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 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

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
  • To repay, prepay, or redeem a portion or the entire amount of certain loans or borrowings taken by the company

  • To fund capital expenditures related to interior fit-outs and security deposits for newly established centers

  • 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

Check Grey market premium at below 

(GMP)

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