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Economic Times

Economic Times

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Awfis IPO on May 22: All you need to know

Indian flexible workspace solutions provider Awfis Space Solutions Limited is preparing to launch its IPO on May 22, with a subscription window closing on May 27. The IPO will consist of a fresh issue of shares valued at up to INR 128 crore ($18 million), and existing investors Peak XV Partners and Bisque Ltd are also divesting their stakes. Awfis plans to use the proceeds for expansion, establishing new centres, working capital requirements, and general corporate purposes. While the company has seen significant revenue growth, it has also incurred losses. Awfis offers flexible desk solutions, customised office spaces, and additional services.

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