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Let’s have a detailed review of the company and analytics of the Awfis Space Solutions IPO release date, IPO offer price, subscription, Awfis Space Solutions Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 364 to Rs 383
Listing At BSE, NSE
Min. Order Quantity 39 Shares
Listing Date May 30, 2024
Offer for Sale Rs 470.93 Cr.
Fresh Issue Rs 128.00 Cr.
IPO Size Rs 598.93 Cr.
Tick Size 1

Awfis Space Solutions IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Awfis Space Solutions Share Price

Awfis Space Solutions IPO – Summary

Awfis Space Solutions IPOThey are the largest flexible workspace solutions company in India as on December 31, 2023, based on a total number of centers.

As of December 31, 2023, they are ranked 1st among the top 5 benchmarked players in the flexible workspace segment with a presence in 16 cities in India. Further, as of December 31, 2023, they are present in the maximum number of micro-markets in India.

The Promoter of this company is AMIT RAMANIAND PEAK XV PARTNERS INVESTMENTS V (FORMERLY KNOWN AS SCI INVESTMENTS V). The lead managers of the issue are ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited and Emkay Global Financial Services Limited, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.

Awfis Space Solutions IPO Date

The opening and closing dates of Awfis Space Solutions IPO are May 22, 2024 and May 27, 2024 respectively.

Awfis Space Solutions IPO Subscription

Day / Date QIB NII RII Emp Total Subscription
1st Day – 22nd May 0.30x 2.79x 6.26x 3.64x 2.07x
2nd Day – 23rd May 0.32x 6.87x 12.46x 6.92x 4.33x
3rd Day – 24th May 0.32x 10.70x 15.77x 8.40x 5.98x
Shares Offered or Net Issue 4,675,656 2,337,827 1,558,551 57,636 15,643,153

The shares subscribed by the public will be updated here.

Awfis Space Solutions IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Awfis Space Solutions Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization May 28, 2024
Refunds Initiation May 29, 2024
Credit of Shares to Demat Account May 29, 2024
Share Listing Date May 30, 2024

Awfis Space Solutions IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs 364 to Rs 383 

Awfis Space Solutions IPO Equity Size

This Initial Public Issue of 15,637,736 Equity Shares of Rs.10 each for cash at a price of Rs 364 to Rs 383 per equity share aggregating to Rs.598.93 Cr.

Awfis Space Solutions IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,342,037 Equity Shares of Rs.10/ each.

Issue Size: 15,637,736 Equity Shares of Rs.10 each, aggregating to Rs.598.93 Cr.

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    Awfis Space Solutions IPO – Live Performance

    The listing date of this IPO is May 30, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Awfis Space Solutions Share Price

    Awfis Space Solutions IPO Grey Market Premium

    The Awfis Space Solutions Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Awfis Space Solutions IPO – Company Overview

    They provide a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office spaces for start-ups, small and medium enterprises (“SMEs”) as well as for large corporates and multi-national corporations.

    Their flexible workspace solutions cater to varied seat cohorts ranging from a singleseat to multipleseats, which can be contracted by their clients for a period ranging from one hour to several years. Over time, they have evolved from a co-working space to an integrated workspace solutions platform.

    While their core solution is co-working solutions which include flex workspaces, customized office spaces and mobility solutions, they have built capabilities to design, build, maintain and manage a wide range of flexible workspace requirements such as Awfis Transform (their construction and fit-out services business segment) and Awfis Care (their facility management services business segment).

    They also provide allied services ranging from food and beverages, information technology support services and infrastructure services such as storage and customization to event hosting and meeting arrangements.

    Awfis Space Solutions IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    31-Dec-23 31-Mar-23 Mar-22 31-Mar-21
    Total Assets
    *Total Revenue
    Total Expense
    Profit After Tax

    Earnings per Equity Share (in Million)

    31-Dec-23 31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted

    Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. (466.37) Million, Rs. (571.56) Million and Rs. (426.42) Million respectively.

    Awfis Space Solutions IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Amit Ramani, Chairman and Managing Director
    • Rajesh Kharabanda, Additional Director(Non-Executive)
    • Arjun Bhartia, Non-Executive Director
    • Anil Parashar, Independent Director

    Awfis Space Solutions IPO – Promoters Holding

    • Pre-Issue Share Holding – 41.05%
    • Post-Issue Share Holding – %

    Awfis Space Solutions IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 15,637,736 Equity Shares aggregating up to Rs.598.93 Cr.
    of which:
    Issue Reserved for the Market Makers Up to [●] Equity Shares aggregating up to Rs.[●]
    Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual Investors Not more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue 66,075,779 Equity Shares
     Equity Shares outstanding after the Issue X Equity Shares

    Awfis Space Solutions IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    • Funding capital expenditure towards the establishment of new centers;
    • Funding their working capital requirements; and 3.General corporate purposes.

    Awfis Space Solutions IPO – Business Strategy

    • Continue to build an industry-leading capital efficient model
    • Expand in new and existing markets
    • Enhance their product and service offerings
    • Improving operational efficiency

    Awfis Space Solutions IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Leadership in a large and growing marketplace;
    • Innovating in the flexible workspace industry with the adoption of their MA model;
    • Diverse space sourcing and demand strategies;
    • Growth through an integrated platform approach; and
    • Their experienced and diverse senior management team.

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-22 (10.68) (60.34)%
    Mar-21 (8.38) (28.29)%

    Awfis Space Solutions IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Millions)
    Awfis Space Solutions Limited 10 [●] (8.11) (27.54)% 5,657.87
    Listed Peers

    Awfis Space Solutions IPO Lead Managers

    Lead Managers
    ICICI Securities Limited

    Axis Capital Limited

    IIFL Securities Limited

    Emkay Global Financial Services Limited

    Awfis Space Solutions IPO Registrar to offer

    Registrar to the Offer
    Bigshare Services Private Limited
    Office No S6-2, 6th Floor Pinnacle Business Park
    Next to Ahura Centre
    Mahakali Caves Road
    Andheri (East), Mumbai 400 093
    Maharashtra, India
    Telephone:+91 2262638200
    E-mail: ipo@bigshareonline.com
    Investor Grievance E-mail: investor@bigshareonline.com
    Website: www.bigshareonline.com
    Contact Person: Jibu John
    SEBI Registration No: INR000001385

    Awfis Space Solutions IPO – Other Details

    • Statutory Auditor – S.R. Batliboi & AssociatesLLP
    • Legal Counsel to the Company Khaitan & Co
    • Bankers to the Company – HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited

    Awfis Space Solutions IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Awfis Space Solutions Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Awfis Space Solutions IPO Review FAQs

      Check out various FAQs related to Awfis Space Solutions IPO:

      What is the Issue Size of Awfis Space Solutions IPO?

      The Company is making an initial public offer of 15,637,736 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Awfis Space IPO?

      The price band for this particular IPO ranges between Rs 364 to Rs 383. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the Awfis Space IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on May 22, 2024, while the closing date is set at May 27, 2024.

      What is the Awfis Space IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on May 28, 2024, refund initiation is on May 29, 2024, credit of shares is on May 29, 2024, and the share listing date is on May 30, 2024.

      What is the Awfis Space IPO Listing Date?

      Shares of this company shall be listed in the exchanges on May 30, 2024. The date, when the listing would be done, is stagnant on May 30, 2024.

      Who is the Registrar of Awfis Space IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Awfis Space IPO?

      Here are the promoters of this IPO – AMIT RAMANIAND PEAK XV PARTNERS INVESTMENTS V (FORMERLY KNOWN AS SCI INVESTMENTS V). You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Awfis Space IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Awfis Space Solutions IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Awfis Space Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is (466.37), 2022 is (571.56), and 2021 is (426.42). PAT from Dec 2023 is (189.42).

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