Awfis Space Solutions Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

AWFIS Space

CMP

615.40

-6.20 (-1.00%)

  • DRHP
₹383

Offer Price

₹ 598.93 Cr

Issue Size

₹ 14,937

Min Investment

108.56x

Times Subscribed

39

Lot size

Time Line

  • 22
    May 2024
    Open
  • 27
    May 2024
    Close
  • 28
    May 2024
    Finalisation of Basis of Allotment
  • 29
    May 2024
    Initiation of Refunds
  • 29
    May 2024
    Transfer of Shares to Demat Account
  • 30
    May 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Continue to build an industry leading capital efficient model.

  • Expand in new and existing markets.

  • Enhance its product and service offerings.

  • Improving operational efficiency.

  • Its Flexible Workspace Solutions.

Products & Services

  • AWFIS Space Solutions Limited provides a wide spectrum of flexible workspace solutions.

Strengths

  • Leadership in a large and growing marketplace.

  • Innovating in the flexible workspace industry with the adoption of its MA model.

  • Diverse space sourcing and demand strategies.

  • Growth through an integrated platform approach.

  • Delivering strong financial and operating metrics;

Risks

  • The company has a history of net losses, negative earnings per share ("EPS") and return on net worth ("RoNW"). The company need to generate and sustain increased revenues while managing its expenses to achieve profitability, and its inability to achieve these goals may have an adverse effect on its business, results of operations, cash flows and financial condition.

  • The company has experienced negative cash flows in previous Fiscals and may continue to have negative cash flows in the future.

  • Its business has grown rapidly, including the company revenue from contract with customers that has grown at a CAGR of 74.85% from Rs.1,783.60 million in Fiscal 2021 to Rs.5,452.82 million in Fiscal 2023, and its may fail to manage its growth effectively.

  • Its growth may be negatively impacted by macroeconomic factors.

  • The company may not be able to attract new clients in sufficient numbers, continue to retain existing clients, a portion of whom enter into service agreements ("Client Agreements") with short-term commitments, or agree sufficient rates to sustain and increase its client base or at all.

Company Promoters

Promoters Holding

Issue For IPO
41.05%
Pre Holding

41.05%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 178.36 (-) 257.05 (44.10%) 545.28 (112.10%)
Gross Profit 178.36 (-) 257.05 (44.10%) 545.28 (112.10%)
Net Income 178.36 (-) 257.05 (44.10%) 545.28 (112.10%)
Assets 178.36 (-) 257.05 (44.10%) 545.28 (112.10%)
Liabilities 178.36 (-) 257.05 (44.10%) 545.28 (112.10%)

Book Running Managers

  • ICICI Securities Ltd
  • Axis Capital Ltd
  • IIFL Securities Ltd
  • Emkay Global Financial Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

C-28-29 Kissan Bhawan,
Qutab Institutional Area,
New Delhi - 110016
Phone : +91 11 4106 1878 Email : cs.corp@awfis.com www.awfis.com

Offer Related Information

Initial public offering of 1,56,39,638* equity shares of face value of Rs. 10 each of the company ("Equity Shares") for cash at a price of Rs. 383 per equity share (including a share premium of Rs. 373 per equity share) ("Offer Price") aggregating to Rs. 598.93*^ crores ("Offer"). The offer comprises a fresh issue of 3,347,454* equity shares aggregating to Rs. 128.00*^ crores ("Fresh Issue") and an offer for sale of 12,295,699* equity shares ("Offered Shares") aggregating to Rs. 470.93* crores,... More

News

  • No Data Found.

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: