About the Company:
Founded in December 2014, Awfis Space Solutions Limited has established itself as a premier provider of workspace solutions in India. The company caters to a wide array of clients including individuals, startups, small and medium enterprises (SMEs), and large corporations. Awfis is renowned for its co-working spaces, offering flexible work environments, customized office spaces, and mobility solutions. Beyond workspace provision, Awfis extends its services to include food and beverages, IT support, infrastructure services, and event hosting. Moreover, the company has diversified its offerings to include in-house fit-out and facility management services across its centers.
IPO Objectives
The funds raised from the Awfis Space Solutions IPO are earmarked for several key initiatives:
- Establishment of New Centers: Financing the capital expenditure required to set up new workspace centers.
- Working Capital Requirements: Providing for the company's ongoing working capital needs.
- General Corporate Purposes: Allocating funds for broader corporate goals and strategic initiatives.
Summary of Financial Information:
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|---|
| Assets | 1,352.25 | 930.61 | 559.69 | 508.58 |
| Revenue | 633.69 | 565.79 | 278.72 | 216.02 |
| Profit After Tax | -18.94 | -46.64 | -57.16 | -42.64 |
| Net Worth | 247.19 | 169.36 | 94.72 | 150.75 |
| Reserves and Surplus | -265.56 | -204.3 | -223.37 | -167.12 |
| Total Borrowing | 23.72 | 10.92 | 12.11 | 2.97 |
No Listed Peers:
The company asserts that there are no other listed peers, either in India or globally, that operate similarly. Its unique business model affords it a near-monopoly in its industry.
Key IPO Details:
- IPO Dates: 22 to 27 May 2024
- Price Band: Rs. 364 to Rs. 383 per share
- Lot Size: 39 Shares
- Issue Size: Rs. 598.93 Crs (Fresh Issue: Rs. 128 Cr.)
- Listing Date: 30 May, 2024
- Retail Quota: 10%
- GMP: Rs. 75 (Only for information)
Note: For additional information & risk factors please refer to the Red Herring Prospectus
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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
