Awfis IPO: Decoding The Coworking Space Provider’s Shareholding Pattern

Awfis IPO: Decoding The Coworking Space Provider’s Shareholding Pattern

SUMMARY

Founded in 2015 by Amit Ramani, Awfis caters to freelancers, startups, SMEs, large corporates, and MNCs and offers coworking solutions

Awfis’ public issue will comprise a fresh issue of shares worth INR 160 Cr and an offer-for-sale (OFS) component of up to 1 Cr shares

Ramani holds a 65.5% stake in the startup, while early-backer Peak XV Partners holds more than 12% of the total equity capital

Coworking space provider Awfis filed its draft red herring prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI) last week, joining the list of Indian startups aiming to go public next year.

Awfis’ public issue will comprise a fresh issue of shares worth INR 160 Cr and an offer-for-sale (OFS) component of up to 1 Cr shares.

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