IPO Issue Details
Issue Price / Price Band₹383 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size39 Shares per Lot
Total Issue Size1,56,39,638 shares (aggregating up to ₹598.93 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 22 May 2024
Subscription CloseMon, 27 May 2024
Anchor AllotmentTue, 21 May 2024
Basis of AllotmentTue, 28 May 2024
Initiation of RefundsWed, 29 May 2024
Credit of Shares to DematWed, 29 May 2024
Listing DateThu, 30 May 2024
UPI Mandate Deadline2024-05-27
Application & Investment Details
Retail — Min (1 Lots)₹14,937 — 39 shares
Retail — Max (13 Lots)₹194,181 (13 Lots)
HNI — Min (14 Lots)₹2,09,118 — 546 shares
Pre-IPO Promoter Holding6,60,75,779 shares
Post-IPO Promoter Holding6,94,17,816 shares
Fresh Issue Shares33,43,939 shares (aggregating up to ₹128.06 Cr)
Offer for Sale Shares1,22,95,699 shares of ₹10 (aggregating up to ₹470.87 Cr)
About Awfis Space Solutions Ltd.
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.
Objects of the Issue
Awfis Space Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding capital expenditure towards the establishment of new centres;
2
Funding the working capital requirements and
3
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
6,60,75,779 shares
Post-IPO Promoter Holding
6,94,17,816 shares
Lock-in Period (30%)June 27, 2024
Lock-in Period (50%)August 26, 2024