Flexible station of job operator Awfis Enviornment Solutions Little has got market regulator Securities and Alternate Board of India (SEBI) nod for IPO commence to steal Rs 160 crore.
The company had filed its Draft Red Herring Prospectus (DRHP) in December 2023.
The company’s preliminary public providing contains a new enviornment of up to Rs 160 crore and an supply within the marketplace of equity shares of up to 10,023,172 equity shares.
The supply within the marketplace comprising up to 5,011,586 equity shares by Peak XV Partners Investments V (beforehand identified as SCI Investments v), up to 4,936,412 equity shares aggregating by Bisque Little and up to 75,174 equity shares by Hyperlink Funding Belief.
The company proposes to realize the many of the online proceeds from the supply towards funding capital expenditure towards establishment of up-to-the-minute facilities, funding for the working capital requirements, and general company functions.
ICICI Securities Little, Axis Capital Little, IIFL Securities, Emkay Global Financial Companies and products Little are the e-book running lead managers to the realm.
Awfis affords a comprehensive fluctuate of versatile workspace alternatives, catering to diverse desires, from particular particular person versatile desk requirements to customized station of job spaces for originate-ups, SMEs, and big companies.
The company's versatile workspace alternatives veil rather about a seat cohorts, starting from a single seat to a pair of seats, accessible for customers to contract for periods spanning one hour to quite a bit of years.
As successfully as to co-working alternatives, Awfis has developed capabilities in occupy, development, repairs, and management of versatile workspace requirements, exemplified by Awfis Transform and Awfis Care. The company additionally affords allied providers and products, including food and beverages, IT make stronger, and infrastructure providers and products corresponding to storage and customization, alongside with match net hosting and meeting preparations.
Awfis is utter in essentially the most decision of micro-markets in India. With 136 total facilities in 16 cities, Awfis affords a total of 81,433 seats, overlaying a chargeable dwelling of 4.12 million sq. feet. Among these, 15 facilities with 11,191 seats are for the time being below match-out, with a chargeable dwelling aggregating to 0.Fifty three million sq. feet.
Flexible workspaces are in high search facts from as organizations adapt to hybrid work and glance lengthy-time frame mark past the obvious speedy-time frame fee financial savings.
The search facts from for shared or managed workspaces has doubled since 2019 and is for the time being at 43.5 mn sq feet, comprising 6.3% of the total Grade A station of job inventory
