AWFIS Space Solutions IPO Details
Issue Date
--
Price Range
₹364 - ₹383
Lot Size
39
IPO Size
₹599.00 Cr
AWFIS Space Solutions IPO Listing Details
Listing On
30 May'24
Issue Price
₹383
Listed Price
₹ 432.25
Retail Gain/Listing Gain
▲13.58%
Schedule of AWFIS Space Solutions IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
30/05/2024
Awfis Space Solutions Ltd IPO | Issue Details | Price Band | Work Space provider
Kotak Neo
•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:
How to apply for IPO through ASBA
Kotak Neo
•04m 01s
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 Neo 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
The AWFIS Space Solutions IPO opens for subscription from [-] to [-], with a total issue size of ₹599.00 Cr. The IPO price band is ₹364 to ₹383 per share with a lot size of 39. The company aims to list the shares on BSE & NSE on 30-05-2024.
The AWFIS Space Solutions IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the AWFIS Space Solutions IPO is 39 equity shares, requiring a minimum investment of ₹14937 for retail investors applying in the IPO.
The price band of the AWFIS Space Solutions IPO has been fixed at ₹364 to ₹383 per equity share.
You can apply for the AWFIS Space Solutions IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
AWFIS Space Solutions IPO allotment will take place on [-].
You can check the AWFIS Space Solutions IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
AWFIS Space Solutions shares will list on the stock exchanges on 30-05-2024.
You can find detailed information about the AWFIS Space Solutions IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
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
Bigshare Services Private Limited is the registrar for this IPO.
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.
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