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.

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Awfis Space Solutions Ltd. 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

Listing price

₹ 435

Listing Gain

13.58%

Listing Date

2024-05-30

CMP

₹ 247.1

Current Return

-35.48%

Awfis Space Solutions Ltd. News

Awfis Space Solutions launches new centre in New Delhi under ‘Elite by Awfis’ portfolio24 Sep 2026, 10:17AM Awfis Space Solutions surges on BSE11 May 2026, 12:24PM Awfis Space Solutions jumps on launching two new centres in Chennai8 May 2026, 3:19PM Awfis Space Solutions launches two new centres in Chennai 7 May 2026, 11:30AM Awfis Space Solutions informs about clarification on price movement16 Apr 2026, 4:47PM Awfis Space Solutions informs about press release18 Mar 2026, 10:59AM Awfis Space Solutions informs about outcome of board meeting26 Feb 2026, 5:27PM Awfis Space Solutions informs about disclosure26 Feb 2026, 2:26PM Awfis Space Solution - Quaterly Results3 Feb 2026, 12:00AM Awfis Space Solutions informs about board meeting2 Feb 2026, 5:31PM Awfis Space Solutions submits analyst meet intimation 28 Jan 2026, 4:09PM Awfis Space Solutions informs about disclosure24 Dec 2025, 11:56AM Awfis Space Solutions informs about press release17 Dec 2025, 2:26PM Awfis Space Solutions informs about updates17 Dec 2025, 2:08PM Awfis Space Solutions informs about analyst presentation 11 Nov 2025, 5:26PM Awfis Space Solutions informs about analysts call 6 Nov 2025, 4:43PM Awfis Space Solutions expands Mumbai presence with launch of new centre in Powai6 Oct 2025, 4:29PM Awfis Space Solutions delivers 67,000 square feet innovation hub for eBay in Bengaluru16 Sep 2025, 3:10PM Awfis Space Solutions launches first Gold centre in Pune9 Sep 2025, 4:30PM Awfis Space Solution - Quaterly Results11 Aug 2025, 3:47PM

Company Financials

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

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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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

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

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 257.05 545.28 846.86 924.89 1229.44
Total Expenditure 188.63 389.44 602 549.11 701.09
Operating Profit 68.42 155.84 244.87 375.78 528.36
Other Income 21.67 20.5 25.98 53.17 92.59
Interest 48.72 72.72 92.96 136.08 186.26
Depreciation 98.42 149.96 195.93 275.75 383.79
Exceptional Items 0 0 0 25.1 0
Profit Before Tax -57.05 -46.34 -18.05 42.22 50.9
Provision for Tax 0 0 0 0 0
Net Profit -57.05 -46.34 -18.05 65.56 66.79
Adjusted EPS (Rs.) -1.89 -1.54 -0.93 0.59 0.71

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 169.52 225.1 364.57 70.96 71.54
Total Reserves -74.65 -55.28 -113.17 385.92 474.5
Borrowings 7.81 3.97 23.27 13.79 35.01
Other N/C liabilities 244.11 476.82 666.58 1307.25 1332.01
Current liabilities 213.02 280.22 455.1 727.07 842.97
Total Liabilities 559.81 930.81 1396.35 2504.99 2907.73
Assets
Net Block 340.04 652.75 915.6 1580.19 1700.37
Capital WIP 8.69 0.45 8.23 16.48 12.45
Intangible WIP 0 0.32 0.46 1.22 0
Investments 0.4 0.65 1.65 1.65 1.66
Loans & Advances 82.85 114.69 148.38 245.95 266.5
Other N/C Assets 5.85 23.63 20.15 146.53 422.6
Current Assets 121.98 138.34 301.88 512.97 504.15
Total Assets 559.81 930.81 1396.35 2504.99 2907.73
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Other Income 18.34 26.11 29.17 18.98 23.95
Profit Before Tax 4.54 15.05 19.1 17.61 19.35
Tax 0 0 0 0 0
Profit After Tax 4.54 15.05 19.1 17.61 19.35
Adjusted EPS (Rs) 0.64 2.1 2.67 2.46 2.7

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 17 0
Mar 2026 17 0
Dec 2025 17.01 0
Sep 2025 17.01 0
Jun 2025 20.31 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations -57.05 -46.34 -18.05 65.56 66.79
Adjustment 127.63 211.84 277.29 345.74 508.27
Changes in Assets & Liabilities 18.98 29.18 -8.55 -47.59 79.32
Tax Paid -6.72 -13.25 -21.09 -1.43 -37.99
Operating Cash Flow 82.84 181.43 229.61 362.28 616.38
Investing Cash Flow -7.38 -156.56 -163.28 -202.99 -219.51
Financing Cash Flow -79.86 -27.77 -64.53 -123.95 -380.26
Net Cash Flow -4.39 -2.9 1.79 35.34 16.61
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