₹ 14652
₹387- ₹407
36
₹
-0
14 Jul 2025
Download16 Jul 2025
17 Jul 2025
Application Details
Smartworks Coworking Spaces IPO is a bookbuilding of ₹582.56 crores. The issue is a combination of fresh issue of 1.09 crore shares aggregating to ₹445.00 crores and offer for sale of 0.34 crore shares aggregating to ₹137.56 crores.
Smartworks Coworking Spaces IPO bidding opened for subscription on July 10, 2025 and will close on July 14, 2025. The allotment for the Smartworks Coworking Spaces IPO is expected to be finalized on Tuesday, July 15, 2025. Smartworks Coworking Spaces IPO will be list on BSE, NSE with a tentative listing date fixed as Thursday, July 17, 2025.
Smartworks Coworking Spaces IPO price band is set at ₹387 to ₹407 per share. The lot size for an application is 36. The minimum amount of investment required by an retail is ₹13,932 (36 shares). 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.
About Smartworks Coworking Spaces Limited
Company Overview
Originally incorporated as Smart Work Business Centre Pvt. Ltd in December 2015 in Kolkata, the company changed its name to Smartworks Coworking Spaces Pvt. Ltd in October 2018. It later became a public limited company in July 2024 and was renamed Smartworks Coworking Spaces Ltd.
Smartworks is engaged in providing customized managed workspace solutions with fully serviced, tech-enabled office environments. These modern workspaces are designed to meet the specific requirements of mid-to-large enterprises, combining aesthetics, technology, and essential amenities like cafeterias, gyms, crèches, and medical centers.
Business Operations and Footprint
As of March 31, 2024, Smartworks was the largest managed campus operator in India (among benchmarked operators), with a lease-signed portfolio of 8.0 million sq. ft.
By March 31, 2025, its managed campus platform had expanded to a Super Built-Up Area (SBA) of 8.99 million sq. ft. across 50 centres in 15 Indian cities, including Bengaluru, Pune, Hyderabad, Gurugram, Mumbai, Noida, and Chennai. The company operates 203,118 capacity seats, catering to businesses of all sizes, with a special focus on those requiring 300+ seats.
Clientele
Smartworks has a diverse client base of both Indian corporates and MNCs. Some prominent clients include:
- Google IT Services India
- L&T Technology Services
- Bridgestone India
- Philips Global Business Services
- Persistent Systems
- MakeMyTrip
- Concentrix
- Discovery Communications India
As of March 31, 2025, the company had 738 active clients occupying 152,619 seats, and as of June 30, 2025, it had 728 clients with 169,541 seats.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.