Smartworks Coworking Spaces Limited IPO

Mainboard Live

Offer Date: Jul 10, 2025 - Jul 14, 2025

Exp. Premium: 19-20 (4.67%)

₹ 14652 /36 Shares

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Smartworks Coworking Spaces IPO Live Subscription Details

Date

11 Jul 2025,05:00:00 PM

QIBs

0.63

NII

NII (bids above ₹10L): 1.94x
NII (bids below ₹10L): 1.49x
NII Total: 1.79

Retail

1.18x

Employee

1.01x

Total

1.15 times

Smartworks Coworking Spaces IPO Details

10 Jul, 2025

Open Date

14 Jul, 2025

Close Date

15 Jul, 2025

Allotment Date

17 Jul, 2025

Listing Date

Issue Price

₹387-407 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

MUFG Intime India Private Limited (Link Intime)

Market Lot

Retail : 36 Shares (₹14,652/-)
S-HNI : 504 Shares (₹2,05,128/-)
B-HNI : 2,484 Shares (₹10,10,988/-)

Lead Manager

Jm Financial Limited
Bob Capital Markets Limited
IIFL Capital Services Limited
Kotak Mahindra Capital Company Limited

Issue 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)

Retail Portion

35% (Number of Retail Applications: 1,38,262 Approx),
(Number of S-HNI Applications : 1,411 Approx),
(Number of B-HNI Applications : 2,822 Approx)

Subscription

1.15 times

IPO Docs

DRHP RHP ANCHOR

Smartworks Coworking Spaces IPO Details

Smartworks Coworking Spaces IPO is a book-built issue of ₹582.56 crores, The total issue size is ₹582.56 crores. The IPO of Smartworks Coworking Spaces is priced at ₹387-407 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jul 10, 2025 and ends on Jul 14, 2025. The allotment for Smartworks Coworking Spaces IPO will be finalized on Jul 15, 2025. Smartworks Coworking Spaces IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 17, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Private Limited (Link Intime) is the registrar of the issue.

Retail investors can bid for a minimum of 36 shares, extendable to 14,652. S-HNIs will be able to bid for 504 shares at ₹2,05,128, while B-HNIs can also apply for a bid of 2,484 shares at ₹10,10,988. The book-running lead manager for the IPO is/are Jm Financial Limited , Bob Capital Markets Limited , IIFL Capital Services Limited , Kotak Mahindra Capital Company Limited .

The total issue ₹582.56 crore, comprising a fresh issue of 1,09,33,660 shares ₹445 crore and an Offer for Sale (OFS) of 33,79,740 shares to mop up ₹147.56 crore.

The Smartworks Coworking Spaces IPO sets its price band at 387-407 for each share. A single application for Smartworks Coworking Spaces Limited IPO must contain at least 36 shares. Sentiment investors need to invest a minimum of 36 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,652 In order to participate in the sNII, investors must purchase at least 14 lots of 504 shares for ₹2,05,128, while the bNII requires 69 lots of 2,484 shares for an investment of ₹10,10,988.

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

Total No. of Applications: 1,42,975 (Approx)

Smartworks Coworking Spaces Valuations

EPS Pre IPO

-₹6.12/-

EPS Post IPO

-₹5.54/-

P/E Pre IPO

P/E Post IPO

ROE

ROCE

42.30%

Debt/Equity

2.90

RoNW

-58.76%

PAT Margin

Price to Book Value

38.58

Smartworks Coworking Spaces Company Financials All values are in ₹ Cr.

	31-Mar-25	31-Mar-24	31-Mar-23
Assets	4,650.85	4,147.08	4,473.5
Revenue	1,409.67	1,113.11	744.07
Profit After Tax	-63.18	-49.96	-101.02
Net Worth	107.51	50.01	31.47
Reserves & Surplus	4.69	29.01	-46.23
Total Borrowing	397.77	427.35	515.39

About The 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 - Strength and Weakness

Strength

Smartworks managed 8.99 million sq. ft. across 50 centres in India

Revenue grew at a CAGR of 38.98% between FY2023 and FY2025.

Committed occupancy rate reached 89.03% as of June 30, 2025.

Serves large enterprise clients with deals up to 6,300 seats.

Weakness

75.19% of rental revenue comes from just four key cities.

Heavy dependence on large clients needing 300+ seats increases risk.

Failure to find right properties may hurt growth and profits.

Past losses and negative cash flows may continue in future.

Smartworks Coworking Spaces - Promoter(s)

Pre Issue Share Holding: 65.19%

Post Issue Share Holding: 58.25%

Company Promoter(s)

Neetish Sarda
Harsh Binani
Saumya Binani
NS Niketan LLP
SNS Infrareality LLP
Aryadeep Realstates Private Limited

Smartworks Coworking Spaces IPO - Issue Objectives

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.

Smartworks Coworking Spaces IPO - Anchor Investors

Anchor investors invested Rs 174 crore worth shares.
Tata Mutual Fund, Axis New Opportunities AIF, Aditya Birla Sun Life Insurance Company, Baroda BNP Paribas Mutual Fund, Sageone, SBI General Insurance Company, Trust Mutual Fund, BNP Paribas, and Societe Generale are among 12 institutional investors participated through the anchor book.

Other Details

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, 110019

Phone: +91 83840 62876

Email: companysecretary@sworks.co.in

Website: https://www.smartworksoffice.com/home/

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

Smartworks Coworking Spaces IPO - FAQs

Ans. Smartworks Coworking Spaces Limited IPO is a Mainboard IPO. The issue is priced at ₹387-407 per equity share. The minimum order quantity is 36 Shares. The IPO opens on Jul 10, 2025, and closes on Jul 14, 2025. MUFG Intime India Private Limited (Link Intime) is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Smartworks Coworking Spaces Limited IPO opens on Jul 10, 2025 and closes on Jul 14, 2025.

Ans. The size of Smartworks Coworking Spaces Limited IPO is 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).

Ans. The IPO price band is set between ₹387-407 per equity share.

Ans. To apply for Smartworks Coworking Spaces Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Smartworks Coworking Spaces Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Smartworks Coworking Spaces Limited IPO is Jul 15, 2025.

Ans. The Smartworks Coworking Spaces Limited IPO will be listed on Jul 17, 2025.

Ans. Follow the steps to check the allotment status for Smartworks Coworking Spaces Limited IPO here.

UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.

Smartworks Coworking Spaces Limited IPO

Offer Date	Jul 10 - Jul 14, 2025
Offer Price	₹ 387-407
Lot Size	36

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Smartworks Coworking Spaces Limited IPO

Smartworks Coworking Spaces IPO Live Subscription Details

Smartworks Coworking Spaces IPO Details

Smartworks Coworking Spaces IPO Subscription Details

Smartworks Coworking Spaces Valuations

Smartworks Coworking Spaces Company Financials All values are in ₹ Cr.

About The Company

Smartworks Coworking Spaces - Strength and Weakness

Smartworks Coworking Spaces - Promoter(s)

Smartworks Coworking Spaces IPO - Issue Objectives

Smartworks Coworking Spaces IPO - Anchor Investors

Other Details

Smartworks Coworking Spaces IPO - FAQs