The IPO, which ran from July 10 to July 14, comprised a fresh issue worth Rs 445 crore and an offer for sale (OFS) of Rs 137.56 crore. The company priced its shares in the range of Rs 387 to Rs 407 apiece. Despite cautious market conditions, the issue saw solid interest, getting subscribed 13.92 times overall.
Institutional demand led the momentum, with the QIB portion booked 24.92 times, while high-net-worth individuals (HNIs) subscribed 23.68 times. Retail investor interest came in at 3.69 times and the employee quota at 2.51 times. The company also mobilized Rs 173.64 crore from anchor investors ahead of the issue.
Where to check allotment status
Investors can verify their allotment status via:
Link Intime website (https://linkintime.co.in/initial_offer/public-issues.html)Select ‘Smartworks Coworking Spaces’ from the dropdownEnter PAN, Application Number, or DP/Client IDClick ‘Search’BSE website (https://www.bseindia.com/investors/appli_check.aspx)
Choose ‘Equity’ under issue typeSelect ‘Smartworks Coworking’ from dropdownEnter PAN and application number
GMP and listing details
According to sources in the grey market, the GMP stands at Rs 16, implying a modest listing premium of around 4% over the upper price band. The company is scheduled to debut on the BSE and NSE on July 17.
Refunds will be initiated on July 16, and shares will be credited to demat accounts the same day.
About the company
Founded in 2015, Smartworks offers customized managed office spaces to large and mid-sized enterprises. It operates across 14 cities, serving over 728 clients with nearly 1.7 lakh seats.
Despite net losses, the firm posted EBITDA of Rs 857 crore in FY25, with analysts pointing to operational efficiency and strong client retention as positives.
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