Awfis Space Solutions eyes IPO by next year; plans to raise Rs 500-600 cr

After surviving the pandemic, Awfis is on an expansion mode. From 50 centres with 30,000 seats in 2015, it has more than doubled its capacity to 131 centres and 75,500 seats

Co-working solutions provider Awfis Space Solutions, is eyeing to raise Rs 500-600 crore via IPO by next year and use proceeds for growth and expansion and for exit of shareholders, if they intended to do so, company executives said.
 

The company, which has investments from ChrysCapital and Sequoia, may also see partial exit from investors during the IPO.

“Our revenue will be about Rs 1,000 crore when we touch the public market and have over 200 centres. With a robust growth mechanism and higher return on capital employed and strong fundamentals, I feel that IPO will do well as our fundamentals