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Awfis Solutions: Workspaces and Beyond


Awfis Solution | Seben Capital

About: Awfis Space Solutions Limited

Incorporated in December 2014, Awfis Space Solutions Limited is a workspace solution provider in India.

The company offers a wide range of flexible workspace solutions, catering to the needs of individuals, start-ups, SMEs, and large corporations.

The company's core solution is co-working, including flexible workspaces, custom office spaces, and mobility solutions. Awfis Space Solutions Limited also provides supporting services such as food and beverages, IT support, infrastructure services, and event hosting.

As of December 31, 2023, the company operates 169 centers across 16 cities in India, with a total of 105,258 seats and a chargeable area of 5.33 million sq. ft. Additionally, 31 centers with 25,312 seats are currently under fit-out, with a chargeable area totaling 1.23 million sq. ft.

The company has expanded its business offerings and now provides in-house fit-out and facility management services at its centers.

Financial & Fundamentals of Awfis Space Solutions Limited

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax - 18.94-46.64-57.16-42.64
Net Worth 247.19169.3694.72150.75
Reserve and Surplus -265.56-204.30-233.37-167.12
Total Borrowing23.7210.9212.112.97

Awfis Space Solutions IPO Details

Ipo dateMay 22, 2024 to May 27,2024
Listing Date
Face Value₹ 10 Per Share
Price Band39 share
Lot Size15,637,736 shares (aggregating up to ₹ 598.93 Cr)
Fresh Issue13,342.037 shares (aggregating up to ₹ 128.00 Cr)
Offer For Sale (OFS)12,295,699 share of ₹10 (aggregating up to ₹ 470.93 Cr)

Awfis Space Solutions IPO Timeline 

IPO Open DateWednesday, May 22, 2024
IPO Close DateMonday, May 27, 2024
Basic of allotmentTuesday, May 29, 2024
Initial RefundWednesday, May 29, 2024
Cread of ShareWednesday, May 29, 2024
Listing DateThursday, May 30, 2024
Cut Off time5 PM on May 27, 2024

Written by devesh gupta

I am Devesh Gupta, a Junior Analyst at Seben Capital, where I specialize in finance with a focus on market research and data analysis. I support investment decisions by translating complex financial data into actionable insights. My role at Seben Capital allows me to contribute significantly to our investment strategies, leveraging my analytical skills to drive success.

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