Smartworks Coworking IPO Day 1: Check GMP Today, Subscription Status & Key Highlights
Founded in 2015, Smartworks Coworking Spaces Ltd is the largest provider of managed office spaces in India. The company launched its IPO today, on July 10, 2025 for public subscription. The bidding window for the Smartworks Coworking IPO is open till July 14, 2025.
The allotment process is expected to be finalised on July 15, 2025, and the company's shares are tentatively set to be listed on both the BSE and NSE on Wednesday, July 17, 2025.
Smartworks Coworking IPO Details
Smartworks Coworking IPO will be a bookbuilding of ₹582.56 crores. The issue is a 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. Investors can apply with a minimum lot size of 36, requiring a minimum investment of ₹13,932. The issue price band is set at ₹387–₹407 per share.
JM Financial Limited, BOB Capital Markets Limited, IIFL Capital Services Limited, Kotak Mahindra Capital Company Limited are the book running lead managers of the Smartworks Coworking IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.
Smartworks Coworking Day 1 Subscription Status
(July 10, 2025, 10:15 AM)
On Day 1, Smartworks Coworking IPO was subscribed 0.04 times. The public issue saw a subscription of 0.05 times in the retail category, 0.00 times in QIB, and 0.05 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 ₹32 as of July 10, 2025, 08:46 a.m. If the current GMP trend continues, the company's shares are likely to be listed at ₹439, indicating an 7.8% gain when the company gets listed.
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Source: Business Standard Media Report dated July 10, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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.
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