Smartworks Coworking IPO Subscription Status
Smartworks Coworking IPO closed on 14 July 2025 with an overall subscription of 13.92x based on shares applied. QIB demand came in at 24.92x, NII at 23.64x, and retail at 3.61x.
Allotment will be finalised on 15 July 2025. The stock is scheduled to list on NSE and BSE on 17 July 2025.
Issue Price
Rs 407.00
GMP Today
Rs 25.00 (+6.14%)
Overall Subscription
13.92x
Issue Size
₹582.56 Cr
Allotment Date
15 Jul 2025
Listing Date
17 Jul 2025
Smartworks Coworking IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 407.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 115.76 Cr | Rs 2,884.65 Cr | 24.92x |
| NII | Rs 86.82 Cr | Rs 2,052.22 Cr | 23.64x |
| sNII (Rs 2L to Rs 10L) | Rs 28.94 Cr | Rs 419.65 Cr | 14.50x |
| bNII (above Rs 10L) | Rs 57.88 Cr | Rs 1,632.58 Cr | 28.21x |
| Retail | Rs 202.58 Cr | Rs 732.26 Cr | 3.61x |
| Total | Rs 405.16 Cr | Rs 5,669.13 Cr | 13.99x |
Smartworks Coworking IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 28,44,254 | 7,08,75,864 | 24.92x |
| NII | 21,33,190 | 5,04,23,184 | 23.64x |
| sNII (Rs 2L to Rs 10L) | 7,11,063 | 1,03,10,724 | 14.50x |
| bNII (above Rs 10L) | 14,22,126 | 4,01,12,460 | 28.21x |
| Retail | 49,77,442 | 1,79,91,720 | 3.61x |
| Total | 99,54,886 | 13,92,90,768 | 13.99x |
What Do These Subscription Numbers Mean?
A subscription of 13.92x by shares means the IPO received bids for 14 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 24.92x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 24.92x, it reflects serious institutional conviction.
NII at 23.64x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 3.61x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Smartworks Coworking IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Share subscription: 3.61x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Share subscription: 14.50x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
BHNI (above Rs 10 lakh)
- •Share subscription: 28.21x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Smartworks Coworking IPO Allotment Status page from 15 July 2025 for your allotment result.
Smartworks Coworking IPO GMP After Subscription
GMP for Smartworks Coworking IPO stands at Rs 25.00 today, giving an estimated listing price of Rs 432.00 per share.
A subscription of 13.92x combined with a GMP of 6.14% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Smartworks Coworking IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Smartworks Coworking IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 10 Jul 2025 | 0.00x | 1.04x | 0.60x | 0.52x |
| Day 2 - 11 Jul 2025 | 0.64x | 1.86x | 1.23x | 1.20x |
| Day 3 - 14 Jul 2025 | 24.92x | 23.64x | 3.61x | 13.88x |
Smartworks Coworking IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 10 July 2025 |
| IPO Close Date | 14 July 2025 |
| Allotment Date | 15 July 2025 |
| Refund Initiation | 16 July 2025 |
| Share Credit to Demat | 16 July 2025 |
| Listing Date | 17 July 2025 |
| Minimum Investment | Rs 14,652.00 |
| Lot Size | 36 shares |
About Smartworks Coworking IPO
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 environments with modern designs and amenities such as cafeterias, sport zones, smart convenience stores, gyms, and medical centers. Smartworks focuses on mid-to-large enterprises, including Indian corporates, MNCs operating in India, and startups.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Smartworks Coworking IPO Subscription FAQs
What is Smartworks Coworking IPO IPO subscription status today?
Smartworks Coworking IPO IPO subscription closed on 14 July 2025 with overall subscription of 13.92x (by shares) as of 13 July 2026, 11:47 PM IST. QIB 24.92x, NII 23.64x, Retail 3.61x.
What is the overall subscription of Smartworks Coworking IPO IPO?
Smartworks Coworking IPO IPO is subscribed 13.92x overall by shares at close on 14 July 2025. QIB 24.92x, NII 23.64x, and Retail 3.61x.
What is Smartworks Coworking IPO IPO QIB subscription?
Smartworks Coworking IPO IPO QIB (Qualified Institutional Buyers) subscription is 24.92x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Smartworks Coworking IPO IPO Retail subscription?
Smartworks Coworking IPO IPO Retail subscription is 3.61x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Smartworks Coworking IPO IPO NII subscription?
Smartworks Coworking IPO IPO NII (Non-Institutional Investors) subscription is 23.64x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Smartworks Coworking IPO IPO for retail?
Smartworks Coworking IPO IPO retail share subscription is 3.61x. Application-wise data is needed for accurate lottery odds.
When is Smartworks Coworking IPO IPO allotment date?
Smartworks Coworking IPO IPO allotment date is 15 July 2025. Check Smartworks Coworking IPO Allotment Status on IPOwiz from that day using your PAN.
When does Smartworks Coworking IPO IPO subscription close?
Smartworks Coworking IPO IPO subscription closed on 14 July 2025. No new applications are accepted after the close.
What is Smartworks Coworking IPO IPO GMP today?
Smartworks Coworking IPO IPO GMP is ₹25 today (+6.14% over issue price ₹407). See live GMP on the Smartworks Coworking IPO GMP Today page.
What is Smartworks Coworking IPO IPO issue price and lot size?
Smartworks Coworking IPO IPO issue price is ₹407 per share. Lot size is 36 shares. Minimum investment is ₹14,652 per lot. Issue size: ₹582.56 Cr.
When is Smartworks Coworking IPO IPO listing date?
Smartworks Coworking IPO IPO listing date is 17 July 2025 on NSE and BSE. Allotment is on 15 July 2025.
How does subscription affect Smartworks Coworking IPO IPO allotment?
Allotment odds in Smartworks Coworking IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 13.92x overall, competition is high.
For allotment results from 15 July 2025, visit the Smartworks Coworking IPO Allotment Status page. For listing day updates on 17 July 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.