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Smartworks Coworking Spaces Limited IPO Details – Price, Date, GMP & Analysis
Listed
Mainboard
Price Range:
Rs.407.00
Issue Size:
Rs.582.56 Cr
Lot Size:
36 shares
Open Date:
July 10
Smartworks Coworking Spaces Limited IPO Overview
Bidding Dates
July 10 - July 14
Min Investment
₹14,652
Price Range
₹407.00
Issue Size
₹582.56 Cr
IPO DRHP Doc
Company Overview
Smartworks Coworking Spaces Limited, incorporated in 2015, provides customized managed workspace solutions with fully serviced, tech-enabled office environments and essential amenities tailored for enterprises and their employees. As of March 31, 2024, the company has 651 permanent employees.
IPO Timeline
Opens
Jul 10
Closes
Jul 14
Allotment
Jul 15
Refunds
Jul 16
Shares Credit
Jul 16
Listing
Jul 17
Opens
Jul 10
Closes
Jul 14
Allotment
Jul 15
Refunds
Jul 16
Shares Credit
Jul 16
Listing
Jul 17
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 24.92x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 23.68x | Oversubscribed |
| RII (Retail Individual Investors) | 3.69x | Oversubscribed |
| Total Subscription | 13.92x | Oversubscribed |
Last updated: Jul 14, 2025, 05:06 PM
Current GMP:
Rs.25
Est. Listing:
Rs.432
Est. Gain:
+6.1%
Star Rating:
★★★★★(2/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Assets | ₹4,650.85 Cr | ₹4,147.08 Cr | ₹4,473.5 Cr |
| EBITDA | ₹857.26 Cr | ₹659.67 Cr | ₹424 Cr |
| Net Worth | ₹107.51 Cr | ₹50.01 Cr | ₹31.47 Cr |
| Profit After Tax | ₹63.18 Cr | ₹49.96 Cr | ₹101.05 Cr |
| Reserves and Surplus | ₹4.69 Cr | ₹29.01 Cr | ₹46.23 Cr |
| Revenue | ₹1,409.67 Cr | ₹1,113.11 Cr | ₹744.07 Cr |
| Total Borrowing | ₹397.77 Cr | ₹427.35 Cr | ₹515.39 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Ability to lease and develop large, amenity-rich campuses.
- Focus on high-ticket enterprise clients and growing mid-to-large businesses.
- Strong execution driven by cost efficiency, processes, and tech infrastructure.
- Capital efficiency through sound financial and strategic execution.
- Risk mitigation ensures a financially stable business model.
- Committed, experienced leadership and management team.
IPO Details
Smartworks Coworking Spaces IPO Details
| ₹37.00 | |
| Face Value | ₹10 per share |
| Fresh Issue | 1,09,33,660 shares (aggregating up to ₹445.00 Cr) |
| IPO Date | July 10, 2025 to July 14, 2025 |
| Issue Price | ₹407 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Listing Date | July 17, 2025 |
| Lot Size | 36 Shares |
| Offer for Sale | 33,79,740 shares of ₹10 (aggregating up to ₹137.56 Cr) |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Share Holding Post Issue | 11,41,23,252 shares |
| Share Holding Pre Issue | 10,31,89,592 shares |
| Total Issue Size | 1,43,13,400 shares (aggregating up to ₹582.56 Cr) |
Smartworks Coworking Spaces IPO Reservation
Share Reservation Distribution
QIB
7,110,632 shares (49.65%)
Retail
4,977,442 shares (34.75%)
Anchor Investors
4,266,378 shares (29.79%)
QIB (Ex-Anchor)
2,844,254 shares (19.86%)
HNI (NII)
2,133,190 shares (14.89%)
bNII (>₹10L)
1,422,126 shares (9.93%)
sNII (<₹10L)
711,063 shares (4.96%)
Employee
101,351 shares (0.71%)
Smartworks Coworking Spaces IPO Promoter Holding
| Share Holding Post Issue | 58.25% |
| Share Holding Pre Issue | 65.19% |
Smartworks Coworking Spaces IPO Listing Details
| ₹407 per share |
| 544447 |
| B |
| EQ |
| INE0NAZ01010 |
| July 17, 2025 |
| SMARTWORKS |
Key Dates
Open Date:July 10
Close Date:July 14
Listing Date:July 17
