Awfis Space Solutions Limited IPO
- IPO Date22 May, 2024 to 27 May, 2024
- Listing Date30 May, 2024
- Face Value₹10 per share
- Issue Price₹364 to ₹383 per share
- Lot Size39 Shares
- Minimum Investment₹14,937
- Listing AtBSE, NSE
- Total Issue Size1,56,37,736 Shares
(aggregating up to ₹598.93 Cr) - Fresh Issue33,42,037 Shares
(aggregating up to ₹128.00 Cr)
- Offer for Sale1,22,95,699 Shares
(aggregating up to ₹470.93 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue6,60,75,779
- Shareholding post issue6,94,17,816
IPO Dates
Closing Date
27 May, 2024
Initiation of Refunds
29 May, 2024
Listing Date
30 May, 2024
22 May, 2024
Opening Date
28 May, 2024
Basis of Allotment
29 May, 2024
Credit of Shares
Awfis Space Solutions Limited Lot Size
Investors can bid for a minimum of 39 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 66 | 2574 | ₹9,85,842 |
| Retail (Max) | 13 | 507 | ₹1,94,181 |
| Retail (Min) | 1 | 39 | ₹14,937 |
| B-HNI (Min) | 67 | 2613 | ₹10,00,779 |
| S-HNI (Min) | 14 | 546 | ₹2,09,118 |
Awfis Space Solutions Limited Promoter Holding
The Promoters of the Company are Amit Ramani and the Promoter Selling Shareholder, Peak XV.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 41.05% | - |
Awfis Space Solutions Limited COMPANY INFORMATION
Awfis Space Solutions IPO is a book built issue of Rs 598.93 crores. The issue is a combination of fresh issue of 0.33 crore shares aggregating to Rs 128.00 crores and offer for sale of 1.23 crore shares aggregating to Rs 470.93 crores. Awfis Space Solutions IPO opens for subscription on May 22, 2024 and closes on May 27, 2024. The allotment for the Awfis Space Solutions IPO is expected to be finalized on Tuesday, May 28, 2024. Awfis Space Solutions IPO will list on BSE, NSE with tentative listing date fixed as Thursday, May 30, 2024. Awfis Space Solutions IPO price band is set at ₹364 to ₹383 per share. The minimum lot size for an application is 39 Shares. The minimum amount of investment required by retail investors is ₹14,937. The minimum lot size investment for sNII is 14 lots (546 shares), amounting to ₹209,118, and for bNII, it is 67 lots (2,613 shares), amounting to ₹1,000,779. ICICI Securities Limited, Axis Capital Limited, Iifl Securities Ltd and Emkay Global Financial Services Ltd are the book running lead managers of the Awfis Space Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to Awfis Space Solutions IPO RHP for detailed information.
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 provide 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.
As of December 31, 2023, 81.66% of the company's centers are commercial assets, and 18.34% are alternate assets.
As of December 31, 2023, the company has a team of over 100 employees with a background in hospitality servicing the needs of every client.
The company has a team of 63 designers and project managers to enhance the industry experience.
FAQs About Awfis Space Solutions Limited Ipo (Awfis Space Solutions Ipo)
Awfis Space Solutions Limited IPO will open on 22 May, 2024 and close on 27 May, 2024. Investors must apply within this period to participate.
The Awfis Space Solutions Limited IPO price band is set between ₹364.00 and ₹383.00 per share. The minimum lot size is 39, requiring an investment of at least ₹14937.00.
The Awfis Space Solutions Limited IPO shares are expected to be listed on 30 May, 2024, subject to regulatory approvals and final allotment.
You can track your Awfis Space Solutions Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Awfis Space Solutions Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.