SMARTWORKS COWORKING SPACES LIMITED
₹ 387 - ₹ 407
10-Jul-2025 - 14-Jul-2025
₹ 14652.00

/ 36 Shares

SMARTWORKS COWORKING SPACES LIMITED

10-Jul-2025 - 14-Jul-2025

₹ 387 - ₹ 407

Price Band

₹ 14652.00

Minimum Investment

36

Bid Lot

14,322,614

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 138,262 Application Required in Retail for 1 Time.

  • Registrar : Link Intime India Private Ltd

IPO Details

Category % Shares/Amount
QIB 50% 7,110,630 Shares Rs. 289.40 CR
HNI 1 5% 711,063 Shares Rs. 28.94 CR @ 1411 FORM 1X
HNI 2 10% 1,422,127 Shares Rs. 57.88 CR @ 2822 FORM 1X
Retail 35% 4,977,443 Shares Rs. 202.58 CR @ 138262 FORM 1X
Employee 0% 101,351 Shares RS.3.75 CR

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
138262 FORM 1X 1411 FORM 1X 2822 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 36 ₹ 14,652
Retail (Upto 2 Lakh) 13 468 ₹ 190,476
S-HNI (2 Lakh to 10 Lakh) 14 504 ₹ 205,128
S-HNI (2 Lakh to 10 Lakh) 68 2448 ₹ 996,336
B-HNI (Above 10 Lakh) 69 2484 ₹ 1,010,988

IPO Timeline

  • Open Date

    10-Jul-2025

  • Close Date

    14-Jul-2025

  • Basis of Allotment Date

    15-Jul-2025

  • Initiation of Refunds

    16-Jul-2025

  • Credit Shares to Demat A/c

    16-Jul-2025

  • IPO Listing Date

    17-Jul-2025

Subscription as on
10-Jul-2025 13:27

Category Book Size Subscription No. of Times
QIB 2,844,252 ₹ 115.76 Cr. 3,492 ₹ 0.14 Cr. 0.00x
HNI (<10 LAKH) 711,063 ₹ 28.94 Cr. 224,964 ₹ 9.16 Cr. 0.32x
HNI2 (>10 LAKH) 1,422,127 ₹ 57.88 Cr. 800,208 ₹ 32.57 Cr. 0.56x
RETAIL 4,977,443 ₹ 202.58 Cr. 1,698,588 ₹ 69.13 Cr. 0.34x
EMP 101,351 ₹ 4.12 Cr. 35,784 ₹ 1.46 Cr. 0.35x
Total 10,056,236 2,763,036 0.27x
Category Book Size Subscription No. of Times
QIB 2,844,252 ₹ 115.76 Cr. 3,492 ₹ 0.14 Cr. 0.00x
HNI (<10 LAKH) 711,063 ₹ 28.94 Cr. 224,964 ₹ 9.16 Cr. 0.32x
HNI2 (>10 LAKH) 1,422,127 ₹ 57.88 Cr. 800,208 ₹ 32.57 Cr. 0.56x
RETAIL 4,977,443 ₹ 202.58 Cr. 1,698,588 ₹ 69.13 Cr. 0.34x
EMP 101,351 ₹ 4.12 Cr. 35,784 ₹ 1.46 Cr. 0.35x
Total 10,056,236 2,763,036 0.27x

*Excluding Anchor

Total No. of Application Approx : ~38014 (0.27 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

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 served 738 clients with 152,619 seats. Currently, it has 728 clients and 169,541 seats, with 12,044 seats yet to be occupied.

 

As of March 31, 2024, the company holds four of India's five largest leased centers, including the 0.7 million square feet Vaishnavi Tech Park in Bengaluru, surpassing other campuses in size.
 

Business Model: The company’s managed campus platform creates an ecosystem of key stakeholders: clients, landlords, employees, and service partners.

  • Clients: The company specializes in serving large and emerging enterprises with customizable, tech-enabled workspaces across key Indian cities, offering modern, cost-efficient solutions and amenities to enhance employee well-being and productivity.
  • Landlords: The company partners with non-institutional landlords to transform properties into fully serviced Smartworks campuses, offering rental assurance, efficient management, and long-term leases, benefiting both landlords and tenants.
  • Clients’ Employees: The company offers fully serviced, tech-enabled centers with amenities like cafeterias, gyms, crèches, and medical centers, promoting collaboration, team building, and employee well-being in a vibrant work environment.
  • Service partners: The company collaborates with service partners like Chaipoint and ClearTax to provide amenities such as cafeterias, gyms, and medical centers, offering employees value-added services and partners access to a large customer base.

As of March 31, 2025, the company had 794 permanent employees.

Read More

Strengths

Cometitive Strengths:

  • Their market leadership backed by scale and steady growth
  • Their ability to lease and transform entire/ large properties across India’s key clusters into amenities rich ‘Smartworks’ branded Campuses.
  • Their focus is on acquiring Enterprise Clients with higher Seat requirements as well as emerging mid-to-large Enterprises and growing with them.
  • Their execution capabilities are backed by cost efficiencies, effective processes, and technology infrastructure.
  • Their financial acumen and strategic execution abilities make us capital efficient, resulting in saving our equity on capital expenditure and working capital.
  • Their risk-mitigating strategy allows us to build a financially stable business model.

Company Promoters

Company Financials

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 4,650.85 4,147.08 4,473.50
Revenue 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

Objects of the Issue

The Company Smartworks Coworking IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No. Objects of the Issue Expected Amount (? in crores)
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  

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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