Awfis Space Solutions IPO - Investment Rationale, Issue Details, Financials, Strengths, Risks: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi's IPO Report.Awfis Space Solutions Ltd., the largest flexible workspace solutions company in India will launch its initial public offering tomorrow and the offer will close for subscription on May 27. For the Rs 598.93 crore IPO the company has fixed a price band in the range of Rs 364-383. The minimum order lot is 39..Objects of the Issue Fresh Issue: Rs 128 Crore.Funding capital expenditure towards establishment of new centers.Funding their working capital requirements.General Corporate purposes..Valuation Awfis Space, India's leading provider of flexible workspace solutions, offers a comprehensive range of options. These solutions cater to various needs, from individual flexible desks to customized office spaces designed for start-ups, small and medium enterprises, large corporations, and multinational companies. The company has a Price to Sales ratio of 4.9 times of its FY23 earnings. The company has shifted to an asset light model which will show benefits in the coming time period. The company has a large Total Addressable Market driven by factors such as enterprise focus on flexibility, cost optimization, workforce fluidity, reverse migration, workplace evolution, focus on wellness, facilities, and amenities, as well as growth of start-ups in tier I and tier II cities. Looking at these factors we recommend “Subscribe – Long Term” rating to the IPO..Click on the attachment to read the full IPO report:.Awfis Space Solutions Fixes IPO Price Band At Rs 364–383 Apiece.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Awfis Space Solutions IPO - Investment Rationale, Issue Details, Financials, Strengths, Risks: Anand Rathi

Awfis Space Solutions IPO opens tomorrow and the company has fixed a price band in the range of Rs 364-383

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