Awfis Space Solutions Limited — Others, 15-05-2025: Monitoring Agency Report

Awfis Space Solutions Limited has announced that proceeds from its Rs. 128 Cr IPO have been fully utilized as planned, mainly funding new center setups (Rs. 42.03 Cr), working capital (Rs. 54.37 Cr), general corporate expenses including rental and fit-out costs (Rs. 20.63 Cr), and issue-related expenses (Rs. 10.97 Cr). There were no deviations or delays, with Rs. 7.35 Cr still unutilized for pending IPO-related expenses. This disciplined use of funds supports ongoing expansion and operational efficiency.