A Oneindia Venture

Smartworks Coworking Spaces Ltd. IPO

Min Investment
₹ 14,652 / 36 shares
Price Range
₹387 - ₹ 407
Bidding Dates
10 Jul '25 - 14 Jul '25
Total Issue Value
582.93 Cr
Lot Size
36
Total Issue Size
582.93 Cr
Listing At
BSE, NSE
Subscription
10.11 times
BSE Price
500.00 (22.85%)
NSE Price
494.75 (21.56%)

IPO Timeline

  • 10 Jul 2025
    Bidding Starts
  • 14 Jul 2025
    Bidding Ends
  • 15 Jul 2025
    Allotment Finalization
  • 17 Jul 2025
    Listing

About Smartworks Coworking Spaces Ltd.

We are an office experience and managed campus platform. As of March 31, 2024, we were the largest managed campus operator, amongst the benchmarked operators in terms of total stock, with a lease signed portfolio of 8.0 million square feet (Source: CBRE Report). We have leased, and we manage ... Read more

Parent organisation
Founded
Smartworks Coworking Spaces Ltd.
2015

Smartworks Coworking Spaces Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 42,66,379 (29.79%)
Employee Reserved 1,01,351 (0.71%)
Non Institutional Investors 21,33,190 (14.89%)
Qualified Institutional Buyers (QIBs) 28,44,253 (19.86%)
Retail Individual Investors (RIIs) 49,77,442 (34.75%)

Smartworks Coworking Spaces Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2025 1,377.25 Cr -61.74 Cr 10.17 Cr
31 Mar 2024 1,113.13 Cr -47.02 Cr -24.84 Cr
31 Mar 2023 742.86 Cr -99.79 Cr -45.01 Cr

Smartworks Coworking Spaces Ltd. Background

Major Events And Milestones
  • 2016
    Incorporation of our Company and commencement of operations
  • 2017
    Established Pan-India presence across nine Tier-1 cities with 12 Centres
  • 2018
    Pivoted our business model, transitioning from a co-working company to an office experience and managed campus platform by leasing large/ entire properties and working with mid-tolarge Enterprise Clients
  • 2019
    Crossed ₹1,000.00 million in revenue from operations
    Our Company raised funding of ₹1,772.19 million, through issuance of CCPS to Space Solutions India Pte. Ltd. (formerly Lisbrine Pte Limited)
  • 2020
    Launched ‘SW App’ and ‘IoT solutions’ for contactless processes during COVID-19
  • 2021
    Our revenue from operations in 2021 was approximately ₹3,000.00 million from approximately ₹1,000.00 million in Fiscal 2019, which was during COVID-19
  • 2022
    Leased our largest center of approximately 0.70 million square feet located in Vaishnavi Tech Park in Bengaluru (Source: CBRE Report)
  • 2023
    Deutsche Bank A.G., London Branch invested in our Company by way of subscribing to 850,000 partly paid-up warrants each of ₹260 of our Company
    Opened Centres in four Tier-2 cities namely, Jaipur, Indore, Ahmedabad and Kochi
  • 2024
    Launched FaaS to provide tailored design and build solutions for customers’ offices with advance payments from Client
    Crossed ₹10,000.00 million in revenue.
    Expanded our business to Singapore by taking two business centres on lease in Singapore pursuant to purchase of certain assets of Keppel Real Estate Services Pte. Ltd.
    Raised funding by way of private placements of ?1,680.00 million from Space Solutions India Pte. Ltd. (formerly Lisbrine Pte. Limited), Ananta Capital Ventures Fund 1, Plutus Capital, and other investors. For further details, see “Capital Structure - Equity Share capital history of our Company.”
Smartworks Coworking Spaces Ltd. Object of Issues

1. Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by our Company
2. Capital expenditure for fit-outs in the new centres and for security deposits of the new centres
3. General corporate purposes

Smartworks Coworking Spaces Ltd. IPO Listing Details
Listing Date
17 Jul 2025
BSE Script Code
SMARTWORK
NSE Symbol
SMARTWORKS
ISIN
INE0NAZ01010
Final Issue Price
₹ 407
Smartworks Coworking Spaces Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 407.00 ₹ 407.00
Open ₹ 436.10 ₹ 435.00
Low ₹ 436.00 ₹ 435.00
High ₹ 469.00 ₹ 469.25
Last Trade ₹ 445.10 ₹ 445.05
Smartworks Coworking Spaces Ltd. Company Promoters

1. Neetish Sarda
2. Harsh Binani
3. Saumya Binani
4. NS Niketan LLP
5. SNS Infrarealty LLP
6. Aryadeep Realestates Private Limited.

Industry Overview

India’s commercial office stock stands at an estimated 883 million square feet as at March 31, 2025. It is forecasted to grow at a CAGR of 6.7% to 1,072 million square feet by the end of 2027 (Basis the graph in “Industry Overview- Evolution of Office Stock in India” on page ... Read more

Smartworks Coworking Spaces Ltd. Contact Details
Address: Unit No. 305-310, Plot No 9, 10 and 11, Vardhman Trade Centre, Nehru Place, South Delhi, Delhi Delhi - 110019
Phone no:8384062876
8384062876
|
Smartworks Coworking Spaces Ltd. IPO Registrar
MUFG Intime India Pvt. Ltd.
C-101, 1st Floor, 247 Park, Lal Bahadur Shashtri Marg, Vikhroli (West), Mumbai Maharashtra - 400083
8108114949
Smartworks Coworking Spaces Ltd. IPO Lead Manager(s)
BOB Capital Markets Ltd.
1704, B Wing, 17th Floor, Parinee Crescenzo, Plot No. C – 38/39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai Maharashtra - 400051
61389353

FAQs

When does Smartworks Coworking Spaces Ltd. IPO opens and closes?

Smartworks Coworking Spaces Ltd. IPO opens from 10th July to 14th July 2025.

What is the size of Smartworks Coworking Spaces Ltd. IPO?

The size of the Smartworks Coworking Spaces Ltd. IPO is ₹582.93 Cr.

What is the price range of Smartworks Coworking Spaces Ltd. IPO?

The price range of Smartworks Coworking Spaces Ltd. IPO is at ₹387 to ₹407 per share.

What is the minimum investment and lot size required for the Smartworks Coworking Spaces Ltd. IPO?

The minimum investment required is ₹14,652 and minimum lot size is 36 shares.

When is Smartworks Coworking Spaces Ltd. IPO listing date?

The Smartworks Coworking Spaces Ltd. IPO will be listed on 17th July 2025.

What is the objective of Smartworks Coworking Spaces Ltd. IPO?

1. Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by our Company
2. Capital expenditure for fit-outs in the new centres and for security deposits of the new centres
3. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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