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AWFIS Space Solutions Limited - IPO

  May 22,2024
IPO of Awfis is live now, opening the gateway for you to investing in India's largest flexible workspace solutions company!
 
With 169 centers across 16 cities, 105,258 seats, and a chargeable area of 5.33 million sq ft. Awfis stands unrivaled, boasting 2,295+ clients in 52 micro markets. 
 
 
Their innovative services extend beyond co-working to Awfis Transform and Awfis Care, catering to all workspace needs. With an impressive capital expenditure per seat of just ₹50,000, compared to the industry average of ₹80,000-₹200,000, and 66.43% of the centers under the asset-light MA model, they are ensuring efficient growth. The revenue of Awfis skyrocketed at a CAGR of 74.85% between FY2021 and FY2023, to reach ₹545.28 Cr, while the ROCE stood at 25.26% in FY 2023.
 
 
Some more reasons to invest in the Awfis IPO :
❖ Continuing to build an industry leading capital efficient model 
❖ Enhancing the product and service offerings 
❖ Improving operational efficiency
 
Research note: - https://bit.ly/4bsCeoY

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