Awfis Space Solutions Limited

CLOSED

IPO Date: 22 May - 27 May 2024

Listing Date: 30 May 2024

Price Range

₹364 to ₹383 per share

Issue Size

598.93 Cr

Min Investment

14,196

Lot Size

39 Shares

Schedule of Awfis Space Solutions Limited

Issue open date

22 May 2024

Issue close date

27 May 2024

UPI mandate deadline

27 May 2024 (5 PM)

Allotment finalization

28 May 2024

Share credit

29 May 2024

Listing date

30 May 2024

Mandate end date

11 Jun 2024

Issue size

Funds Raised in the IPOAmount
Overall598.93 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date28 May 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
30 May 202438384467 (21.93%)
29 May 202438384467 (21.93%)
28 May 2024383125508 (32.64%)
27 May 2024383129512 (33.68%)
26 May 2024383113496 (29.5%)
25 May 2024383113496 (29.5%)
24 May 2024383108491 (28.2%)
23 May 2024383100483 (26.11%)
22 May 2024383122505 (31.85%)

Performance Awfis Space Solutions Limited

Issue PriceListing GainCurrent Market PriceP/L
₹364 to ₹383 per share 1923 (5.21%) 631.3564.84%

About Awfis Space Solutions Limited

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.

Founded in2014
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)116.95
      Non-Institutional Investors (NIIs)129.27
      Retail Individual Investors (RIIs)53.23
      Employee24.68
      Total108.17