The Awfis Space Solutions IPO started on May 22, 2024, and ended on May 27, 2024. Shares were allocated on May 28, 2024, and refund processes began on May 29, 2024. On May 29, 2024, the shares were credited to investors demat accounts. Awfis Space Solutions was officially listed on the stock exchange on May 30, 2024.
During the IPO, Awfis Space Solutions offered shares at a price range of ₹364 to ₹383 per share, and the lot size was 39 shares. The total issue size was ₹598.93 crores, with ₹128.00 crores from new shares and ₹470.93 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
Awfis Space Solutions IPO Subscription Update Video
Awfis Space Solutions IPO Subscription Status
The Awfis Space Solutions IPO on May 27, 2024 was subscribed 108.17 times, with the retail category being subscribed 53.23 times, the NII (Non-Institutional Investor) category being subscribed 129.27 times, the QIB (Qualified-Institutional Buyers) category being subscribed 116.95 times and the Employee category being subscribed 24.68 times.
| Category | Subscription |
| QIB | 116.95x |
| NII | 129.27x |
| Retail | 53.23x |
| Employee | 24.68x |
| Total | 108.17x |
Awfis IPO Basic Details
| Company Name | Awfis Space Solutions Limited |
| Domain of Company | Work Space Management |
| Awfis Space Solutions IPO Open Date | May 22, 2024 |
| Awfis Space Solutions IPO Close Date | May 27, 2024 |
| Awfis Space Solutions IPO Allotment Date | May 28, 2024 |
| Awfis Space Solutions IPO Listing Date | May 30, 2024 |
| Face Value | ₹10 per share |
| Price | ₹364 to ₹383 per share |
| Lot Size | 39 Shares |
| Issue Size | 15,637,736 shares of ₹10 (aggregating up to ₹598.93 Cr) |
| Fresh Issue | 3,342,037 shares of ₹10 (aggregating up to ₹128.00 Cr) |
| Offer for Sale | 12,295,699 shares of ₹10 (aggregating up to ₹470.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Amit Ramani and the Promoter Selling Shareholder, Peak XV |
About Awfis Space Solutions Limited
Founded in December 2014, Awfis Space Solutions Limited is a leading provider of flexible workspace solutions in India.
Awfis offers a variety of workspaces tailored to individuals, startups, small and medium enterprises (SMEs), and large corporations. Their main offerings include co-working spaces, custom office solutions, and mobility options. They also provide additional services such as food and beverages, IT support, infrastructure services, and event hosting.
As of December 31, 2023, Awfis operates 169 centers across 16 cities in India, featuring a total of 105,258 seats and a chargeable area of 5.33 million square feet. Moreover, 31 more centers with 25,312 seats and a chargeable area of 1.23 million square feet are in the process of being set up.
Awfis has expanded its services to include in-house fit-out and facility management at its centers.
By the end of 2023, 81.66% of Awfis centers are commercial assets, while 18.34% are alternative assets.
The company boasts a dedicated team of over 100 employees with backgrounds in hospitality, ensuring top-notch service for all clients. Additionally, a skilled team of 63 designers and project managers work to enhance the overall industry experience.
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Awfis Space Solutions IPO FAQs
What is the start and end date of Awfis Space Solutions IPO Subscription?
The Awfis Space Solutions IPO started on May 22, 2024, and ended on May 27, 2024.
When does Awfis Space Solutions IPO Subscription open?
The Awfis Space Solutions IPO open on May 22, 2024.
When does Awfis Space Solutions IPO Subscription close?
The Awfis Space Solutions IPO Close on May 27, 2024.
What is the allotment date of Awfis Space Solutions IPO?
The allotment date for Awfis Space Solutions IPO is May 28, 2024.
When is the initial refund date of Awfis Space Solutions IPO?
The initial Refund date for Awfis Space Solutions IPO is May 29, 2024.
When were the shares credited to investors demat accounts for the Awfis Space Solutions IPO?
The shares for the Awfis Space Solutions IPO were credited to investors demat accounts on May 29, 2024.
When will Awfis Space Solutions IPO be listed on the stock market?
Awfis Space Solutions IPO stock market will be listed on May 30, 2024 at 10 am.
What was the price range of the Awfis Space Solutions IPO shares?
The Awfis Space Solutions IPO shares were offered at a price range of ₹364 to ₹383 per share.
What was the lot size for the Awfis Space Solutions IPO shares?
The lot size for the Awfis Space Solutions IPO shares was 39 shares.
What was the total issue size of the Awfis Space Solutions IPO?
The total issue size of the Awfis Space Solutions IPO was ₹598.93 crores.
How were the shares allocated among different types of investors for the Awfis Space Solutions IPO?
75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
On which stock exchanges was the Awfis Space Solutions IPO listed?
The Awfis Space Solutions IPO was listed on both the NSE and BSE.
What is the Awfis Space Solutions IPO Subscription Status?
Awfis Space Solutions IPO is subscribed 108.17 Times.
