Awfis Space Solutions IPO listed @ Rs. 435

Awfis Space Solutions IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents

• GMP
• Reviews
• Subscription
• Allotment

Awfis Space Solutions IPO Promoters
AMIT RAMANI AND PEAK XV PARTNERS INVESTMENTS V.

Awfis Space Solutions IPO Company Details to watch

Awfis Space Solutions is the largest flexible workspace solutions company in India as on December 31, 2023, based on total number of centers. As on December 31, 2023, it is ranked 1st among the top 5 benchmarked players in the flexible workspace segment with presence in 16 cities in India. Further, as on December 31, 2023, it is present in the maximum number of micro-markets in India. As on December 31, 2023, it has 169 total centers across 16 total cities in India, with 105,258 total seats and total chargeable area1 of 5.33 million sq. ft., of which 31 centers and 25,312 seats are under fit- out with chargeable area aggregating to 1.23 million sq. ft. In addition, it has entered into signed letters of intent (“LOI”) with space owners for 13 additional centers, with 10,859 seats aggregating to 0.55 million sq. ft. As on December 31, 2023, it has over 2,295 clients and have presence in 52 micro markets in India.

For more information about the company, click https://www.awfis.com/

Objects of the IPO
This is fresh issue of capital & offer for sale.
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
1.Funding capital expenditure towards the establishment of new centres;
2.Funding the working capital requirements and
3.General corporate purposes

Awfis Space Solutions IPO GMP Details to watch Guidance & Subscription

Awfis Space Solutions IPO Guidance & Subscription
Awfis Space Solutions is the largest flexible workspace solutions company in India as on December 31, 2023, based on total number of centers. As on December 31, 2023, it is ranked 1st among the top 5 benchmarked players in the flexible workspace segment with presence in 16 cities in India. The business is showing strong growth potential in India.
Size: The IPO size of 15637735 shares/ Rs. 598.93 crore is not at all large and retail portion is just Rs. 59.89 crore/ 1558010 shares. With just 39948 applications, retail portion can get one time subscribed. So oversubscription is not an issue. 
Financial Analysis: The top line has shown steady and strong growth and it suggest solid growth potential of the business. However at the bottomline, in all the past 3 years, it has shown huge losses. The company has invested heavily in the fixed assets during last 3 years. The Non-current assets have increased to Rs. 1080 crore as on 31 December 2023, compared to Rs. 357.71 crore as on 31.3.2021. Naturally, because of such huge investment in capital assets, the depreciation charge also increase sharply. The losses, which the company has shown are mainly due to depreciation and partly because of interest costs. We can compare such expenses with marketing costs as in the case of Zomato, Nykaaa etc. The shares can give excellent returns as long term investment and one may apply accordingly.

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Awfis Space Solutions IPO GMP Guidance