Smartworks Coworking Spaces
Mainboard₹14,652 / 36 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 14 Jul 2025,07:00:00 PM |
| QIBs | 24.41 |
| NII | NII (bids above ₹10L): 27.14 times NII (bids below ₹10L): 14.06 times NII Total: 22.78 |
| Retail | 3.53 times |
| Employee | 2.38 times |
| Total | 13.45 times |
Smartworks Coworking Spaces IPO Details
The Smartworks Coworking Spaces IPO price band is set between ₹387-407 per equity share, with a face value of ₹10 per share. The issue is managed by MUFG Intime India Private Limited (Link Intime), and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 10 Jul, 2025 and closes on 14 Jul, 2025. Investors can check the allotment status on 15 Jul, 2025, while the listing date is tentatively scheduled for 17 Jul, 2025.
The total issue size is Total 582.56 Cr :#Fresh Issue : 1,09,33,660 shares, aggregating up to ₹445.00 Cr. Stay tuned for the latest Smartworks Coworking Spaces IPO review and GMP updates.
Smartworks Coworking Spaces IPO Review, Rating & Analysis
Smartworks Coworking Spaces IPO Review
NO REVIEWSmartworks Coworking Spaces IPO Rating
Smartworks Coworking Spaces IPO Highlights
IPO Date
Jul 10, 2025 - Jul 14, 2025
Listing Date
17 Jul, 2025
Face Value
₹10 Per Equity Share
Price Band
₹387-407 per equity share
Lot Size
36 Shares
Fresh Issue
1,09,33,660 Shares
Offer for Sale
33,79,740 shares of ₹10
Listing At
BSE, NSE
Smartworks Coworking Spaces IPO Lot Size
The minimum market lot for Smartworks Coworking Spaces IPO is 36 shares with an application amount of ₹14,652. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| 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 | 2448 | ₹9,96,336 |
| B-HNI (Min) | 69 | 2484 | ₹10,10,988 |
Smartworks Coworking Spaces IPO Timeline
Issue Price
₹387-407 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
MUFG Intime India Private Limited (Link Intime)Lead Manager
Jm Financial LimitedBob Capital Markets LimitedIIFL Capital Services LimitedKotak Mahindra Capital Company LimitedIssue Size
Total 582.56 Cr :#Fresh Issue : 1,09,33,660 shares(aggregating up to ₹445.00 Cr) +
#OFS : 33,79,740 shares of ₹10(aggregating up to ₹137.56 Cr)
Smartworks Coworking Spaces IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 25 | 4650.85 | 1409.67 | -63.18 | 107.51 | 4.69 | 397.77 |
| 31 Mar 24 | 4147.08 | 1113.11 | -49.96 | 50.01 | 29.01 | 427.35 |
| 31 Mar 23 | 4473.5 | 744.07 | -101.02 | 31.47 | -46.23 | 515.39 |
All values are in ₹ Cr.
Smartworks Coworking Spaces IPO Valuations
EPS Pre IPO
-₹6.12/-EPS Post IPO
-₹5.54/-PE Pre IPO
-PE Post IPO
-ROE
%ROCE
42.30%Debt Equity
2.90RoNW
-58.76%PAT Margin
-Price to Book Value
38.58Promoters & Share Holding
Promoter(s) Name
- Neetish Sarda
- Harsh Binani
- Saumya Binani
- NS Niketan LLP
- SNS Infrareality LLP
- Aryadeep Realstates Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 65.19% | 58.25% |
About Company
Incorporated in 2015, Smartworks Coworking Spaces Limited is involved in the activity of bespoke managed workspace solutions, providing fully serviced, technology-enabled office spaces with design-driven aesthetics and core amenities to suit the particular requirements of businesses and their teams.
As of March 31, 2024, the company manages 8 million square feet of leased area, providing value-based pricing and premium office experiences, reimagining buildings as fully serviced Smartworks branded campuses.The company caters to mid-to-large companies, such as Indian corporates, MNCs, and startups, providing contemporary campuses with design, technology, and facilities such as cafeterias, gyms, crèches, and medical centers to enhance the well-being of employees.
As of March 31, 2024, the company had 603 customers with 130,047 seats. Presently, it has 618 customers and 149,660 seats, with 8,691 seats to be filled.Through March 31, 2024, the company owns four of India's five largest leased centers, including the 0.7 million square feet Vaishnavi Tech Park in Bengaluru, which is larger than other campuses.
As of March 31, 2024, we have 651 permanent staff.
Smartworks Coworking Spaces IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 71,10,632 | 21,33,190 14,22,126 7,11,063 | 49,77,442 | 1,00,56,237 |
Day 1 -10-07-25 05:00 PM | 0.00 x | 1.00 1.19 x 0.62 x | 0.57 x | 0.50 x |
Day 2 -11-07-25 05:00 PM | 0.63 x | 1.79 1.94 x 1.49 x | 1.18 x | 1.15 x |
Day 3 -14-07-25 05:00 PM | 24.41 x | 22.78 27.14 x 14.06 x | 3.53 x | 13.45 x |
Retail:3.02x
BHNI:5.4x
SHNI:14x times
Company Contact Details
Smartworks Coworking Spaces
Unit No. 305-310,Plot No 9, 10 and 11, Vardhman Trade Centre, Nehru Place, South Delhi, Delhi, New Delhi, 110019Phone: +91 83840 62876
Registrar Contact Details
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: smartwork.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Frequently Asked Questions about Smartworks Coworking Spaces IPO
When will Smartworks Coworking Spaces IPO open for subscription?
The Smartworks Coworking Spaces IPO opens on 10 Jul, 2025 and closes on 14 Jul, 2025.
What is the investors portion for Smartworks Coworking Spaces IPO?
The investors' portion for QIB is 24.41 x, NII is 27.14 x, and Retail is 3.53 x.
How to apply for Smartworks Coworking Spaces IPO?
You can apply for Smartworks Coworking Spaces IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Smartworks Coworking Spaces IPO?
The issue size of Smartworks Coworking Spaces IPO is approx ₹Total 582.56 Cr :#Fresh Issue : 1,09,33,660 shares(aggregating up to ₹445.00 Cr) +#OFS : 33,79,740 shares of ₹10(aggregating up to ₹137.56 Cr) crores.
What is the price band of Smartworks Coworking Spaces IPO?
The price band for Smartworks Coworking Spaces IPO is ₹387 to ₹407 per equity share.
What is the lot size of Smartworks Coworking Spaces IPO?
The minimum bid (lot size) for Smartworks Coworking Spaces IPO is N/A shares with an investment of approx ₹14,652 .
What is the allotment date of Smartworks Coworking Spaces IPO?
The allotment date for Smartworks Coworking Spaces IPO is 15 Jul, 2025.
What is the listing date of Smartworks Coworking Spaces IPO?
The listing date for Smartworks Coworking Spaces IPO is expected to be 17 Jul, 2025.
What is the GMP of Smartworks Coworking Spaces IPO?
The latest Grey Market Premium (GMP) for Smartworks Coworking Spaces IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.