Awfis Space Solutions IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 22 to May 27 2024
Price Band
₹364 - 383
Current GMP
₹435(13.58%)
Subscription
108.17 times
IPO Details
| IPO Date | May 22, 2024 to May 27, 2024 |
| Listing Date | Thursday, May 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹364 to ₹383 per share |
| Lot Size | 39 Shares |
| Total Issue Size | 15,637,736 shares (aggregating up to ₹598.93 Cr) |
| Fresh Issue | 3,342,037 shares (aggregating up to ₹128.00 Cr) |
| Offer for Sale | 12,295,699 shares of ₹10 (aggregating up to ₹470.93 Cr) |
| Employee Discount | Rs 36 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 66,075,779 |
| Share holding post issue | 69,417,816 |
IPO Date
May 22, 2024 to May 27, 2024
Listing Date
Thursday, May 30, 2024
Face Value
₹10 per share
Price Band
₹364 to ₹383 per share
Lot Size
39 Shares
Total Issue Size
15,637,736 shares (aggregating up to ₹598.93 Cr)
Fresh Issue
3,342,037 shares (aggregating up to ₹128.00 Cr)
Offer for Sale
12,295,699 shares of ₹10 (aggregating up to ₹470.93 Cr)
Employee Discount
Rs 36 per share
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
66,075,779
Share holding post issue
69,417,816
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 116.95 |
| Non-Institutional Buyers | 129.27 |
| bNII (bids above ₹10L) | 138.15 |
| sNII (bids below ₹10L) | 111.53 |
| Retail Investors | 53.23 |
| Employees | 24.68 |
| Total ** | 108.17 |
Anchor Investors
1
Qualified Institutions
116.95
Non-Institutional Buyers
129.27
bNII (bids above ₹10L)
138.15
sNII (bids below ₹10L)
111.53
Retail Investors
53.23
Employees
24.68
Total **
108.17
Day Wise Sub
| Day | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Day 1 May 22, 2024 | 0.30 | 2.79 | 6.26 | 3.64 | 2.07 |
| Day 2 May 23, 2024 | 0.32 | 6.87 | 12.46 | 6.92 | 4.33 |
| Day 3 May 24, 2024 | 3.39 | 21.05 | 21.26 | 10.51 | 11.45 |
| Day 4 May 27, 2024 | 116.95 | 129.27 | 53.23 | 24.68 | 108.17 |
DayDay 1
May 22, 2024
QIB0.30
NII2.79
Retail6.26
EMP3.64
Total2.07
DayDay 2
May 23, 2024
QIB0.32
NII6.87
Retail12.46
EMP6.92
Total4.33
DayDay 3
May 24, 2024
QIB3.39
NII21.05
Retail21.26
EMP10.51
Total11.45
DayDay 4
May 27, 2024
QIB116.95
NII129.27
Retail53.23
EMP24.68
Total108.17
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 30-05-2024 | 383.00 | 84(21.93%) | 467 |
| 29-05-2024 | 383.00 | 84(21.93%) | 467 |
| 28-05-2024 | 383.00 | 125(32.64%) | 508 |
| 27-05-2024 | 383.00 | 129(33.68%) | 512 |
| 26-05-2024 | 383.00 | 113(29.5%) | 496 |
| 25-05-2024 | 383.00 | 113(29.5%) | 496 |
| 24-05-2024 | 383.00 | 108(28.2%) | 491 |
| 23-05-2024 | 383.00 | 100(26.11%) | 483 |
| 22-05-2024 | 383.00 | 122(31.85%) | 505 |
| 21-05-2024 | 383.00 | 150(39.16%) | 533 |
| 20-05-2024 | 383.00 | 165(43.08%) | 548 |
| 19-05-2024 | 383.00 | 105(27.42%) | 488 |
| 18-05-2024 | 383.00 | 105(27.42%) | 488 |
| 17-05-2024 | 383.00 | 75(19.58%) | 458 |
| 16-05-2024 | 383.00 | 80(20.89%) | 463 |
Date30-05-2024
Price383.00
GMP84(21.93%)
Estimate List Price467
Date29-05-2024
Price383.00
GMP84(21.93%)
Estimate List Price467
Date28-05-2024
Price383.00
GMP125(32.64%)
Estimate List Price508
Date27-05-2024
Price383.00
GMP129(33.68%)
Estimate List Price512
Date26-05-2024
Price383.00
GMP113(29.5%)
Estimate List Price496
Date25-05-2024
Price383.00
GMP113(29.5%)
Estimate List Price496
Date24-05-2024
Price383.00
GMP108(28.2%)
Estimate List Price491
Date23-05-2024
Price383.00
GMP100(26.11%)
Estimate List Price483
Date22-05-2024
Price383.00
GMP122(31.85%)
Estimate List Price505
Date21-05-2024
Price383.00
GMP150(39.16%)
Estimate List Price533
Date20-05-2024
Price383.00
GMP165(43.08%)
Estimate List Price548
Date19-05-2024
Price383.00
GMP105(27.42%)
Estimate List Price488
Date18-05-2024
Price383.00
GMP105(27.42%)
Estimate List Price488
Date17-05-2024
Price383.00
GMP75(19.58%)
Estimate List Price458
Date16-05-2024
Price383.00
GMP80(20.89%)
Estimate List Price463
IPO Important Dates
| IPO Open Date | Wednesday, May 22, 2024 |
| IPO Close Date | Monday, May 27, 2024 |
| Basis of Allotment | Tuesday, May 28, 2024 |
| Initiation of Refunds | Wednesday, May 29, 2024 |
| Credit of Shares to Demat | Wednesday, May 29, 2024 |
| Listing Date | Thursday, May 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 27, 2024 |
IPO Open Date
Wednesday, May 22, 2024
IPO Close Date
Monday, May 27, 2024
Basis of Allotment
Tuesday, May 28, 2024
Initiation of Refunds
Wednesday, May 29, 2024
Credit of Shares to Demat
Wednesday, May 29, 2024
Listing Date
Thursday, May 30, 2024
Cut-off time for UPI mandate confirmation
5 PM on May 27, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 39 | ₹14,937 |
| Retail (Max) | 13 | 507 | ₹194,181 |
| S-HNI (Min) | 14 | 546 | ₹209,118 |
| S-HNI (Max) | 66 | 2,574 | ₹985,842 |
| B-HNI (Min) | 67 | 2,613 | ₹1,000,779 |
ApplicationRetail (Min)
Lots1
Shares39
Amount₹14,937
ApplicationRetail (Max)
Lots13
Shares507
Amount₹194,181
ApplicationS-HNI (Min)
Lots14
Shares546
Amount₹209,118
ApplicationS-HNI (Max)
Lots66
Shares2,574
Amount₹985,842
ApplicationB-HNI (Min)
Lots67
Shares2,613
Amount₹1,000,779
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,352.25 | 930.61 | 559.69 |
| Revenue | 633.69 | 565.79 | 278.72 |
| Profit After Tax | -18.94 | -46.64 | -57.16 |
| Net Worth | 247.19 | 169.36 | 94.72 |
| Reserves and Surplus | -265.56 | -204.30 | -223.37 |
| Total Borrowing | 23.72 | 10.92 | 12.11 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 20231,352.25
31 Mar 2023930.61
31 Mar 2022559.69
Period EndedRevenue
31 Dec 2023633.69
31 Mar 2023565.79
31 Mar 2022278.72
Period EndedProfit After Tax
31 Dec 2023-18.94
31 Mar 2023-46.64
31 Mar 2022-57.16
Period EndedNet Worth
31 Dec 2023247.19
31 Mar 2023169.36
31 Mar 202294.72
Period EndedReserves and Surplus
31 Dec 2023-265.56
31 Mar 2023-204.30
31 Mar 2022-223.37
Period EndedTotal Borrowing
31 Dec 202323.72
31 Mar 202310.92
31 Mar 202212.11
Key Performance Indicator
| ROCE | 37.43% |
| Debt/Equity | 0.1 |
| RoNW | -7.66% |
ROCE
37.43%
Debt/Equity
0.1
RoNW
-7.66%
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 7,013,483 (44.83%) | NA |
| QIB Shares Offered | 4,675,656 (29.89%) | NA |
| NII (HNI) Shares Offered | 2,337,827 (14.94%) | |
| bNII > ₹10L | 1,558,552 (9.96%) | 2,854 |
| sNII < ₹10L | 779,275 (4.98%) | 1,427 |
| Retail Shares Offered | 1,558,551 (9.96%) | 39,962 |
| Employee Shares Offered | 57,636 (0.37%) | NA |
| Total Shares Offered | 15,643,153 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered7,013,483 (44.83%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered4,675,656 (29.89%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered2,337,827 (14.94%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered1,558,552 (9.96%)
Maximum Allottees2,854
Investor CategorysNII < ₹10L
Shares Offered779,275 (4.98%)
Maximum Allottees1,427
Investor CategoryRetail Shares Offered
Shares Offered1,558,551 (9.96%)
Maximum Allottees39,962
Investor CategoryEmployee Shares Offered
Shares Offered57,636 (0.37%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered15,643,153 (100%)
Maximum Allottees
Information about company
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.
Objectives of IPO
The Company proposes to utilize the Net Proceeds towards funding the following objects (collectively, the "Objects"):.
Funding capital expenditure towards the establishment of new centres;
Funding the working capital requirements and
General corporate purposes
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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