Smartworks Coworking IPO Details
The Smartworks Coworking IPO is a book build issue with a total issue size of ₹582.56 cr, comprising of fresh issue of 10933660 equity shares., and a offer for sale of 3379740 equity shares. Smartworks Coworking IPO opened for subscription on Jul 10, 2025 and closed on Jul 14, 2025. Smartworks Coworking IPO is set price band at ₹387 to ₹407 per share, with a lot size of 36 shares. Minimum investment for Retail investors was ₹14,652.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 15, 2025, and listed on both the NSE and BSE on Jul 17, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. IIFL Capital Services Limited, Bob Capital Markets Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited are the Book Running Lead Manager for the issue.
Before investing in the Smartworks Coworking IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 387 – 407
- Lot Size
- 36
- Issue Size
- ₹582.56 Cr
- Minimum Investment
- ₹14652 (36 Shares)
- Listing Date
- 17 July 2025
Current GMP
₹25 (+6.14%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Smartworks Coworking Spaces Limited
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
Smartworks Coworking IPO Promoters
- Neetish Sarda
- Harsh Binani
- Saumya Binani
- NS Niketan LLP
- SNS Infrareality LLP
- Aryadeep Realstates Private Limited
Promoters Holding
Holding Pre Issue
69.19%
Holding Post Issue
58.25%
Smartworks Coworking IPO Objective
The Company intends to utilize the net proceeds of the Offer in the following objects:
- Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company.
- Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres (“Capex”)
- 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
Book Running Lead Managers
- IIFL Capital Services Limited
- Bob Capital Markets Limited
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
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 with a total issue size of ₹582.56 crore. The Smartworks Coworking IPO price band is ₹387 to 407 per share. The Smartworks Coworking IPO subscription opens on Thu, Jul 10, 2025, and closes on Mon, Jul 14, 2025. The Smartworks Coworking IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Smartworks Coworking IPO.
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 per share.
Smartworks Coworking IPO lot size is 36 shares, Retail investors need a minimum investment of ₹14652 based on the upper price band
The minimum investment for Smartworks Coworking IPO is ₹14652, based on one lot of 36 shares at the upper price band of ₹407 per share.
Investors can apply for the Smartworks Coworking IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jul 14, 2025. The application amount remains blocked until the Smartworks Coworking IPO allotment is finalized.
Smartworks Coworking IPO issue size is ₹582.56 crores.
Smartworks Coworking IPO allotment date is Wed, Jul 1, 2026.
The registrar for Smartworks Coworking IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Smartworks Coworking IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.