Smartworks Coworking Spaces Limited IPO

Smartworks Coworking Spaces Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹387 - ₹407

Total Issue

₹582.56 Cr

Bid Dates

10 Jul - 14 Jul

Subscription

13.45x

Est. GMP

₹21 (5.16%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Smartworks Coworking Spaces Limited is the largest managed campus operator among benchmarked peers, with a lease-signed portfolio of 8 million sq. ft. and managing 8.99 million sq. ft. as of March 31, 2025. It transforms bare-shell properties in prime locations into fully serviced, tech-enabled campuses with modern designs and amenities like cafeterias, gyms, crèches, and medical centres. Focused on mid-to-large enterprises (300+ seats), the platform delivers a premium office experience tailored to teams ranging from under 50 to over 6,300 seats.

Lot Info

Lot Information for Smartworks Coworking Spaces IPO
Category 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

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹ 3.75 Cr
Shareholder
₹0.00

Issue Size

Total ₹582.56 Cr
Fresh Issue
₹445.00 Cr (1.09 Cr Shares)
Offer For Sale
₹137.56 Cr (0.34 Cr Shares)

Objects of Issue

  1. Repayment in full or in part, of certain borrowings availed by our Company
  2. Capex for fit-outs in the New Centres and for security deposits of the New Centres
  3. General corporate purposes.

Grey Market Premium

GMP ₹21
Est. Price ₹428
Est. Gain 5.16%

Smartworks Coworking Spaces IPO Peer Comparison

(Rs. in crores)

Smartworks Coworking Spaces IPO Peer Comparison Table
Particulars Smartworks Coworking Spaces Awfis Space Solutions
Revenue from Ops (in Crs.) 1,374.06 1,207.54
PAT (In Crs.) -63.18 67.87
EPS - Basic -6.18 9.75
NAV per share 10.55 65.97
RONW -58.76% 14.78%
EBITDA 62.39% 33.30%
PAT Margin -4.48% 5.60%
Price to earning (PE) NA 63.18
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 3, 2024 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Smartworks Coworking Spaces IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 1,374.06 1,039.36 711.39
Profit after Tax -63.18 -49.96 -101.05
Net Worth 107.51 50.01 31.47
Total Borrowing 397.77 427.35 515.39
Total Assets 4,650.85 4,147.08 4,473.50
NAV per share (in ₹) 10.55 5.19 3.29
EPS - Basic (in ₹) -6.18 -5.18 -10.57

KPIs

EBITDA

62.39%

PAT

-4.48%

RONW

-58.76%

ROCE

42.30%

PE Ratio

NA

PB Ratio

38.58

Mkt Cap (in Crs.)

4,644.82

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

65.15%

Public

34.85%

N S Niketan LLP 41.48%
S NS Infrarealty LLP 23.67%

Management

Atul Gautam Chairman
Neetish Sarda MD
Sahil Jain CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Subscription Status

Updated as on 14-Jul-2025 19:00:00

Mainboard Subscription Status for Smartworks Coworking Spaces IPO
Category Sub (x) Offered Bids
QIB 24.92 28,44,254 7,08,75,864
NII 23.68 21,33,190 5,05,06,848
bHNI 28.21 14,22,126 4,01,12,460
sHNI 14.62 7,11,063 1,03,94,388
Retail 3.67 49,77,442 1,82,71,764
Employee 2.51 1,01,351 2,54,844
Total 13.91 1,00,56,236 13,99,09,320

Frequently Asked Questions

What is Smartworks Coworking Spaces IPO?
Smartworks Coworking Spaces IPO is a Mainboard IPO having an issue size of ₹582.56 Crs. Smartworks Coworking Spaces IPO is priced at ₹387 - ₹407 per share. The issue opens on 10 Jul 25 and closes on 14 Jul 25.
When will Smartworks Coworking Spaces IPO open?
Smartworks Coworking Spaces IPO opens on 10 Jul 25 and closes on 14 Jul 25.
What is the GMP of Smartworks Coworking Spaces IPO?
The estimated Grey Market Premium of Smartworks Coworking Spaces IPO is ₹21 per share (5.16%).
What is the lot size of Smartworks Coworking Spaces IPO?
The minimum lot size of Smartworks Coworking Spaces IPO is 36 shares & the minimum application amount is Rs. 14652.
When is the allotment of Smartworks Coworking Spaces IPO?
The allotment date of Smartworks Coworking Spaces IPO is 15 Jul 25.
What is the listing date of Smartworks Coworking Spaces IPO?
The listing date of Smartworks Coworking Spaces IPO is 17 Jul 25.
What is the subscription of Smartworks Coworking Spaces IPO?
Smartworks Coworking Spaces IPO is subscribed 13.45 times.
What is the price band of Smartworks Coworking Spaces IPO?
Smartworks Coworking Spaces IPO is priced at ₹387 - ₹407 per share.
How to check allotment status of Smartworks Coworking Spaces IPO?
Click the allotment link on Smartworks Coworking Spaces IPO page of IPO360.
How to apply Smartworks Coworking Spaces IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Smartworks Coworking Spaces IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Smartworks Coworking Spaces IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Smartworks Coworking Spaces IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date