Awfis Space Solutions Ltd. IPO

Awfis Space Solutions Limited is India's largest flexible workspace provider, offering a variety of solutions from individual desks to custom offices for startups, SMEs, and large corporations. With over 169 centers in 16 cities, they cater to a diverse range of clients with workspace needs from one hour to multiple years. Awfis has grown from a co-working space provider to an integrated solution platform, including design, build, and management services for flexible workspaces.

RHP
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DRHP
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Open Date

2024-05-22

Close Date

2024-05-27

IPO Details

Check out the issue details for Awfis Space Solutions Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 383

Price Band

₹ 364 - 383

Issue Size

598.93 Cr.

Issue Type

Book Built

Open

2024-05-22

Close

2024-05-27

Listingprice

₹ 435

ListingGain

13.58%

Listing Date

2024-05-30

CMP

₹ 518.85

Current Return

35.47%

Company Financials

You can get the following financial statements of Awfis Space Solutions Ltd. as of now.

Subscription Details

The details about the Awfis Space Solutions Limited IPO is as:

  • The issue size of the IPO is 598.93 Cr.
  • The price band for Awfis Space Solutions Limited IPO is Rs 364 to Rs 383.
  • The shares of Awfis Space Solutions Limited IPO will be listed on 30th May 2024.
  • The latest tentative GMP of Awfis Space Solutions Limited IPO is Rs 125.
  • The shares of Awfis Space Solutions Limited IPO is subscribed 108.17 Times as of 27 May 2024. 

 

Awfis Space Solutions Limited IPO Valuation

The approx valuation of Awfis Space Solutions Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 383
Existing Shares (Qty) 6.60 Cr
Fresh Issue 128 Cr
Market Cap 2655.8 Cr
EPS (FY23) Rs -8.11

 

Awfis Space Solutions Limited IPO Issue Size

Awfis Space Solutions Limited IPO issue size is 598.93 Cr

Issue Amount
Fresh Issue 128 Cr
Offer For Sale 470.93 Cr

 

Awfis Space Solutions Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 39 shares and a maximum of 13 lots of 507 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 39 14,937
 Maximum 13 507 1,94,181

 

Awfis Space Solutions Limited IPO share offer

The shares of Awfis Space Solutions Limited IPO is subscribed 108.17 Times as of 27 May 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 116.95 Times
Non-Institutional Minimum 15% 129.27 Times
Retail Maximum 10% 53.23 Times
Employee 57,636 Shares 24.68 Times
Total   108.17 Times

 

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Allotment Details

Find below the dates for Awfis Space Solutions Limited IPO:

Schedule Date
Basis of Allotment 28 May 2024
Refunds 29 May 2024
Credit to Demat Account 29 May 2024
IPO Listing Date 30 May 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Net Sales 178.36 257.05 545.28
Total Expenditure 125.26 188.63 389.44
Operating Profit 53.1 68.42 155.84
Other Income 37.66 21.67 20.5
Interest 46.56 48.72 72.72
Depreciation 86.84 98.42 149.96
Exceptional Items 0 0 0
Profit Before Tax -42.63 -57.05 -46.34
Provision for Tax 0 0 0
Net Profit -42.63 -57.05 -46.34
Adjusted EPS (Rs.) -1.41 -1.89 -1.54

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 169.52 169.52 225.1
Total Reserves -18.72 -74.65 -55.28
Borrowings 0.29 7.81 3.97
Other N/C liabilities 292.75 244.11 476.82
Current liabilities 64.76 213.02 280.21
Total Liabilities 508.61 559.81 930.81
Assets
Net Block 299.85 340.04 652.75
Capital WIP 0.13 8.69 0.45
Intangible WIP 0 0 0.32
Investments 0.05 0.4 0.65
Loans & Advances 51.87 82.85 114.69
Other N/C Assets 5.85 5.85 23.63
Current Assets 150.85 121.98 138.34
Total Assets 508.61 559.81 930.81
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024
Other Income 8.79
Profit Before Tax 1.18
Tax 0
Profit After Tax 1.18
Adjusted EPS (Rs) 0.61

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 28.56 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Profit from operations -42.63 -57.05 -46.34
Adjustment 113.52 127.63 211.84
Changes in Assets & Liabilities -22.03 18.98 43.02
Tax Paid 19.08 -6.72 -13.25
Operating Cash Flow 67.93 82.84 195.27
Investing Cash Flow -45.54 -7.38 -170.4
Financing Cash Flow -19.42 -79.86 -27.77
Net Cash Flow 2.98 -4.39 -2.9
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