Smartworks Coworking IPO

Smartworks Coworking IPO

Listed

MainboardOpens 10 July 2025Closes 14 July 2025

Smartworks Coworking Spaces Limited is an office experience and managed campus platform, and one of the largest managed campus operators in terms of total stock. The company offers fully serviced, tech-enabled office…

Show more
Live GMPSubscriptionAllotment
Price band
₹387.00 - 407.00
Issue size
₹582.56 Cr
Lot size
36 shares
Type
Mainboard
GMP
₹25 (+6.1%)
Est. listing
₹432
Est. profit / app
₹900
Retail quota
—

Key ratios

As per RHP / filings
Face value
₹10
EPS
-5.54
P/E ratio
0
RoNW
-58.76%
ROE
0%
Debt / Equity
2.9
Advertisement

Timeline

  1. IPO Opens

    10 Jul 2025

  2. IPO Closes

    14 Jul 2025

  3. Allotment

    15 Jul 2025

  4. Listing

    17 Jul 2025

IPO Timeline & Listing Details

EventDate
IPO Open Date10 July 2025
IPO Close Date14 July 2025
Allotment Date15 July 2025
Listing Date17 July 2025

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,652
Retail (Max)Just less than ₹2,00,000
13₹1,90,476
SHNI (Min)Just above ₹2,00,000
14₹2,05,128
SHNI (Max)Below ₹10,00,000
68₹9,96,336
BHNIAbove ₹10,00,000
69₹10,10,988

IPO Objectives

  • Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company (₹114.00 Cr)
  • Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres (₹225.84 Cr)
  • General Corporate Purposes.

Strengths

  • Largest managed campus operator in India based on total stock, with a lease-signed portfolio of 8.99 million square feet across 50 centers and 15 cities as of March 31, 2025.
  • Ability to lease and transform entire/large properties into fully serviced, tech-enabled Smartworks campuses with amenities.
  • Focus on mid-to-large enterprises with higher seat requirements, leading to longer client lock-ins and stable revenue.
  • Strong execution capabilities backed by cost efficiencies and proprietary technology infrastructure (e.g., BuildX, CRM tools), enabling streamlined operations and faster delivery.
  • Experienced promoters and management team with deep industry knowledge, driving strategic diversification and growth.

Weaknesses

  • The company has reported net losses for the past three fiscal years, making its path to consistent profitability a key area for investor scrutiny.
  • Revenue concentration: Approximately 75% of revenue (FY25) is derived from centers in four regions (Pune, Bengaluru, Hyderabad, and Mumbai).
  • Significant dependence on the performance of the commercial real estate market in India; downturns in this sector could adversely impact business.
  • Lease renewal risks: A substantial portion of operations is conducted on leased premises, and inability to renew agreements on favorable terms could disrupt operations and increase costs.
Advertisement

Financial Performance

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)4,650.854,147.084,473.5
Revenue (₹ Cr.)1,409.671,113.11744.07
PAT (₹ Cr.)-63.18-49.96-101.05
Net Worth (₹ Cr.)107.5150.0131.47

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Smartworks Coworking Spaces Limited38.580-58.76%107.51
Awfis Space Solutions Limited9.963.189.38%251

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0.64x24.92x
NII1.04x1.86x23.64x
S-HNI0.64x1.55x14.5x
B-HNI1.24x2.02x28.21x
RII0.6x1.23x3.61x
EMP0.5x1.07x2.49x
Total0.52x1.2x13.88x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB28,44,2547,08,75,8642,884.65
NII21,33,1905,04,23,1842,052.22
Small NII7,11,0631,03,10,724419.65
Big NII14,22,1264,01,12,4601,632.58
RII49,77,4421,79,91,720732.26
EMP1,01,3512,52,82810.29
Total1,00,56,23713,95,43,5965,679.42
Advertisement

Company Details

  • Smartworks Coworking Spaces Ltd.
  • Unit No. 305-310, Plot No 9, 10 and 11, Vardhman Trade Centre, Nehru Place, Delhi, New Delhi-110019, India
  • +91 83840 62876
  • companysecretary@sworks.co.in
  • https://www.smartworksoffice.com/home/

Registrar Details

Frequently Asked Questions

See live numbers on GMP, Subscription, and Allotment pages.

Smartworks Coworking IPO News & Updates

Follow the latest updates for Smartworks Coworking IPO, including grey market moves and allotment news.

Smartworks Coworking IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Smartworks Coworking IPO Details

Issue size, price, financials, and company info

Smartworks Coworking IPO GMP

Live grey market premium and listing estimate

Smartworks Coworking IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Smartworks Coworking IPO Allotment

Allotment date, chances, and check by PAN

Smartworks Coworking IPO Review

SWOT, strengths, risks, and IPO review

Smartworks Coworking IPO FAQ

Common questions on dates, GMP, and allotment

Smartworks Coworking IPO Registrar

Registrar website and how to check allotment

Smartworks Coworking IPO Timeline

Open, close, allotment, and listing dates

Smartworks Coworking IPO News

Updates, blogs, and latest IPO news

Sources

We match Smartworks Coworking IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Private Limited (Link Intime)Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

Loading comments...