Smartworks Coworking Areas Itemizing: After receiving an amazing response from traders in the course of the preliminary public providing, Smartworks Coworking Areas listed at over 7 per cent premium on its Dalal Road debut on Thursday, July 17, towards its subject worth. On the NSE, shares opened at a 6.88 per cent premium at Rs 435 over subject worth of Rs 407, whereas on the BSE, shares listed at a 7.15 per cent premium at Rs 436.10.
Zee Enterprise Managing Editor Anil Singhvi had suggested traders to carry shares of Smartworks Coworking Areas with a strict stoploss under Rs 415.
Additionally Learn: Smartworks Coworking IPO to open on July 10: Worth band, subject measurement, key particulars
Smartworks Coworking Areas IPO: Subscription standing
Smartworks Coworking Areas IPO, which closed on July 14, obtained bids for 13.99 crore shares, leading to an general subscription of 13.45 instances towards 1.04 crore shares on provide.
The demand was led by institutional traders—Certified Institutional Patrons (QIBs) subscribed 24.41 instances, adopted by Non-Institutional Traders (NIIs) at 22.78 instances. The Retail Particular person Traders (RIIs) phase noticed a wholesome 3.53 instances subscription, whereas the worker quota was subscribed 2.38 instances, in keeping with BSE information.
Additionally Learn: Coworking house supplier WeWork will get SEBI’s approval for IPO; current traders to part-exit
Smartworks Coworking Areas IPO Particulars
The IPO was a Rs 582.56 crore book-built subject, comprising a contemporary subject of Rs 445 crore and a suggestion on the market (OFS) of Rs 137.56 crore. The bidding window remained open from July 10 to July 14, with allotment finalised on Tuesday.
The IPO was priced in a band of Rs 407 per share, with so much measurement of 36 shares, requiring a minimal funding of Rs 13,932 for retail traders. For NIIs, the minimal bid amounted to Rs 2,05,128 for small candidates (504 shares), and Rs 10,10,988 for big candidates (2,484 shares). The problem additionally included a reservation of 1,01,351 shares for workers, who obtained a Rs 37 low cost on the difficulty worth.
JM Monetary Restricted served because the book-running lead supervisor, whereas MUFG Intime India Personal Restricted (Hyperlink Intime) acted because the registrar.
Additionally Learn:Smartworks Coworking Areas IPO vs Awfis Area Options’ Shares: Which is healthier funding? Here is what analysts say
About Smartworks Coworking Areas
In operation since 2015, Smartworks Coworking Areas provides tech-enabled, absolutely serviced workplace campuses for enterprises and startups. It’s geared up with gyms, crèches, cafeterias, and medical rooms, aiming to serve the workloads of modern-day workers.
As of March 2025, Smartworks had over 1.69 lakh seats operational in varied main Indian cities. Sprawling over 0.7 million sq. ft., its Vaishnavi Tech Park in Bengaluru comes underneath the biggest leased workplace areas in India. Regardless of the lack of Rs 63.18 crore within the yr of finance 2024-25 attributable to heavy enlargement actions, the corporate showcased a development of 27% in income to the touch Rs 1,409.67 crores.
Keep forward of the curve with NextBusiness 24. Discover extra tales, subscribe to our e-newsletter, and be part of our rising neighborhood at nextbusiness24.com
