Smartworks Coworking Spaces Ltd IPO

Smartworks Coworking Spaces Ltd IPO

Realty

mainboard

Bidding period

10 Jul 2025 - 14 Jul 2025

Bid price

₹407.00 - ₹407.00

Listing on

BSE, NSE

Listing date

17 Jul 2025

Lot size

36 shares

Issue size

₹582.56 crore


Minimum investment

₹14,652.00 / 1 lot

Maximum investment

₹1,90,476.00 / 13 lot

Bidding closed on 14 Jul 2025

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Smartworks Coworking Spaces Ltd IPO dates

IPO opening date

10 Jul 2025

IPO end date

14 Jul 2025

Allotment date

15 Jul 2025

Initiation of refunds

16 Jul 2025

Credit of shares to demat

16 Jul 2025

IPO listing date

17 Jul 2025

Smartworks Coworking Spaces Ltd IPO financials

Particulars

For the period ending in March 2025 (in ₹ million)

Total assets ₹4,650.85
Total liabilities ₹4,650.85
Total expenditure ₹1,489.13
Total revenue ₹1,409.67
Profit after tax -₹63.18
EBITDA ₹892.88
Adjusted EBITDA ₹0.00

Smartworks Coworking Spaces Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 65.19 58.25
Public group 34.81 41.75

Smartworks Coworking Spaces Ltd strengths and risks

Information currently unavailable

  • Our market leadership backed by scale and steady growth.

  • Our ability to lease and transform entire / large properties across India's key office clusters into amenities rich `Smartworks' branded Campuses.

  • Our focus on acquiring Enterprise Clients with higher Seat requirements as well as emerging mid to large Enterprises and grow with them.

  • Our execution capabilities backed by cost efficiencies, effective processes and technology infrastructure.

  • Our financial acumen and strategic execution abilities make us capital efficient, resulting in saving our equity on capital expenditure and working capital.

  • Our risk mitigating strategy allows us to build a financially stable business model.

  • During Fiscal 2025, we derived 75.19% of our Rental Revenue from our Centres located in Pune, Bengaluru, Hyderabad and Mumbai. Any adverse developments affecting such locations and Centres could have an adverse effect on our business, results of operations and financial condition.

  • Our business is focused on Clients who typically require over 300 Seats across multiple Centres and cities. We may not have equal negotiating power with such Clients and it may be difficult for us to find suitable replacements upon termination of agreements with such Clients, which could adversely affect our business, cash flows, results of operation and financial performance.

  • Our success largely depends on our ability to identify the right buildings/ properties in right locations and sourcing such Centres at the right rate of rental and other commercial terms. Any failure to do so will adversely affect our business, cash flows, results of operations and profitability.

  • Our Company and certain of our Subsidiaries have incurred losses and we have experienced negative cash flows in the past. We cannot assure you that we will achieve or sustain profitability and not continue to incur losses going forward.

  • Our Landlords may not renew leases of existing Centres with us or renegotiate terms of our leases which could adversely affect our business, cash flows, results of operation and financial performance.

  • We have entered into long-term fixed cost lease agreements with our Landlords, for super built-up area of 8.99 million square feet across 50 Centres across 15 cities, as of March 31, 2025. If we are unable to pay the lease rentals to our Landlords on account of failure to source Clients for workspaces within our Centres, our business, results of operations, cash flows and profitability may be adversely impacted.

  • We may not be able to continue to retain existing Clients, our existing Clients may prematurely terminate their agreements with us and we may not be able to attract new Clients in sufficient numbers, which could adversely affect our business, results of operations, cash flows and financial condition.

  • Our revenue from operations have grown at a CAGR of 38.98% from Rs. 7,113.92 million in Fiscal 2023 to Rs. 13,740.56 million in Fiscal 2025. We may not be successful in managing our growth effectively.

  • Our Statutory Auditors had provided a qualified opinion in our consolidated audit report on internal financial controls for Fiscal 2023. If we fail to maintain an effective system of internal controls, we may not be able to successfully manage, or accurately report, our financial risks. Despite our internal control systems, we may be exposed to operational risks, which may adversely affect our reputation, business, financial condition, results of operations and cash flows.

  • Our growth may be negatively impacted by macroeconomic factors, such as level of economic activity in the regions and cities in which we operate, interest rate fluctuations and emergence of alternative destinations. Additionally, a significant portion of our Rental Revenue can be attributed to Clients in the information technology industry. Any adverse change in the aforementioned macroeconomic factors or any adverse impact on the information technology industry may impact our business, results of operations and financial condition.

How to check the allotment status of the Smartworks Coworking Spaces Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Smartworks Coworking Spaces Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Smartworks Coworking Spaces Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number +91 8108114949
E-mail ID smartwork.ipo@in.mpms.mufg.com
Website www.linkintime.co.in

Smartworks Coworking Spaces Ltd IPO reservation

QIB shares offered

28,44,252 (19.87%)

NII (HNI) shares offered

21,33,190 (14.9%)

Retail shares offered

49,77,442 (34.77%)

Anchor investor shares offered

42,66,379 (29.81%)

Total shares offered

1,43,13,401

Total shares with anchor investor

1,43,13,401

Smartworks Coworking Spaces Ltd IPO lead manager

  • JM Financial Ltd
  • BOB Capital Markets Ltd
  • IIFL Securities Ltd
  • Kotak Mahindra Capital Company Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Smartworks Coworking Spaces Ltd IPO?

The listing date for the Smartworks Coworking Spaces Ltd IPO is 17 Jul 2025.

What is the issue size of Smartworks Coworking Spaces Ltd IPO?

The issue size of the Smartworks Coworking Spaces Ltd IPO is ₹582.56 cr.

What is the minimum lot size needed for Smartworks Coworking Spaces Ltd IPO?

The minimum lot size for Smartworks Coworking Spaces Ltd IPO is 36

When does the Smartworks Coworking Spaces Ltd open and close?

Smartworks Coworking Spaces Ltd IPO is open from 10 Jul 2025 to 14 Jul 2025.

How can I apply for the Smartworks Coworking Spaces Ltd IPO?

To apply for the Smartworks Coworking Spaces Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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