Bookbuilding IPO | ₹583 Cr | Listed at BSE, NSE | Thu, Jul 10, 2025 - Mon, Jul 14, 2025
Smartworks Coworking Spaces IPO is a book build issue of ₹582.56 crores. The issue is a combination of fresh issue of 1.09 crore shares aggregating to ₹445.08 crores and offer for sale of 0.34 crore shares aggregating to ₹137.48 crores.
Smartworks Coworking Spaces IPO bidding started from Jul 10, 2025 and ended on Jul 14, 2025. The allotment for Smartworks Coworking Spaces IPO was finalized on Jul 15, 2025. The shares got listed on BSE, NSE on Jul 17, 2025.
Smartworks Coworking Spaces IPO price band is set at ₹407 per share. The lot size for an application is 36. The minimum amount of investment required by an retail is ₹14,652 (36 shares) (based on upper price). The lot size investment for sNII is 14 lots (504 shares), amounting to ₹2,05,128, and for bNII, it is 69 lots (2,484 shares), amounting to ₹10,10,988.
The issue includes a reservation of up to 1,01,351 shares for employees offered at a discount of ₹37.00 to the issue price.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Smartworks Coworking Spaces IPO RHP for detailed Information.
IPO Open
Thu, Jul 10, 2025
IPO Close
Mon, Jul 14, 2025
Issue Price
₹407 per share
Market Cap (Pre-IPO)
₹4,644.82 Cr
| IPO Date | 10 to 14 Jul, 2025 |
| Listed on | Thu, Jul 17, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹387 to ₹407 |
| Issue Price | ₹407 per share |
| Lot Size | 36 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹37.00 |
| Total Issue Size | 1,43,21,474 shares (agg. up to ₹583 Cr) |
| Fresh Issue | 1,09,41,734 shares (agg. up to ₹445 Cr) |
| Offer for Sale | 33,79,740 shares of ₹10 (agg. up to ₹137 Cr) |
| Share Holding Pre Issue | 10,31,89,592 shares |
| Share Holding Post Issue | 11,41,31,326 shares |
| BSE Script Code / NSE Symbol | 544447 / SMARTWORKS |
| ISIN | INE0NAZ01010 |
Smartworks Coworking Spaces IPO offers total 1,43,22,614 shares. Out of which 71,10,630 (49.65%) allocated to QIB, 28,44,252 (19.86%) allocated to QIB (Ex- Anchor), 21,33,190 (14.89%) allocated to NII 49,77,443 (34.75%) allocated to RII and 42,66,378 (29.79%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 71,10,630 (49.65%) | NA |
| − Anchor Investor Shares Offered | 42,66,378 (29.79%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 28,44,252 (19.86%) | NA |
| NII (HNI) Shares Offered | 21,33,190 (14.89%) | NA |
| − bNII > ₹10L | 14,22,127 (9.93%) | 2,821 |
| − sNII < ₹10L | 7,11,063 (4.96%) | 1,410 |
| Retail Shares Offered | 49,77,443 (34.75%) | 1,38,262 |
| Employee Shares Offered | 1,01,351 (0.71%) | NA |
| Total Shares Offered | 1,43,22,614 (100.00%) |
Investors can bid for a minimum of 36 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,652 |
| Retail (Max) | 13 | 468 | ₹1,90,476 |
| S-HNI (Min) | 14 | 504 | ₹2,05,128 |
| S-HNI (Max) | 68 | 2,448 | ₹9,96,336 |
| B-HNI (Min) | 69 | 2,484 | ₹10,10,988 |
Smartworks Coworking Spaces IPO raises ₹173.64 crore from anchor investors. Smartworks Coworking Spaces IPO Anchor bid date is July 9, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jul 9, 2025 |
| Shares Offered | 42,66,378 |
| Anchor Portion (₹ Cr.) | 173.64 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 13, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 12, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2015, Smartworks Coworking Spaces Limited is engaged in the business of customized managed workspace solutions, offering fully serviced, tech-enabled office environments with aesthetic designs and essential amenities to meet the specific needs of enterprises and their employees.
The company serves mid-to-large enterprises, including Indian corporates, MNCs, and startups, offering modern campuses with design, technology, and amenities like cafeterias, gyms, crèches, and medical centers for employee well-being.
As of March 31, 2025, the company had 794 permanent employees.
Smartworks Coworking Spaces Ltd.'s revenue increased by 27% and profit after tax (PAT) dropped by 26% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 4,650.85 | 4,147.08 | 4,473.50 |
| Total Income | 1,409.67 | 1,113.11 | 744.07 |
| Profit After Tax | -63.18 | -49.96 | -101.05 |
| EBITDA | 857.26 | 659.67 | 424.00 |
| NET Worth | 107.51 | 50.01 | 31.47 |
| Reserves and Surplus | 4.69 | 29.01 | -46.23 |
| Total Borrowing | 397.77 | 427.35 | 515.39 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company | 114.00 |
| 2 | Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres | 225.84 |
| 3 | General corporate purposes | 56.63 |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 42.30% |
| Debt/Equity | 2.90 |
| RoNW | -58.76% |
| PAT Margin | -4.60% |
| EBITDA Margin | 62.39% |
| Price to Book Value | 38.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -6.12 | -ve |
| Promoter Holding | 65.19% | 58.25% |
| Market Cap | ₹4,644.82 Cr. |
The Smartworks Coworking Spaces IPO is subscribed 13.92 times on July 14, 2025 5:04:34 PM (Day 3). The public issue subscribed 3.69 times in the retail category, 24.92 times in the QIB category, and 23.68 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 24.92 | 28,44,254 | 7,08,75,864 |
| NII | 23.68 | 21,33,190 | 5,05,06,848 |
| bNII (bids above ₹10L) | 28.21 | 14,22,126 | 4,01,12,460 |
| sNII (bids below ₹10L) | 14.62 | 7,11,063 | 1,03,94,388 |
| Retail | 3.69 | 49,77,442 | 1,83,80,880 |
| Employee | 2.51 | 1,01,351 | 2,54,844 |
| Total | 13.92 | 1,00,56,237 | 14,00,18,436 |
Total Application : 4,52,618
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions including underwriting commission, brokerage and selling commission, as applicable | 21.23 |
| 2 | Selling commission and processing fees for SCSBs and Bidding Charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs | 1.79 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees, NSDL and CDSL fees and other regulatory expenses | 4.39 |
| 5 | Printing and stationery expenses | 1.37 |
| 6 | Advertising and marketing expenses | 8.77 |
| 7 | Fees payable to the legal counsel | 9.29 |
| 8 | Fees payable to the Statutory Auditors and other advisors to the Offer | 12.90 |
| 9 | Miscellaneous | 3.78 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹407.00 | ₹407.00 |
| Open | ₹436.10 | ₹435.00 |
| Low | ₹436.00 | ₹435.00 |
| High | ₹469.00 | ₹469.25 |
| Last Trade | ₹445.10 | ₹445.05 |
Smartworks Coworking Spaces IPO is a main-board IPO of 1,43,21,474 equity shares of the face value of ₹10 aggregating up to ₹583 Crores. The issue is priced at ₹407 per share. The minimum order quantity is 36.
The IPO opens on Thu, Jul 10, 2025, and closes on Mon, Jul 14, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Smartworks Coworking Spaces IPO using UPI as a payment gateway. Zerodha customers can apply in Smartworks Coworking Spaces IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Smartworks Coworking Spaces IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Smartworks Coworking Spaces IPO opens on Thu, Jul 10, 2025 and closes on Mon, Jul 14, 2025.
Smartworks Coworking Spaces IPO lot size is 36, and the minimum amount required for application is ₹14,652.
You can apply in Smartworks Coworking Spaces IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Smartworks Coworking Spaces IPO will be done on Tuesday, July 15, 2025, and the allotted shares will be credited to your demat account by Wed, Jul 16, 2025. Check the Smartworks Coworking Spaces IPO allotment status.
The Smartworks Coworking Spaces IPO listing date is on Thu, Jul 17, 2025.
