Awfis Space Solutions IPO GMP Today: Latest GMP, IPO Date, Price

May 21, 2024 IPO 4 min read
Awfis Space Solutions IPO GMP

Awfis Space Solutions IPO: An Overview and Company Insight

Awfis Space Solutions Limited was incorporated in December 2014. It is one of India’s leading providers of flexible workspace solutions. Their primary customers are startups, SMEs, and large corporations. They offer a wide range of custom office solutions like shared offices, private cabins, and other infrastructure services. Along with its core solution of co-working spaces, the company also provides supporting services including IT support, event hosting, and food and beverages.

It operates across 16 cities in India including Bangalore, Delhi, Mumbai, and Hyderabad. It focuses on creating a technology-centred user experience to become more client-friendly and facilitate seamless workspace coordination. To its customers, it provides innovative office solutions that foster a sense of community and flexibility. Their team has reached over 100 employees as of December 31, 2023. This includes 63 designers and project managers to enhance its expertise.

Grey Market Premium Analysis and IPO Timelines: Awfis Space Solutions IPO

Date GMP
May 21 165
May 20 ₹165
May 19 ₹105
May 18 ₹105
May 17 ₹75
May 16 ₹80

The last update for Awfis Space Solutions IPO was on May 20, 2024, at 07:03 AM. The GMP is ₹105. The expected listing price of Awfis Space Solutions IPO, with a price band of 383.00, is ₹488 (cap price + today’s GMP). 27.42% is the anticipated percentage gain or loss per share.

Pricing Details and Lot Size – Awfis Space Solutions IPO

The price band for Awfis Space Solutions is ₹364 to ₹383 per share.

Book-running Lead Managers and Registrar – Awfis Space Solutions IPO

ICICI Securities Limited, Axis Capital Limited, IIFL Securities Ltd and Emkay Global Financial Services Ltd are the Book Running Lead Managers (BRLM) to the issue, with Bigshare Services Pvt Ltd as the registrar for Awfis Space Solutions IPO.

Offer for Sale and IPO Size Breakdown – Awfis Space Solutions IPO

Valued at Rs 598.93 crores, the Awfis Space Solutions IPO is a book-built issue which comprises a fresh issue of 0.33 crore shares amounting to Rs 128.00 crores and an offer for sale of 1.23 crore shares amounting to Rs 470.93 crores.

IPO Timelines at a Glance – Awfis Space Solutions Limited

Event Date
IPO Opening Date May 22, 2024
IPO Closing Date May 27, 2024
IPO Allotment Date  May 28, 2024
Initiation of Refunds May 29, 2024
Credit of Shares to Demat May 29, 2024
IPO Listing Date May 30, 2024

Utilisation of Fresh Issuance and Technological Advancements –  Awfis Space Solutions IPO

The offer’s objectives are to:

  1. Generate capital to fund the development of new centres.
  2. Generate funds for working capital needs.
  3. Support various other corporate purposes.

Conclusion

With 169 centres across 16 cities in India, Awfis Space Solutions Limited has become an important part of India’s co-working industry. It caters to the needs of individuals, start-ups, SMEs, and large corporations offering a range of workspaces and office-related services. 

Awfis Space Solutions Limited saw its revenue grow by 103% and its profit after tax (PAT) increase by 18.4% between the financial year ending with March 31, 2023, and March 31, 2022. This indicates better operational efficiency and improved cost management, with the potential for a superior competitive position in the co-working industry. As of December 31, 2023, 81.66% of the company’s centres are commercial assets, while 18.34% are alternative assets. 

The company houses a team of over 100 employees which includes 63 designers and project managers who contribute their valuable industry experience.

Frequently Asked Questions – Awfis Space Solutions

What does Awfis Space Solutions specialise in?

Awfis Space Solutions Limited is one of India’s leading providers of flexible workspace solutions. Their primary customers are startups, SMEs, and large corporations. They offer a wide range of custom office solutions like shared offices, private cabins, and other infrastructure services. Along with its core solution of co-working spaces, the company also provides supporting services including IT support, event hosting, and food and beverages.

What is the primary purpose of Awfis Space Solutions’s IPO?

The offer’s objectives are to fund the establishment of new centres, working capital needs, and general corporate purposes.

Who are the lead managers for Awfis Space Solutions’s IPO?

ICICI Securities Limited, Axis Capital Limited, IIFL Securities Ltd and Emkay Global Financial Services Ltd are the Book Running Lead Managers (BRLM) to the issue, with Bigshare Services Pvt Ltd as the registrar for Awfis Space Solutions IPO.

How is the IPO structured in terms of new issuance and offer for sale (OFS)?

Valued at Rs 598.93 crores, the Awfis Space Solutions IPO is a book-built issue which comprises a fresh issue of 0.33 crore shares amounting to Rs 128.00 crores and an offer for sale of 1.23 crore shares amounting to Rs 470.93 crores.

What is the lot size and minimum investment for retail investors in Awfis Space Solutions’s IPO?

The minimum lot size is 39 shares. Retail investors are required to make a minimum investment of ₹14,937.

What is the price band for Awfis Space Solutions’s IPO?

The price band for Awfis Space Solutions IPO is ₹364 to ₹383 per share.

How has the Grey Market Premium (GMP) trend for Awfis Space Solutions’s IPO?

The last update for Awfis Space Solutions IPO was on May 20, 2024, at 07:03 AM. The GMP is ₹105. The expected listing price of Awfis Space Solutions IPO, with a price band of 383.00, is ₹488 (cap price + today’s GMP). 27.42% is the anticipated percentage gain or loss per share.

When does the IPO open and close for application?

Awfis Space Solutions IPO will open for subscription on May 22 2024 and close on May 27, 2024.

When is the allotment date for the Awfis Space Solutions IPO?

The allotment date is set for May 28, 2024. 

When is Awfis Space Solutions expected to be listed on the stock exchanges?

The equity shares of Awfis Space Solutions Limited are anticipated to be listed on May 30, 2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).


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