Smartworks Coworking IPO Allotment Status: Check Latest GMP Today, Steps to Verify Status

The allotment process for Smartworks Coworking IPO is expected to be finalised today on July 15, 2025. The bidding window for the IPO closed yesterday on July 14, 2025 for public subscription.

The company's shares are tentatively set to be listed on both the BSE and NSE on Wednesday, July 17, 2025. 

Know the procedure to check the allotment status on both NSE and BSE websites. Also check the latest GMP and the overall subscription status for the Smartworks Coworking IPO. 

Steps to Check Smartworks Coworking IPO Allotment Status on NSE

Here is the process to check Smartworks Coworking IPO Allotment Status on NSE:

1. Open the Application Status page of NSE here. 
2. Choose 'Equity & SME IPO bid details'. 
3. Select 'Smartworks Coworking' from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Click on the submit button to check the details of the share allotment. 

Steps to Check Smartworks Coworking IPO Allotment Status on BSE 

Here is the process to check Smartworks Coworking IPO Allotment Status on BSE 

1. Open the Application Status page of BSE here. 
2. Choose 'equity' as the issue type. 
3. Select 'Smartworks Coworking’ from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Verify the captcha by clicking on the 'I am not a Robot' box. 
6. Click on the submit button to check the details of the share allotment.

Smartworks Coworking IPO Details

Smartworks Coworking IPO is a bookbuilding of ₹582.56 crores.

Issue Type: Combination of fresh issue of 1.09 crore shares aggregating to ₹445.00 crores and offer for sale (OFS) of 0.34 crore shares aggregating to ₹137.56 crores.

Price Band: ₹387–₹407 per share.

Minimum Lot Size: 36 shares

Minimum Investment Amount: ₹13,932.

Book Running Lead Managers: JM Financial Limited, BOB Capital Markets Limited, IIFL Capital Services Limited, Kotak Mahindra Capital Company Limited 

Registrar: MUFG Intime India Private Limited (Link Intime)

Smartworks Coworking Day 3 Subscription Status

(July 14, 2025, 5 PM)

On Day 3, Smartworks Coworking IPO was subscribed 13.92 times. The public issue was subscribed 3.69 times in the retail category, 24.92 times in QIB, and 23.68 times in the NII category.

Utilisation of IPO Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• Repayment / prepayment / redemption, in full or part, of certain borrowings availed by the Company.
• Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres.
• General corporate purposes.

Smartworks Coworking GMP Details

According to Business Standard, the Grey Market Premium (GMP) of Smartworks Coworking Spaces Ltd. was ₹16 as of July 15, 2025, 08:04 a.m. If the current GMP trend continues, the company's shares are likely to be listed at ₹423, indicating an 3.93% gain when the company gets listed.

Smartworks Coworking Spaces Ltd Business Overview

Smartworks Coworking Spaces Ltd, founded in 2015, is one of India’s largest managed workspace providers. Headquartered in Gurugram, the company operates 50 centres across 15 cities, covering 8.99 million sq ft, and serves around 800 enterprise clients.

The Company claims to focus on leasing large premises and transforming them into fully-serviced, tech-enabled campuses with amenities, all tailored to mid‑ and large‑sized enterprises. Financially, Smartworks has seen consistent growth in revenue from operations. It increased from ₹711 Cr in FY23 to ₹1039.36 Cr in FY24 to ₹1,374 Cr in FY25.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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