Sign In
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
New Delhi: The shares of Smartworks Coworking Spaces Ltd made market debut on Thursday, 17th July 2025. The stock got listed with a premium of over 7 per cent against the issue price of Rs 407.
On BSE, the counter listed with 7.14 per cent gains at Rs 436.10 from the issue price. Later, it jumped 15.23 per cent to Rs 469. At the NSE, the scrip started trading with an upside of 6.87 per cent at Rs 435.
In the morning trade, Smartworks Coworking Spaces’ market valuation was recorded at Rs 5,241.48 crore during the morning trade. The company had launched a Rs 583-crore initial public offer. The IPO received 13.45 times subscription on the closing day of bidding on July 14, 2025.
The NSE data mentioned that the IPO fetched bids for 13,99,08,852 shares as against 1,04,01,828 shares on offer. The Qualified Institutional Buyers (QIBs) portion received 24.41 times subscription, Non-Institutional Investors part received 22.78 times subscription and Retail Individual Investors (RIIs) recorded 3.53 times subscription.
Smartworks Coworking Spaces had informed that Rs 226 crore from the total proceeds will be used for capital expenditure related to the fit-outs in new centres and security deposits for these new centres. The company will utilise Rs 114 crore for payment of loans, and the remaining funds will be used for general corporate purposes.
The book-running lead managers to the IPO were: BOB Capital Markets Ltd, IIFL Capital Services Ltd and JM Financial Ltd.
Gurugram-based Smartworks came into existence in 2015. It is engaged in the business of managing flexible office space. It has 48 operational co-working centres with over 1.9 lakh seating capacities.
Its business includes providing workspace solutions, offering fully serviced, tech-enabled office environments with aesthetic designs and essential amenities to meet the specific needs of enterprises and their employees.
The company provides workspace solutions to mid-to-large enterprises, including Indian corporates, MNCs, and startups, offering modern campuses with design, technology, and amenities like cafeterias, gyms, crèches, and medical centers for employee well-being.
