Introduction
Awfis Space Solutions Limited, a leading workspace solution provider in India, is launching its Initial Public Offering (IPO). The IPO is a book-built issue valued at Rs 598.93 crores, combining a fresh issue and an offer for sale. This blog provides detailed insights into the IPO, including key dates, financials, and the company's business model.

🗓️ IPO Schedule:
* Opens: May 22, 2024
* Closes: May 27, 2024
* Basis of Allotment: May 28, 2024
* Listing Date: May 30, 2024
* Price Band: ₹364 to ₹383 per share
* Lot Size: 39 Shares

📊 Issue Breakdown:
* Total Issue Size: 15,637,736 shares (aggregating up to ₹598.93 Cr)
* Fresh Issue: 3,342,037 shares (aggregating up to ₹128.00 Cr)
* Offer for Sale: 12,295,699 shares (aggregating up to ₹470.93 Cr)

📈 IPO Promoter Holding:
* Pre Issue: 41.05%

💼 Company Overview:
Incorporated in December 2014, Awfis Space Solutions Limited provides a wide range of flexible workspace solutions, catering to individuals, start-ups, SMEs, and large corporations. As of December 31, 2023, the company operates 169 centers across 16 cities in India, with a total of 105,258 seats.

🌐 Key Features:
* Extensive network with 169 centers in 16 cities
* Comprehensive service offerings including co-working spaces, custom office spaces, and mobility solutions
* Additional services such as food and beverages, IT support, infrastructure services, and event hosting
* Strong team with over 100 employees and 63 designers and project managers

💹 Financial Performance:
* Revenue Growth: Revenue increased by 103% from March 31, 2022, to March 31, 2023.
* Profit After Tax (PAT): Despite increased revenue, the company reported a loss of Rs 18.94 crore for the period ended December 31, 2023.

📈 Key Performance Indicators (KPI):
* ROCE: 37.43%
* Debt/Equity: 0.1
* RoNW: -7.66%
* P/BV: 9.63

📊 Market Capitalization:
* Market Cap: Rs 2658.7 Cr

🏢 Book Running Lead Managers:
* ICICI Securities Limited
* Axis Capital Limited
* IIFL Securities Ltd
* Emkay Global Financial Services Ltd

📋 Registrar:
* Bigshare Services Pvt Ltd

Conclusion:
Awfis Space Solutions Limited's IPO offers an exciting opportunity for investors to be part of India's growing workspace solution sector. With a robust network, diverse service offerings, and a significant increase in revenue, the company is poised for substantial growth. However, potential investors should carefully consider the financials, including the reported losses, before making an investment decision.

Disclaimer: This is only for educational and informational purposes and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments