The corporate had filed its draft IPO papers in December to boost Rs 160 crore by means of recent difficulty, along with an offer-for-sale part of 10 million shares.
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On April 22, ET completely reported that US-based coworking firm WeWork Inc is exiting its India operations by promoting the 27% stake it holds within the native unit by means of a secondary deal estimated to be round Rs 1,200 crore.
Peak XV Companions, previously Sequoia Capital India, will promote over 5 million shares within the proposed IPO. Bisque Ltd, a unit of personal fairness agency ChrysCapital, can also be seeking to promote practically as many shares of Awfis House Options, whereas actual property funding belief Hyperlink Funding Belief will promote over 75,000 shares.
Peak XV at the moment owns 15 million shares within the firm, aggregating to 22.9% stake. Bisque owns a 23.5% stake, whereas the corporate’s founder and CEO Amit Ramani holds 18.2% stake.
In its final fundraising spherical in 2022 Awfis was valued round $110 million.
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The corporate mentioned it plans to utilise the web proceeds from the IPO for growth and establishing new centres, working capital necessities, and basic company functions.Within the 12 months ended March 31, 2023, Awfis noticed its working income surge to Rs 545 crore, from Rs 257 crore in FY22, as per info offered within the DRHP. For the primary quarter of fiscal 2024, Awfis reported working income of Rs 188 crore.
In FY21, the corporate noticed its working income drop to Rs 178 crore from Rs 226 crore in FY20 on account of Covid19-led disruptions.
