Awfis Space Solutions Limited IPO GMP, Date, Price Band & Review

Awfis Space Solutions Ltd. (‘Awfis’) is the largest flexible workspace solutions company in India based on the total number of centers (as of December 31, 2023).  They provide a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office spaces for start-ups, small and medium enterprises (“SMEs'') as well as for large corporations and multinational corporations. Their flexible workspace solutions cater to varied seat cohorts ranging from a single seat to multiple seats, which can be contracted by the clients for a period ranging from one hour to several years. While their core solution is co-working solutions which includes flex workspaces, customized office spaces and mobility solutions, they have built capabilities to design, build, maintain and manage a wide range of flexible workspace requirements such as Awfis Transform and Awfis Care.

Awfis Space Solutions IPO is a book-built issue of Rs 598.93 crores. The issue is a combination of fresh issue of 0.33 crore shares aggregating to Rs 128.00 crores and offer for sale of 1.23 crore shares aggregating to Rs 470.93 crores. Awfis Space Solutions IPO price band is set at ₹364 to ₹383 per share. The minimum lot size for an application is 39 Shares. ICICI Securities Limited, Axis Capital Limited, Iifl Securities Ltd and Emkay Global Financial Services Ltd are the book running lead managers of the Awfis Space Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.