The Smartworks Coworking Spaces Limited IPO is opening on 10 July 2025 and will close on 14 July 2025. This is a mainboard IPO raising ₹582.56 crore from a mix of fresh issue of 1.09 crore equity shares amounting to ₹445 crore and offer for sale (OFS) of 34 lakh equity shares amounting to ₹137.56 crore.
The Smartworks Coworking Spaces IPO allotment date will be decided on Tuesday, 15 July 2025. Smartworks Coworking Spaces shares will be tentatively listed on BSE and NSE on Thursday,17 July 2025.
The Smartworks Coworking Spaces price band has been between ₹387 and ₹407 per share. The lot size decided for the IPO is 36 shares, which makes the minimum investment for retail investors stand at ₹13932. For sNII, it is 14 lots amounting to ₹205128, and for bNII, it is 69 lots amounting to ₹ 1010988.
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Smartworks Coworking Spaces BSE NSE IPO Details
| Detail | Information |
| IPO Opening Date | July 10, 2025 |
| IPO Closing Date | July 14, 2025 |
| Tentative IPO Listing Date | July 17, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹387 to ₹407 per share |
| Lot Size | 36 shares |
| Total Issue Size | 14313400 Shares (₹582.56 Cr.) |
| Fresh Issue | 10933660 Shares (₹445 Cr.) |
| OFS | 3379740 Shares (₹137.56 Cr.) |
| IPO Segment | Book Building Issue |
| Listing At | BSE & NSE |
| Shareholding Pre-Issue | 103189582 shares |
| Shareholding post-issue | 114123252 shares |
Smartworks Coworking Spaces Limited | Company Overview
Smartworks Coworking Spaces Limited was incorporated in 2015. It offers customized co-working spaces which are tech-enabled, aesthetically designed, have all the amenities of today’s world, and are well serviced.
It serves the companies that are mid-scale or large-scale, which include –
- MNCs
- Startups
- Indian corporates
The amenities and facilities include –
- Cafeterias
- Creches
- Gyms
- Medical shops and centers
- More such facilities for the well-being of the employees.
As of 31 March 2025, Smartworks had served 738 clients across the country, and the total seat count has been 152619. There are 12044 seats yet to be occupied out of its current capacity of 169541 seats, and the current clients that it is servicing are 728.
Apart from co-working spaces, it also deals with non-institutional landlords to modify their properties to make fully serviced Smartworks campuses. It offers the landlords assurance of rents every month during the contract period, so this model works fine for both parties.
Smartworks Coworking Spaces Limited IPO | Key Details
- Smartworks Coworking Spaces IPO Opening Date: July 10, 2025,
- Smartworks Coworking Spaces IPO Closing Date: July 14, 2025.
- Allotment Date: July 15, 2025
- Price Band: ₹387 to ₹407 per share
- Lot Size: 36 shares
- Refunds Initiated: July 16, 2025
- Shares Credited to Demat: July 16, 2025
- Listing Date: July 17, 2025
Smartworks Coworking Spaces Ltd: Financial Overview
Smartworks Coworking Spaces Limited’s profits surged by 26.5%, from a 26.67% jump in revenue during FY25.
Here is a snapshot of the financials –
Amounts in ₹ Crore
| Financial Information | 31-Mar-25 | 31-Mar-24 | Change | Change (%) |
| Assets | 4,650.85 | 4,147.08 | 503.77 | 12.14758336 |
| Revenue | 1,409.67 | 1,113.11 | 296.56 | 26.6424702 |
| Profit After Tax | -63.18 | -49.96 | -13.22 | 26.46116894 |
| EBITDA | 857.26 | 659.67 | 197.59 | 29.95285522 |
| Net Worth | 107.51 | 50.01 | 57.5 | 114.9770046 |
| Reserves and Surplus | 4.69 | 29.01 | -24.32 | -83.833161 |
| Total Borrowing | 397.77 | 427.35 | -29.58 | -6.92172692 |
Smartworks Coworking Spaces Ltd IPO | FAQs
Smartworks Coworking Spaces Ltd offers co-working spaces to corporates, MNCs, and modifies properties with all required amenities and facilities.
The tentative IPO listing date of Smartworks Coworking Spaces has been fixed as Thursday, 17 July 2025.
The bidding date for the Smartworks Coworking Spaces IPO is July 10, 2025, and it will continue until July 14, 2025.
The minimum IPO lot size for Smartworks Coworking Spaces is 36 shares. For sNII, it is 14 lots, and for bNII, it is 69 lots.
The IPO allotment is expected to be finalized on Tuesday, July 14, 2025.
The IPO face value is set at ₹10 per share.
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