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Smartworks Coworking IPO

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BSE,NSE 10 July - 14 July 2025
Smartworks Coworking Spaces Limited IPO is a book build issue of 582.56 Cr. The issue is a combination of fresh issue of 10933660 shares aggregating to 445 Cr and offer for sale of 3379740 shares aggregating to 137.56 Cr. Smartworks Coworking Spaces Limited IPO opened for subscription on Jul 10, 2025 and closed on Jul 14, 2025. The allotment for the this IPO was finalized on Jul 15, 2025. IPO was listed on NSE and BSE on Jul 17, 2025. Smartworks Coworking Spaces Limited IPO is set issue price band at ₹387 to ₹407 per share.

Current GMP

₹25 (+6.14%)

Price Band

₹ 387 – 407

Lot Size

36

Issue Size

₹582.56 Cr

Minimum Investment

₹14652 (36 Shares)

Listing Date

17 July 2025

Subscription

13.45x

About the Company

Incorporated in 2015, Smartworks is India's largest managed campus operator (by leased portfolio as of March 31, 2024), offering tech-enabled, fully serviced office spaces for mid-to-large enterprises. The company provides customized, modern workspaces with a strong focus on employee experience and operational efficiency.

Key Metrics (as of March 31, 2025 unless stated otherwise):

  • Total Leased Area (SBA): 8.99 million sq. ft.
  • Active Clients: 728
  • Active Seats: 169,541 (with ~12,000 yet to be occupied)
  • Average Centre Size: 0.18 million sq. ft.
  • Employees: 651 permanent staff
  • International Presence: 2 centers in Singapore (35,036 sq. ft., 83 clients)
  • Largest Center: Vaishnavi Tech Park, Bengaluru (0.7 million sq. ft.)

Business Model:

A Managed Campus Platform connecting:

  • Clients: Offers customizable, tech-integrated, cost-efficient workspaces with amenities to boost productivity.
  • Landlords: Transforms bare shell properties into Smartworks-branded campuses with long-term lease benefits.
  • Employees: Provides access to cafeterias, gyms, crèches, medical centers, and collaborative spaces.
  • Service Partners: Collaborates with brands like Chaipoint and ClearTax to enrich service offerings.

Competitive Strengths:

  • Market Leadership in the managed office space segment
  • Ability to lease and transform large campuses in key urban clusters
  • Enterprise-focused client acquisition strategy
  • Operational efficiency through tech integration and process standardization
  • Financial discipline enabling capital-efficient growth
  • Risk mitigation strategy ensuring financial stability

Promoters

  1. Neetish Sarda
  2. Harsh Binani
  3. Saumya Binani
  4. NS Niketan LLP
  5. SNS Infrareality LLP 
  6. Aryadeep Realstates Private Limited
Promoters Holding

Holding Pre Issue

69.19%

Holding Post Issue

58.25%

Objects of the Issue

The Company intends to utilize the net proceeds of the Offer in the following objects:

  1. Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company.
  2. Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres (“Capex”)
  3. General corporate purposes.

Address / Contact Info

Smartworks Coworking Spaces Limited
Unit No. 305-310, Plot No 9, 10
and 11, Vardhman Trade Centre
Nehru Place, South Delhi,
Delhi – 110 019, India

Phone: +91 83840 62876
Email: companysecretary@sworks.co.in
Website: https://www.smartworksoffice.com/home/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 387 – 407
Lot Size36
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 445.00 Cr
Offer for Sale₹ 137.56 Cr
Total Issue Size₹ 582.56 Cr
Listing AtBSE,NSE
Employee Discount37
Industry
Sector
QIB Quota0%
BNII Quota0%
SNII Quota0%
Retail Quota0%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Smartworks Coworking IPO is a Book-building IPO worth ₹582.56 crores. The price band is ₹387 to 407 per share. The IPO opens on Thu, Jul 10, 2025 and closes on Mon, Jul 14, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.

The Smartworks Coworking IPO opens on Thu, Jul 10, 2025 and closes on Mon, Jul 14, 2025

Smartworks Coworking IPO Price Band is ₹387 to 407.

Smartworks Coworking IPO lot size is 36, and the minimum amount required for application is ₹14652.

The minimum investment for Smartworks Coworking IPO is approximately ₹14652 based on the upper price band.

To apply for the Smartworks Coworking IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Jul 14, 2025. After submission, funds are blocked until the basis of allotment of Smartworks Coworking IPO is finalised.

Smartworks Coworking IPO issue size is ₹582.56 crores.

Smartworks Coworking IPO allotment date is Sat, Jun 27, 2026.

The registrar for Smartworks Coworking IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Smartworks Coworking IPO through their official website or helpline.

The Smartworks Coworking IPO GMP (Grey Market Premium) is ₹25 as of Thu, Jul 17, 2025. Based on the upper price band of ₹407 per share, the estimated Smartworks Coworking IPO listing price is ₹432, indicating a potential listing gain of approximately 31% over the issue price.