Smartworks Coworking Spaces is set to launch its IPO on 10th July and the subscription window will open until 14th July. The company aims to raise ₹582.56 Cr through this public offering. The price band for Smartworks Coworking IPO has been fixed between ₹387 – ₹407 and the IPO is expected to list on NSE, BSE platforms on 17 July.
About Smartworks Coworking IPO
Started in 2015, Smartworks Coworking Spaces offers ready to use, tech enabled office spaces that are customized to meet the needs of different businesses. Their offices are modern, well designed and come with all essential facilities like cafeterias, gyms, crèches and medical centers to improve employee comfort and productivity.
Smartworks mainly works with mid to larg sized businesses including MNCs and even startups. They create office campuses that blend design, technology and employee-friendly services.
- As of March 31, 2025, they served 738 clients with 152,619 seats.
- Currently, they serve 728 clients with 169,541 seats, of which 12,044 seats are yet to be occupied.
Smartworks Business Model
Smartworks connects four main groups through its managed campus platform:
- Clients: They offer flexible, cost effective and fully serviced office spaces to large and growing companies across major Indian cities.
- Landlords: They work with property owners to convert buildings into Smartworks campuses. In return, landlords get rental assurance, professional management and long term leases.
- Clients’ Employees: Employees working in Smartworks offices enjoy modern spaces with various on site amenities that promote well being, collaboration and a work culture.
- Service Partners: They collaborate with brands like Chaipoint and ClearTax to provide additional services like food, fitness and health, enhancing employee experience while giving partners access to a large audience.
Smartworks Coworking IPO Highlights
- Smartworks Coworking’s IPO is valued at ₹582.56 Cr and the price band is set between ₹387 to ₹407
- The IPO is a combination of fresh issue of 1.09 Cr shares aggregating to ₹445 Cr and OFS of 0.34 Cr shares aggregating to ₹137.56 Cr.
- Smartworks Coworking’s IPO will open for subscription on 10 July 2025 and close on 14 July 2025. Share allotment is likely to take place on 15 July 2025 and the shares are expected to be listed on BSE and NSE on 17 July 2025.
- Promoters currently hold 65.19% of the company but after the IPO, their shareholding will come down to 58.25%.
- The company will use net proceeds to repay or reduce company loans, fund fit-out costs and security deposits for new centres, and cover general corporate expenses.
- MUFG Intime India Private Limited (Link Intime) will be the registrar for Smartworks Coworking IPO.
Smartworks Coworking IPO GMP
As of 7th July 2025, Smartworks Coworking’s IPO is trading at a Grey Market Premium (GMP) of ₹0. Based on the upper price band of ₹407, the shares are expected to list at around the same price. Currently, the GMP is flat, but it may change in the coming days. We will update this section as new information becomes available.
So, stay tuned with Trade Target for daily updates on Smartworks Coworking IPO GMP and expected listing price.
-
- Date: 11 July 2025
- Smartworks Coworking GMP: ₹441 ( 8.35%)
- Date: 10 July 2025
- Smartworks Coworking GMP: ₹437 ( 7.37%)
- Date: 9 July 2025
- Smartworks Coworking GMP: ₹439 ( 7.86%)
- Date: 8 July 2025
- Smartworks Coworking GMP: ₹435 (6.88%)
- Date: 7 July 2025
- Smartworks Coworking GMP: ₹407
How can one apply for Smartworks Coworking IPO?
Retail investors can apply for minimum of 1 lot, which includes 36 shares costing ₹14,652. The maximum investment allowed for retail investors is 13 lots which totals 468 shares and costs ₹1,90,476.
Below is a table summarizing the lot sizes and required amounts for each investor category:
| 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 |
2,448 |
₹9,96,336 |
|
B-HNI (Min)
|
69 |
2,484 |
₹10,10,988 |
Smartworks Coworking IPO Financial
As of March 31, 2025, Smartworks Coworking Spaces reported a negative Profit After Tax (PAT) for the last three financial years: (₹101.05) crore in FY 2023, (₹49.96) crore in FY 2024, and (₹63.18) crore in FY 2025
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
|
Assets (₹ Crores) |
1,902.73
|
4,147.08 |
4,473.50 |
|
Revenue (₹ Crores) |
1,409.67 |
1,113.11 |
744.07
|
|
PAT (₹ crores)
|
-63.18 |
-49.96 |
-101.05
|
|
EBITA(₹ Crores) |
857.26 |
659.67 |
424.00 |
|
Net Worth (₹ Crores) |
107.51 |
50.01 |
31.47 |
|
Reserves and Surplus (₹ crores)
|
4.69 |
29.01 |
-46.23
|
|
Total Borrowing (₹ crores)
|
397.77 |
427.35 |
515.39
|
Smartworks Coworking IPO Vs Peer
While comparing it with its peers, the company shows a negative EPS, which is not good.
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
Smartworks Coworking |
-6.18
|
– |
|
Awfis Space Solutions
|
9.67
|
63.18
|
Smartworks Coworking IPO Quota Allocation
- QIB Investors: 50% of the net issue
- Retail Investors: 35% of the net issue
- NII (HNI) Investors: 15% of the net issue
Listing Date of Smartworks Coworking IPO
- Subscription Period: 10 July to 14 July 2025
- Basis of Allotment Finalization: 15 July 2025
- Initiation of Refunds: 16 July 2025
- Demat Credits: 16 July 2025
- Listing Date: 17 July 2025
- Listing on: NSE, BSE
Smartworks Coworking IPO FAQs (Frequently Asked Questions)
What is the total issue size of Smartworks Coworking’s IPO?
The total size of Smartworks Coworking’s IPO is ₹582.56 Cr.
When will Smartworks Coworking IPO open and close?
Smartworks Coworking’s IPO will open for subscription on 10 July 2025 and close on 14 July 2025.
What is the lot size for Smartworks Coworking IPO?
Retail Investors can bid for a minimum of one lot, which includes 36 shares. And one lot will cost you around ₹14,652.
What is the share allotment date for Smartworks Coworking IPO?
The allotment of shares is expected to be completed by 15 July 2025.
Who is the registrar of Smartworks Coworking IPO?
MUFG Intime India Private Limited (Link Intime) is the official registrar for Smartworks Coworking’s IPO.
Where will Smartworks Coworking shares be listed?
The shares are planned to be listed on both BSE and NSE.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
