Smartworks Coworking Spaces came to market through an IPO that opened on 10 July 2025 and closed on 14 July 2025, and the shares listed on 17 July 2025 on BSE, NSE. The price band was ₹387 to ₹407 per share and one lot was 36 shares, so the minimum application was ₹14,652. The issue size was ₹582.56 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Private Limited (Link Intime) was the registrar to the issue, and Jm Financial Limited, Bob Capital Markets Limited, IIFL Capital Services Limited, Kotak Mahindra Capital Company Limited were the lead managers.
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Incorporated in 2015, Smartworks Coworking Spaces Limited is involved in the activity of bespoke managed workspace solutions, providing fully serviced, technology-enabled office spaces with design-driven aesthetics and core amenities to suit the particular requirements of businesses and their teams.
As of March 31, 2024, the company manages 8 million square feet of leased area, providing value-based pricing and premium office experiences, reimagining buildings as fully serviced Smartworks branded campuses.The company caters to mid-to-large companies, such as Indian corporates, MNCs, and startups, providing contemporary campuses with design, technology, and facilities such as cafeterias, gyms, crèches, and medical centers to enhance the well-being of employees. As of March 31, 2024, the company had 603 customers with 130,047 seats.
Presently, it has 618 customers and 149,660 seats, with 8,691 seats to be filled.Through March 31, 2024, the company owns four of India's five largest leased centers, including the 0.7 million square feet Vaishnavi Tech Park in Bengaluru, which is larger than other campuses. As of March 31, 2024, we have 651 permanent staff.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Anchor investors invested Rs 174 crore worth shares. Tata Mutual Fund, Axis New Opportunities AIF, Aditya Birla Sun Life Insurance Company, Baroda BNP Paribas Mutual Fund, Sageone, SBI General Insurance Company, Trust Mutual Fund, BNP Paribas, and Societe Generale are among 12 institutional investors participated through the anchor book.
Neetish Sarda, Harsh Binani, Saumya Binani, NS Niketan LLP, SNS Infrareality LLP, Aryadeep Realstates Private Limited. Promoter holding 65.19% before the issue and 58.25% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Smartworks Coworking Spaces IPO was a ₹582.56 crore book-built issue, comprising a fresh issue of ₹445 crore and an offer for sale of ₹147.56 crore. It was priced at ₹387–₹407 per share with a lot size of 36 shares (₹14,652). The IPO was open from July 10 to July 14, 2025. Shares listed on BSE and NSE on July 17, 2025 at ₹435, a 6.9% premium to the issue price of ₹407.
MUFG Intime India Private Limited (Link Intime) is the registrar. Jm Financial Limited and 3 other book running lead managers manage the issue.
The price band of Smartworks Coworking Spaces IPO is ₹387 to ₹407 per share.
The lot size of Smartworks Coworking Spaces IPO is 36 shares.
The minimum investment for Smartworks Coworking Spaces IPO is approximately ₹14,652 based on the upper price band.
The allotment date of Smartworks Coworking Spaces IPO is Jul 15, 2025.
No GMP quote could be verified as recorded before Smartworks Coworking Spaces IPO listed. A grey-market observation of ₹24 per share was recorded on 17 Jul 2025, 6:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹435. GMP is unofficial and does not forecast or guarantee the actual listing price.
Smartworks Coworking Spaces IPO listed on Jul 17, 2025. It was issued at ₹435.0(NSE) and is currently around ₹485.00 as on 3-Nov-2026 3:30 PM, which is approximately 19.2% versus issue price. The 52-week high is ₹619.00.
You can check Smartworks Coworking Spaces IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Smartworks Coworking Spaces IPO allotment status on Rupix for quick and easy access.
₹387 to ₹407 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 36 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,652.
₹14,652, for one lot of 36 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 10 July 2025 and closed on 14 July 2025.
The basis of allotment was published on 15 July 2025 by MUFG Intime India Private Limited (Link Intime), and allotted shares were credited to demat accounts before listing.
The shares listed on 17 July 2025 on BSE, NSE.
The issue size was ₹582.56 crore. The fresh issue was 1,09,33,660 shares (aggregating up to ₹445 crore). The offer for sale was 33,79,740 shares (aggregating up to ₹147.56 crore).