Smartworks Coworking IPO Date, Price, Details
Smartworks Coworking is set to launch its IPO on July 10, 2025, with the subscription window closing on July 14, 2025. This is a Book Built Issue, with the company planning to raise approximately ₹582.56 crores. The IPO includes a fresh issue worth ₹445 crores, along with an offer for sale (OFS) of up to 3,379,740 equity shares, each having a face value of ₹10.
The price band for the IPO is set between ₹387 to ₹407 per share. The allocation is divided as follows: 75% for Qualified Institutional Buyers (QIBs), 15% for High Net-worth Individuals (HNIs), and 10% reserved for retail investors. The shares are scheduled to be listed on BSE and NSE on July 17, 2025, with allotment expected by July 15, 2025.
On the financial front, the company posted a revenue of ₹1,409.67 crores in FY25, up from ₹1,113.11 crores in FY24. However, it reported a net loss of ₹63.18 crores in FY25, compared to a loss of ₹49.96 crores in FY24.
Smartworks Coworking IPO Market Lot Size
The Smartworks Coworking IPO minimum market lot is 36 shares with ₹14,652 application amount. The retail investors can apply up-to 13 lots with 468 shares of ₹1,90,476 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 36 | ₹14,652 |
| Retail Maximum | 13 | 468 | ₹1,90,476 |
| S-HNI Minimum | 14 | 504 | ₹2,05,128 |
| B-HNI Minimum | 69 | 2,484 | ₹10,10,988 |
Smartworks Coworking IPO Details
| IPO Open Date: | July 10, 2025 |
| IPO Close Date: | July 14, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹387 to ₹407 Per Share |
| Issue Size: | Approx ₹582.56 Crores |
| Fresh Issue: | Approx ₹445 Crores |
| Offer for Sale: | Approx 3,379,740 Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
Smartworks Coworking IPO Valuation – FY2025 (KPI)
Check Smartworks Coworking IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | 42.30% |
| EBITDA Margin: | 62.39% |
| PAT Margin: | -% |
| Debt to equity ratio: | 2.90 |
| Earning Per Share (EPS): | ₹(6.18) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | (58.76)% |
| Net Asset Value (NAV): | ₹10.55 |
Smartworks Coworking IPO Company Financial Report
The company recorded a revenue of ₹1,409.67 crores in FY2025, showing growth from ₹1,113.11 crores in FY2024. Despite the rise in revenue, the company reported a net loss of ₹63.18 crores in FY2025, compared to a loss of ₹49.96 crores in FY2024.
(Amount ₹ in Crores)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹744.07 | ₹880.30 | ₹101.05 | ₹4,473.50 |
| 2024 | ₹1,113.11 | ₹1180.73 | ₹49.96 | ₹4,147.08 |
| 2025 | ₹1,409.67 | ₹1489.13 | ₹63.18 | ₹4,650.85 |
Smartworks Coworking IPO Dates
The Smartworks Coworking IPO date is July 10 and the close date is July 14. The Smartworks Coworking IPO allotment will be finalized on July 15 and the IPO listing on July 17
| IPO Open Date: | July 10, 2025 |
| IPO Close Date: | July 14, 2025 |
| Basis of Allotment: | July 15, 2025 |
| Refunds: | July 16, 2025 |
| Credit to Demat Account: | July 16, 2025 |
| IPO Listing Date: | July 17, 2025 |
Promoters of Smartworks Coworking IPO
The promoters of the company are Neetish Sarda, Harsh Binani, Saumya Binani, NS Niketan LLP, SNS Infrareality LLP and Aryadeep Realstates Private Limited.
About Smartworks Coworking IPO
Smartworks Coworking Limited stands out as a prominent player in delivering office space solutions and operating a managed campus platform. According to the DRHP and the CBRE Report, as of March 31, 2024, the company holds a leading position among its peers in terms of total space under management.
Catering primarily to mid-sized and large enterprises, Smartworks has built a strong and expanding client base that includes Indian corporates, multinational companies (MNCs), and startups operating in the country.
Their managed campus platform spans a total super built-up area of 8 million square feet, distributed across 41 centers in 13 cities such as Bengaluru, Pune, Hyderabad, Gurugram, Mumbai, Noida, and Chennai.
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Awfis Space Solutions Limited | 9.75 | 63.18 | 14.78 | 65.97 | 1,207.54 Cr. |
Objects of the IPO
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To repay, prepay, or redeem a portion or the entire amount of certain loans or borrowings taken by the company
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To fund capital expenditures related to interior fit-outs and security deposits for newly established centers
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To meet general corporate requirements
Merchant Bankers
- JM Financial Limited
- BOB Capital Markets Limited
- IIFL Securities Limited
- Kotak Mahindra Capital Company Limited
Company Address
Smartworks Coworking Spaces Limited
Unit No. 305-310,
Plot No 9, 10 and 11, Vardhman Trade Centre,
Nehru Place, South Delhi,
Delhi, New Delhi, 110019
Phone: +91 83840 62876
Email: [email protected]
Website: https://www.smartworksoffice.com/home/
Smartworks Coworking IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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