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IPO Analysis > smartworks-coworking-ipo-mainboard

 

Smartworks Coworking Spaces IPO Highlights Investors Should Know

India has around 883 million square feet of commercial office space in 2025. This number might grow at 6.7% each year and will reach 1,072 million square feet by the end of 2027.

The Smartworks Coworking Spaces IPO lead manager is BOB Capital Markets, IIFL Services, JM Financial, and Kotak Mahindra while the registrar of this IPO is MUFG Intime India.  

Check the Smartworks Coworking Spaces Limited DRHP and RHP for more details.

Note: The lock-in period for 50% of Smartworks Coworking Spaces Ltd IPO concludes 30 days post-allocation, whereas the remaining portion is released from lock-in after 90 days.

Smartworks Coworking Spaces IPO Details: Company Profile

This section provides an overview of Smartworks Coworking Spaces background, business operations, key products, and year of establishment. 


Particulars

Details

Established 

2017

Registered Office 

South Delhi, India 

Promoter 

Neetish Sarda, Saumya Binan, and Harsh Binani

Footprint 

10.08 Mn Square Feet

Total Centres in India

54

Amenities

Gaming Zone, Pantry Cafe on all Floors, and Meeting Rooms

Clients

Bridgestone, Google IT Services, and L&T Technology 


Exploring the Smartworks Coworking Spaces IPO Details

Before investing in Smartworks Coworking Spaces, take a moment to check the IPO date, price, past track record, and key financial details.

  • Smartworks Coworking Spaces IPO Date

Review the Smartworks Coworking Spaces Limited IPO dates and timeline and how they match up with what's happening in the stock market now.


Event Description

Date

Subscription begins

10 Jul 2025

Last day to apply

14 Jul 2025

Deadline to approve UPI mandate

14 Jul 2025 (5 PM)

Date of allotment confirmation

15 Jul 2025

Start of refund process

16 Jul 2025

Shares deposited to Demat accounts

16 Jul 2025

Expected listing on stock exchange

17 Jul 2025

Final date for UPI mandate validity

29 Jul 2025

Anchor investors' 50% lock-in period ends

14 Aug 2025

Lock-in conclusion for remaining anchor investor shares

13 October 2025



  • Smartworks Coworking Spaces Limited IPO size

With this IPO, Smartworks Coworking Spaces targets a strong financial push to scale operations and strengthen its market position.


Particulars

Number of Equity Shares

Aggregate Value

Fresh Issue 

Not Disclosed

₹450 crores

Offer for Sale

3,379,740

₹137.56 crores

Overall Issue 

Not Disclosed 

₹582.56 crores


  • Objectives of the offer 


Here are the key objectives for raising funds through Smartworks Coworking Spaces IPO. 


Purpose of Funds Utilisation

Estimated Amount (₹ in million)

Clearing or reducing existing borrowings taken by the company

1,140.00

Investment in interior setup and security deposits for upcoming centres

2,258.40

Miscellaneous corporate expenses

Not Disclosed 


  • Other takeaways from the Smartworks Coworking Spaces Share Price

Here’s a simple breakdown of the Smartworks Coworking Spaces IPO Price and what it could signal for investors.


Particulars

Description

Face value of each share

₹10

Price Range

₹387 - ₹407

Listed At 

NSE BSE


  • Categorisation of different investors  

Here’s a glance at how the Smartworks Coworking Spaces IPO July 2025 shares were allotted across different investors.


Category

Number of Shares Available for Allocation

Minimum Bid

Maximum Bid

QIBs

Not Disclosed 

The bid amount is more than ₹0.20 million

Not Disclosed 

NIIs

Equity shares after deduction of allocation to QIBs and Retail Investors

The bid amount is more than ₹0.20 million

Not exceeding Net Offer size (excluding QIB category)

RIIs

Adjusted after allocation to QIBs and NIIs

Not Disclosed 

The total bid amount does not go beyond ₹0.20 million

Eligible Employees

₹37.50 million

Not Disclosed 

The employee’s total bid stays within ₹0.50 million, minus any applicable discount



Get your demat account ready in advance to jump in when new IPOs hit the market.

Smartworks Coworking Spaces IPO details: Key Financials

Smartworks Coworking Spaces figures offer insight into its progress. Know how Smartworks Coworking Spaces is balancing income and expenses.


Particulars

March 31, 2025 (₹ in million)

March 31, 2024 (₹ in million)

March 31, 2023 (₹ in million)

Equity Share Capital 

1,031.90

790.13

776.91

Net Worth

1,075.13

500.07

314.66

Revenue from Operations 

13,740.56

10,393.64

7,113.92

Restated Loss for the Year 

- 631.79

- 499.57

- 1,010.46

Basic Earnings 

- 6.18

- 5.18

- 10.57

Diluted Earnings 

- 6.18

- 5.18

- 10.57

Net Asset Value 

10.55

5.19

3.29

Total Borrowings 

3,977.70

4,273.50

5,153.89

Metrics of Smartworks Coworking Spaces IPO 


Particulars

2025

2024

2023

Revenue from Operation Growth

32.20%

46.10%

NA

Total Income

14,096.69

11,131.10

7,440.70

Total Income Growth

26.64%

49.60%

NA

EBITDA

8,572.64

6,596.70

4,239.98

EBITDA Margin

62.39%

63.47%

59.60%


Strengths and risks

See what’s working well for the Smartworks Coworking Spaces and what to watch out for before applying.


Strengths


  • Strong leadership team with solid experience

  • Spends smart and manages finances well

  • Risk plans in place to keep business steady

  • Known for getting things done without overspending


Risks

  • Depends heavily on rentals in top metro cities

  • Most workspaces are leased, not owned

  • Legal cases are still ongoing and might affect operations

  • Getting new clients on time is important to pay rents

IPO Closing Soon: Is Smartworks Coworking Spaces IPO Worth the Rush?

Smartworks Coworking Spaces IPO GMP was ₹28 on 9 July 2025. Knowing the allotment status and listing date can help you plan better. Apply now!

FAQs

1. What is the Smartworks Coworking Spaces IPO date?


The Smartworks Coworking Spaces IPO date is scheduled to open on July 10 2025 and will close on July 14 2025. Investors can apply within this window through their brokers or online platforms.

2. What is the Smartworks Coworking Spaces IPO price range?


The Smartworks Coworking Spaces IPO price has been set between ₹387 to ₹407 per equity share. The final price will be determined as per investor demands.

3. What is the GMP of Smartworks Coworking IPO?


The GMP of Smartworks Coworking IPO is currently around ₹28 in the grey market. Please note, GMPs change frequently and may not reflect actual listing gains or investor sentiment at the time of listing.

4. How can I open a demat account to invest in IPOs like Smartworks Coworking Spaces?


To invest in IPOs such as Smartworks Coworking Spaces IPO, you need to open a Demat account with a SEBI-registered broker. This allows you to apply online via UPI and hold allotted shares securely.

5. What is the expert Smartworks Coworking Spaces IPO review?

Initial Smartworks Coworking Spaces IPO review highlights strong revenue growth, competitive risks, and sector outlook. Investors are advised to review financials and company objectives before applying.