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Awfis Space

Awfis Space Solutions, as of December 2023, is India’s largest provider of flexible workspace solutions, measured by the total number of centers. The company caters to a wide range of clients, from freelance professionals needing flexible desk options to startups, small and medium enterprises (SMEs), and large multinational corporations requiring customized office spaces.

By 31 December 2023, Awfis Space operated 169 centers across 16 cities in India, offering a total of 105,258 seats and a chargeable area of 5.33 million square feet. This includes 31 centers with 25,312 seats that were under fit-out, encompassing a chargeable area of 1.23 million square feet. The company boasts over 2,295 clients and maintains a presence in 52 micro markets across the country.

Awfis Space’s network of space owners includes notable entities such as Prestige Estate Projects Limited, Nyati Projects Landmark (Pune) / Nysha Builders LLP, Vajram Holdings Private Limited, Majestic Auto Limited, Prabhakar Rao Asha Priya Properties Private Limited, and R B Diversified Private Limited.

Awfis Space IPO Details

Signature Global IPO Details
Awfis Space IPO Dates
22 – 27 May 2024
Awfis Space Issue Price
INR 364 – 383 per share (Employee Discount – INR 36 per share)
Fresh issue
INR 128 crore
Offer For Sale
1,22,95,699 shares (INR 447.56 – 470.93 crores)
Total IPO Size
INR 576 – 598.93 crore
Minimum bid (size)
39 shares (INR 14,937)
Face Value
INR 10 per share
Retail Allocation
10%
Listing On
NSE, BSE

Awfis Space Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

9M FY 2024

Revenue

178.36

257.05

545.28

616.50

Expenses

258.66

335.87

612.42

652.64

Net income

(42.64)

(57.16)

(46.64)

(18.94)

Margin (%)

(23.91)

(22.24)

(8.55)

(3.07)

Figures in INR Crore unless specified otherwise

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