Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Awfis Space Solutions aims to expand its portfolio by 50% to 135,000 seats by FY25, focusing on managed office spaces. Deputy CEO Sumit Lakhani highlights a 30% revenue growth target driven by new centre openings and higher occupancy rates. Recent additions include 15,084 new seats in 22 centres.
READ MOREAwfis Space Solutions has debuted on the stock market, with shares closing over 9% higher. This highlights the increasing demand for flexible office spaces. The success reflects investor confidence in Awfis’ innovative business model and its strategic presence in India’s key business hubs.
READ MOREAwfis Space Solutions’ shares debuted with a 13% stock market premium following a successful IPO. The proceeds will fund new centres, working capital, and corporate purposes, showcasing investor confidence in the coworking space provider.
READ MOREAwfis Space Solutions announced an IPO price band of Rs 364-383 per share, aiming to raise to Rs 599 crore. The first Indian coworking provider to go public, Awfis plans to use the funds to expand into tier-1 and tier-2 cities. The company reported Rs 616 crore revenue for nine months ending December 2023.
READ MOREAwfis Space Solutions, India’s largest flexible workspace provider, revolutionises the office landscape with innovative solutions and a vast network across 16 cities. Explore how Awfis leads in adaptability, growth, and market dominance, offering unparalleled flexibility for businesses of all sizes.
READ MOREAwfis Space Solutions will launch its IPO on May 22, aiming to raise Rs 128 crore. Key investors, including Peak XV Partners and ChrysCapital, will divest 12.3 million shares. Despite increased revenue, Awfis reported losses. IPO proceeds will fund expansion, new centres, and working capital.
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