ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/peak-xv-partners” target=”_blank”>Peak XV Partners and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/chryscapital” target=”_blank”>ChrysCapital sold shares worth Rs 606 crore in coworking space company ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/awfis” target=”_blank”>Awfis on Wednesday through block deals. Together, the investors sold 8.5 million shares at Rs 709.90 apiece.

This was a nearly 9% discount from Awfis’ closing share price of Rs 778.65 on Wednesday.

While Peak XV Partners, which is tagged as a promoter of the New Delhi-based company, sold a 7.6% stake in the company, private equity firm ChrysCapital divested 4.5% stake.

As of September 30, Peak ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/xv-partners” target=”_blank”>XV Partners held a nearly 11% stake in Awfis, while ChrysCapital held over 14% shares in the firm.

At the sale price in Wednesday’s block deals, Peak XV Partners clocked a multiple of over five times, while ChrysCapital’s return multiple was 4.5x.

The buyers of these shares included ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/goldman-sachs” target=”_blank”>Goldman Sachs, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/citigroup” target=”_blank”>Citigroup, Invesco Mutual Fund, Morgan Stanley, Aditya Birla Sun Life Insurance and Axis Mutual Fund.

data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://m.economictimes.com/tech/technology/awfis-space-solutions-lists-at-13-5-premium-on-nse/articleshow/110556916.cms” data-type=”tilCustomLink” target=”_blank”>Awfis listed on the exchanges on May 30 this year at a price of Rs 432.25, which has nearly doubled in the last six months. Its current market capitalisation is at Rs 5,515 crore.During the company’s initial public offering ( data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/ipo”>IPO), Peak XV Partners divested a stake worth Rs 253 crore, and ChrysCapital sold shares worth Rs 217 crore.

data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://m.economictimes.com/tech/startups/awfis-sets-rs-364-383-price-band-for-ipo/articleshow/110182775.cms” data-type=”tilCustomLink” target=”_blank”>Peak XV Partners, which first backed Awfis in 2017, had sold shares worth almost Rs 40 crore prior to the public offering.

For the July-September quarter, the shared workspace provider posted a 40% year-on-year (YoY) jump in its operating revenue at Rs 292 crore, mainly on account of contributions from newly added seats and increased occupancy at existing centres.

The company clocked a Rs 38.7 crore net profit for the quarter, compared to a loss of Rs 4.3 crore in the same period last year. Awfis also reported a significant improvement in its operational performance with earnings before interest, taxes, depreciation and amortisation ( data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/ebitda”>Ebitda) of Rs 100 crore for the July-September period, against Rs 42 crore in the same quarter last year.

Also Read: data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/awfis-swings-into-black-in-q4-fy24-posts-rs-1-3-crore-profit-versus-rs-13-crore-loss-yoy/articleshow/111118279.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst” data-type=”tilCustomLink” target=”_blank”>Awfis swings into black in Q4 FY24; posts Rs 1.3 crore profit versus Rs 13 crore loss YoY

ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/peak-xv-partners” target=”_blank”>Peak XV Partners and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/chryscapital” target=”_blank”>ChrysCapital sold shares worth Rs 606 crore in coworking space company ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/awfis” target=”_blank”>Awfis on Wednesday through block deals. Together, the investors sold 8.5 million shares at Rs 709.90 apiece.

This was a nearly 9% discount from Awfis’ closing share price of Rs 778.65 on Wednesday.

While Peak XV Partners, which is tagged as a promoter of the New Delhi-based company, sold a 7.6% stake in the company, private equity firm ChrysCapital divested 4.5% stake.

As of September 30, Peak ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/xv-partners” target=”_blank”>XV Partners held a nearly 11% stake in Awfis, while ChrysCapital held over 14% shares in the firm.

At the sale price in Wednesday’s block deals, Peak XV Partners clocked a multiple of over five times, while ChrysCapital’s return multiple was 4.5x.

The buyers of these shares included ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/goldman-sachs” target=”_blank”>Goldman Sachs, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/citigroup” target=”_blank”>Citigroup, Invesco Mutual Fund, Morgan Stanley, Aditya Birla Sun Life Insurance and Axis Mutual Fund.

data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://m.economictimes.com/tech/technology/awfis-space-solutions-lists-at-13-5-premium-on-nse/articleshow/110556916.cms” data-type=”tilCustomLink” target=”_blank”>Awfis listed on the exchanges on May 30 this year at a price of Rs 432.25, which has nearly doubled in the last six months. Its current market capitalisation is at Rs 5,515 crore.During the company’s initial public offering ( data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/ipo”>IPO), Peak XV Partners divested a stake worth Rs 253 crore, and ChrysCapital sold shares worth Rs 217 crore.

data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://m.economictimes.com/tech/startups/awfis-sets-rs-364-383-price-band-for-ipo/articleshow/110182775.cms” data-type=”tilCustomLink” target=”_blank”>Peak XV Partners, which first backed Awfis in 2017, had sold shares worth almost Rs 40 crore prior to the public offering.

For the July-September quarter, the shared workspace provider posted a 40% year-on-year (YoY) jump in its operating revenue at Rs 292 crore, mainly on account of contributions from newly added seats and increased occupancy at existing centres.

The company clocked a Rs 38.7 crore net profit for the quarter, compared to a loss of Rs 4.3 crore in the same period last year. Awfis also reported a significant improvement in its operational performance with earnings before interest, taxes, depreciation and amortisation ( data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/ebitda”>Ebitda) of Rs 100 crore for the July-September period, against Rs 42 crore in the same quarter last year.

Also Read: data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/awfis-swings-into-black-in-q4-fy24-posts-rs-1-3-crore-profit-versus-rs-13-crore-loss-yoy/articleshow/111118279.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst” data-type=”tilCustomLink” target=”_blank”>Awfis swings into black in Q4 FY24; posts Rs 1.3 crore profit versus Rs 13 crore loss YoY