Awfis And TBO Tek Gets SEBI Approval For IPO

Awfis and TBO got a yes from the SEBI for the IPO. Awfis is a coworking space startup. While TBO Tek is a B2B travel company. We will share details about Awfis and TBO Tek’s SEBI approval and the upcoming IPO below. Awfis already filled out DRHP papers. SEBI also issues the observation letter to the company on 15 April 2024. Both companies are going to raise a good amount of money as funding for their further growth.

Awfis And TBO Tek Gets SEBI Approval For IPO

Awfis and TBO Tek get SEBI approval for IPO. Awfis is a coworking space that provides a company that assists people working remotely. Thus, the company provides working space and an environment for people to work better. It is often difficult for people to work from their homes because of the lack of a working environment. The company is running successfully and plans to raise Rs. 160 Crores of fresh equity shares. There will be an Offer-for-sale of Rs. 1 Crore.

Apart from that, TBO Tek is a B2B travel company. It is going to raise fresh equity shares of Rs. 400 crores and offer-for-sale of Rs. 1.5 crore equity shares. Both companies get a nod from SEBI for the IPO. SEBI offers the observation letter to the Awfis on 16 April and to TBO Tek on 15 April. Awfis filled its DRHP in December 2023. It gets approval after almost 4 months.

As Awfis is a coworking space-providing company. It will spend its maximum amount from funding upon creating another co-working space. Thus, the company will create a new co-working space worth Rs. 52.5 Crores. There will be 15 new centers in several cities of India. The following are the cities where Awfis will have its center by 2025:

1. Mumbai
2. Bengaluru
3. Deli
4. Hyderabad
5. Pune
6. Chennai
7. Kolkata
8. Ahmedabad
9. Lucknow
10. Bhubaneswar
11. Jaipur

If we talk about the B2B travel company, TBO Tek, it is going to raise fresh equity shares of Rs. 400 crore and Offer-for-sale of Rs. 1.56 Crore. The company will spend around Rs. 68 crores as the working capital. Companies like Unicommerce also started filling their DRHP papers. To conclude, Awfis and TBO Tek will soon launch their IPO. The companies are looking forward to its further extension.

We will provide more information about Awfis and TBO Tek’s IPO shortly. The company is having a good response financially and making good revenues. We hope you get enough details about TBO Tek and Awfis DRHP filling and the upcoming IPO above.