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Awfis Space Solutions IPO
Price Band
₹364.0–383.0
Issue Size
₹598.93 Cr
Lot Size
39 shares
Min Investment
₹14,937
GMP
+₹84.0 (21.93%)
Issue Price
₹383.0
Subject to Sauda
₹2500
Paid only if allotted
Awfis Space Solutions IPO AI Summary
- Awfis Space Solutions IPO is listed on BSE, NSE in the Diversified Commercial Services sector.
- Price band: ₹364.0–₹383.0 per share, lot size 39 shares (min. investment ₹14,937).
- Subscription window: 22 May–27 May 2024, listing on 30 May 2024.
- Current GMP is +₹84.0 (21.93%), an estimated listing price of ₹467 — unofficial and can change daily.
Awfis Space Solutions Limited is set to launch its IPO with a price band of ₹364.0 to ₹383.0, aiming to raise ₹598.93 Cr. The company has shown growth in total income but continues to face challenges with profitability. Investors should consider their risk tolerance and the company's financial health before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Awfis Space Solutions IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 May 2024 — not a current signal.
5 of 8 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Awfis Space Solutions IPO Grey Market Premium (GMP) Today
GMP
+₹84.0
GMP %
+21.93%
Est. Listing
₹467.0
Updated: 25 Jul 2026 14:05
About the Company
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.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,352.25 | 930.61 | 559.69 | 508.58 |
| Total Income | 633.69 | 565.79 | 278.72 | 216.02 |
| Profit After Tax | -18.94 | -46.64 | -57.16 | -42.64 |
| NET Worth | 247.19 | 169.36 | 94.72 | 150.75 |
| Reserves and Surplus | -265.56 | -204.30 | -223.37 | -167.12 |
| Total Borrowing | 23.72 | 10.92 | 12.11 | 2.97 |
Key Ratios
NAV
₹39.79
ROCE
37.43%
RoNW
-7.66%
P/B Value
9.63
Market Cap
₹2658.70 Cr
PAT Margin
-2.99%
Debt/Equity
0.10
Promoters
Amit Ramani and Peak XV
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure towards establishment of new centers 42.03 2 Funding Working Capital Requirement of the Company 54.37 3 General Corporate Purposes 20.63
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹278.72 Cr in the year ending 31 Mar 2022, rising to ₹565.79 Cr by 31 Mar 2023, and further increasing to ₹633.69 Cr by 31 Dec 2023. This shows a consistent upward trend in revenue over the periods.
Profit Trend
Profit after tax was -₹57.16 Cr for the year ending 31 Mar 2022, worsening to -₹46.64 Cr by 31 Mar 2023, and improving slightly to -₹18.94 Cr by 31 Dec 2023. Although the company has made progress in reducing its losses, it remains in a negative profit position.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock is likely to list at a higher price than its issue price, reflecting strong demand in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions. It's important to consider the company's growth potential and financial health.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO, especially given the company's current negative profit margins and reliance on future growth.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market sentiment and demand for the stock. Investors should be aware that while some IPOs may experience significant gains on their first day of trading, others may not perform as expected.
This evaluation is generated from Awfis Space Solutions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Awfis Space Solutions IPO GMP today?
Awfis Space Solutions IPO GMP today is +₹84.0 (21.93%), indicating an estimated listing price of ₹467. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Awfis Space Solutions IPO?
The price band of Awfis Space Solutions IPO is ₹364.0–₹383.0 per share.
When does Awfis Space Solutions IPO open and close?
Awfis Space Solutions IPO opens on 22 May 2024 and closes on 27 May 2024.
When does Awfis Space Solutions IPO list on the stock exchange?
Awfis Space Solutions IPO listed on 30 May 2024 at ₹467.0.
What is the lot size for Awfis Space Solutions IPO?
The lot size for Awfis Space Solutions IPO is 39 shares, requiring a minimum investment of ₹14,937.
What is the price band for the Awfis Space Solutions IPO?
The price band for the Awfis Space Solutions IPO is ₹364.0 to ₹383.0.
What is the minimum investment required for this IPO?
The minimum investment required for the Awfis Space Solutions IPO is ₹14,937.
What is the lot size for the Awfis Space Solutions IPO?
The lot size for the Awfis Space Solutions IPO is 39 shares.
When is the listing date for the Awfis Space Solutions IPO?
The listing date for the Awfis Space Solutions IPO is May 30, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 May 2024
Close
27 May 2024
Allotment
28 May 2024
Listing
30 May 2024
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