May 21, 2024
By: Sourabh Jain
Credit: Canva
New Delhi-based Awfis Space Solutions’s initial public offering (IPO) opens on Wednesday, May 22, and will close on Monday, May 27.
Credit: Canva
Awfis Space Solutions has fixed a price band of ₹364-₹383 per share for its public issue.
Credit: Unsplash
Awfis Space Solutions is a New Delhi-based workspace solution provider catering to large corporations, SMEs and individuals.
Credit: Canva
Awfis Space Solutions is looking to raise ₹598.93 crore from the current IPO. This includes a fresh issue of ₹128 crore and an offer for sale (OFS) component of ₹470.93 crore.
Credit: Canva
Investors can bid for a minimum of 39 shares and in multiples of 39 shares thereafter.
Credit: Unsplash
The company, incorporated in cember 2014 currently operates 169 centres across 16 cities in India.
Credit: Canva
The company’s income was ₹565.79 crore in FY23, up from ₹278.72 crore in FY22. The company reported a loss of ₹46.64 crore in FY23, down from ₹57.16 crore loss reported in FY22.
Credit: Canva
Awfis Space Solutions has faced the challenge of losses and negative cash flows in recent years. Failure to register a profit might be harmful to its continuing operations.
Credit: Canva
A slowdown in the economy or any shutdowns globally or in India may have a significant impact on the company’s business.
Credit: Canva
The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.
Credit: Canva