Early backer Peak XV Partners has sold 12.2 lakh shares of Awfis worth nearly ₹30 crore through a bulk transaction, reducing its stake by more than half amid falling share prices for the coworking space provider.
- Peak XV sold 12.2 lakh Awfis shares at ₹245 each, raising ₹29.8 Cr
- Awfis shares down 49.87% year-to-date, hitting a 52-week low
- Company reported 140% net profit growth and 27% revenue increase in Q1 FY27
What happened
Peak XV Partners, an early investor in Awfis, executed a bulk sale of 12.2 lakh shares valued at approximately ₹29.8 crore, selling at a slight discount to the stock’s last closing price. This reduced their holding from 23.2 lakh shares (3.24%) to just under half that amount.
The shares were primarily purchased by Kritagyata Trust, which acquired 11.5 lakh shares at around ₹245 per share. Details regarding the buyers of the remaining shares remain undisclosed. This transaction occurred as Awfis shares faced sustained downward pressure over the past year.
Why it matters
Awfis's stock has declined sharply, losing more than 58% in the last 12 months and nearly 50% on a year-to-date basis, approaching its 52-week low. This reflects broader market challenges, valuation corrections, and institutional selling pressures impacting the coworking sector in India.
Despite the share price slump, Awfis demonstrated strong operational results in the first quarter of the 2026-27 fiscal year, with net profit surging 140% to ₹24 crore and revenues rising 27% year-on-year to ₹425 crore. This financial strength indicates resilient demand and growth potential even amid market volatility.
What to watch next
Investor sentiment and trading activity around Awfis shares will be closely monitored to assess whether the share price can recover from recent lows given its solid financial performance. The impact of institutional share sales like Peak XV’s on market confidence will remain a critical metric.
Awfis’s ability to capitalize on its expanding footprint, which includes 251 centers and over 1.7 lakh seats servicing enterprises and global capability centers, will be key to sustaining revenue growth. Market watchers will also track any further stake changes by core investors and the company’s strategic moves in the competitive coworking landscape.