223.37-167.12
Total Borrowing23.7210.9212.112.97
Amount in ₹ Crore

Fundamental Indicator

The market capitalization of Awfis Space Solutions IPO is Rs 2658.7 Cr.

KPI as of December 31, 2023.

Awfis Space Solutions Limited Contact Details

Awfis Space Solutions Limited
C-28-29, Kissan Bhawan
Qutab Institutional Area
New Delhi-110016
Phone: +91 1141061878

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