Smartworks Coworking Spaces Ltd. IPO (Smartworks IPO) Details
08 July 2025 · Sachin
Complete Guide to Smartworks Coworking Spaces Ltd. IPO: Should You Invest?
Smartworks Coworking Spaces IPO GMP
Smartworks Coworking Spaces IPO GMP and Allotment Latest Update
As of July 15, 2025, the Smartworks Coworking Spaces IPO allotment is finalised and the IPO continues to attract investor interest with a robust grey market premium (GMP) today. With a subscription status of 13.45 times oversubscribed, the IPO has shown strong demand in the market. Investors can check the Smartworks IPO allotment status today by visiting the registrar MUFG Intime India Private Limited (Link Intime) website or through the BSE and NSE portals. If your bid is successful, shares will be credited to your demat account by July 16, 2025, while refunds for non-allottees will start on the same day. The expected Smartworks Coworking Spaces IPO listing date is July 17, 2025 on both NSE and BSE. Checking the Smartworks Coworking Spaces IPO GMP today helps investors track the latest market premium and estimate listing gains more accurately.
At Ultra, our mission is to help investors like you make informed decisions by providing clear, updated insights on India’s top IPOs and new investment opportunities. The Smartworks Coworking Spaces Ltd. IPO is one of the much-awaited listings this year. Let’s break down everything you need to know about its GMP, price, dates, lot size, subscription structure, and financial outlook.
Founded in 2015, Smartworks Coworking Spaces Ltd. is India’s leading managed office solutions company. They provide fully serviced, tech-enabled, modern coworking campuses customized for enterprises — ranging from Indian corporates to MNCs and growing startups.
Key Facts:
Clients: Over 728 clients with 169,541 seats as of March 31, 2025
Major Campuses: Operates four of India’s five largest leased coworking centers
Flagship Location: Vaishnavi Tech Park in Bengaluru (0.7 million sq ft)
Employees: 794 full-time staff managing operations and client servicing
Business Model Highlights:
Enterprise-Focused: Smartworks specializes in leasing large campuses, transforming them into smart offices with modern amenities like cafeterias, gyms, crèches, and wellness centers.
Partnership Network: Works with landlords and service partners to deliver an end-to-end managed space ecosystem.
Tech-Enabled: Smartworks integrates technology to enhance workspace management and employee productivity.
Smartworks Coworking Spaces Ltd. IPO Details
| Details | Information |
|---|---|
| IPO Open Date | July 10, 2025 |
| IPO Close Date | July 14, 2025 |
| Allotment Finalisation | July 15, 2025 |
| Listing Date | July 17, 2025 |
| IPO Issue Size | ₹582.56 crore |
| Fresh Issue | ₹445 crore (1.09 crore shares) |
| Offer For Sale | ₹137.56 crore (0.34 crore shares) |
| Face Value | ₹10 per share |
| Price Band | ₹387 to ₹407 per share |
| Lot Size | 36 shares |
| Minimum Investment (Retail) | ₹14,652 |
| Listing At | BSE, NSE |
| Employee Discount | ₹37 per share |
Smartworks IPO Reservation & Lot Size
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | 71,10,632 |
| NII (Non-Institutional Investors) | 21,33,189 (14.89%) |
| Retail Investors | 49,77,442 (34.75%) |
| Employee Quota | 1,01,351 (0.71%) |
| Total Shares Offered | 1,43,22,614 |
Smartworks Coworking Spaces IPO GMP (Grey Market Premium)
Smartworks Coworking IPO GMP today: The Grey Market Premium (GMP) is a key indicator for IPO investors. GMP trends show investor demand before official listing. Check Ultra’s blog updates daily for live GMP numbers, subscription trends, and listing predictions.
Smartworks Coworking Spaces Ltd. Financials
| Particulars | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Revenue (₹ Cr) | 1,409.67 | 1,113.11 | 744.07 |
| Profit After Tax (₹ Cr) | -63.18 | -49.96 | -101.05 |
| EBITDA (₹ Cr) | 857.26 | 659.67 | 424.00 |
| Net Worth (₹ Cr) | 107.51 | 50.01 | 31.47 |
| Total Borrowing (₹ Cr) | 397.77 | 427.35 | 515.39 |
Competitive Strengths
Market Leadership: Smartworks is among India’s largest managed office providers.
Scale & Presence: Operates high-occupancy, large-scale campuses across top Indian metros.
Enterprise Focus: Majority of revenue comes from large enterprise clients — driving stable cash flow.
Tech Infrastructure: Leverages digital platforms for better space utilization and employee engagement.
Strong Partner Network: Adds value through strategic partnerships with service providers and landlords.
Growth Potential: Rising demand for flexible, tech-enabled workspaces in India supports long-term expansion.
Should You Invest in Smartworks Coworking Spaces Ltd. IPO?
Smartworks is a leading player in India’s managed coworking market, a sector expected to grow as hybrid work trends become mainstream. However, the company is yet to turn profitable and carries significant borrowings to fund its scale.
If you’re considering subscribing, keep an eye on:
Smartworks Coworking IPO GMP today for investor sentiment
Subscription levels during the IPO window
Long-term market outlook for flexible workspace solutions
At Ultra, we always encourage informed investing. Compare Smartworks with other upcoming IPOs and align it with your risk appetite.
FAQs on Smartworks Coworking Spaces Ltd. IPO
1. What is the Smartworks Coworking IPO GMP today?
The live GMP (Grey Market Premium) will change daily. Visit Ultra’s IPO section for updated GMP.
2. What is the Smartworks Coworking Spaces Ltd. IPO price?
The price band is ₹387 to ₹407 per share, with a special ₹37 discount for employees.
3. What are Smartworks Coworking IPO subscription dates?
The IPO opens on July 10, 2025, and closes on July 14, 2025.
4. What is the Smartworks IPO listing date?
Tentatively, the shares will list on BSE and NSE on July 17, 2025.
5. Should I invest in Smartworks Coworking IPO?
Review the company’s growth, financials, and GMP trends. If you believe in India’s coworking story and your risk appetite allows, you may consider applying.
Final Thoughts
The Smartworks IPO is a unique bet on India’s future workspace solutions. Keep checking Ultra for updated GMPs, allotment status, and listing news. Diversify your investments wisely and grow your wealth with confidence.
Want to learn about other smart investment options beyond IPOs? Explore Ultra’s curated offerings here.