Smartworks Coworking Spaces Ltd. IPO
IPO Timeline
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10 Jul 2025Bidding Starts
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14 Jul 2025Bidding Ends
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15 Jul 2025Allotment Finalization
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17 Jul 2025Listing
About Smartworks Coworking Spaces Ltd.
We are an office experience and managed campus platform. As of March 31, 2024, we were the largest managed campus operator, amongst the benchmarked operators in terms of total stock, with a lease signed portfolio of 8.0 million square feet (Source: CBRE Report). We have leased, and we manage a total super built-up area of 8.99 million square feet as of March 31, 2025. We typically focus on leasing entire/ large, bare shell properties in prime locations from Landlords and transform them into fully serviced, aesthetically pleasing and tech-enabled Campuses with daily-life and aspirational amenities. We equip our Campuses with modern and aesthetically pleasing designs using our extensive design library, integrated proprietary technology solutions and amenities such as cafeterias, sport zones, Smart Convenience Stores, gymnasiums, crèches and medical centres. Our Centres offer Clients’ employees a modern, attractive and aesthetically pleasing work environment. We cater to the Clients’ needs of all team sizes, from under 50 to over 6,300 Seats, with a specific focus on mid-to-large Enterprises having a requirement of over 300 Seats.
Smartworks Coworking Spaces Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 42,66,379 (29.79%) |
| Employee Reserved | 1,01,351 (0.71%) |
| Non Institutional Investors | 21,33,190 (14.89%) |
| Qualified Institutional Buyers (QIBs) | 28,44,253 (19.86%) |
| Retail Individual Investors (RIIs) | 49,77,442 (34.75%) |
Smartworks Coworking Spaces Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2025 | 1,377.25 Cr | -61.74 Cr | 10.17 Cr |
| 31 Mar 2024 | 1,113.13 Cr | -47.02 Cr | -24.84 Cr |
| 31 Mar 2023 | 742.86 Cr | -99.79 Cr | -45.01 Cr |
Smartworks Coworking Spaces Ltd. Background
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2016Incorporation of our Company and commencement of operations
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2017Established Pan-India presence across nine Tier-1 cities with 12 Centres
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2018Pivoted our business model, transitioning from a co-working company to an office experience and managed campus platform by leasing large/ entire properties and working with mid-tolarge Enterprise Clients
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2019Crossed ₹1,000.00 million in revenue from operations
Our Company raised funding of ₹1,772.19 million, through issuance of CCPS to Space Solutions India Pte. Ltd. (formerly Lisbrine Pte Limited)
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2020Launched ‘SW App’ and ‘IoT solutions’ for contactless processes during COVID-19
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2021Our revenue from operations in 2021 was approximately ₹3,000.00 million from approximately ₹1,000.00 million in Fiscal 2019, which was during COVID-19
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2022Leased our largest center of approximately 0.70 million square feet located in Vaishnavi Tech Park in Bengaluru (Source: CBRE Report)
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2023Deutsche Bank A.G., London Branch invested in our Company by way of subscribing to 850,000 partly paid-up warrants each of ₹260 of our Company
Opened Centres in four Tier-2 cities namely, Jaipur, Indore, Ahmedabad and Kochi
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2024Launched FaaS to provide tailored design and build solutions for customers’ offices with advance payments from Client
Crossed ₹10,000.00 million in revenue.
Expanded our business to Singapore by taking two business centres on lease in Singapore pursuant to purchase of certain assets of Keppel Real Estate Services Pte. Ltd.
Raised funding by way of private placements of ?1,680.00 million from Space Solutions India Pte. Ltd. (formerly Lisbrine Pte. Limited), Ananta Capital Ventures Fund 1, Plutus Capital, and other investors. For further details, see “Capital Structure - Equity Share capital history of our Company.”
1. Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by our Company
2. Capital expenditure for fit-outs in the new centres and for security deposits of the new centres
3. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 407.00 | ₹ 407.00 |
| Open | ₹ 436.10 | ₹ 435.00 |
| Low | ₹ 436.00 | ₹ 435.00 |
| High | ₹ 469.00 | ₹ 469.25 |
| Last Trade | ₹ 445.10 | ₹ 445.05 |
1. Neetish Sarda
2. Harsh Binani
3. Saumya Binani
4. NS Niketan LLP
5. SNS Infrarealty LLP
6. Aryadeep Realestates Private Limited.
India’s commercial office stock stands at an estimated 883 million square feet as at March 31, 2025. It is forecasted to grow at a CAGR of 6.7% to 1,072 million square feet by the end of 2027 (Basis the graph in “Industry Overview- Evolution of Office Stock in India” on page ... Read more
Phone no:8384062876
FAQs
When does Smartworks Coworking Spaces Ltd. IPO opens and closes?
Smartworks Coworking Spaces Ltd. IPO opens from 10th July to 14th July 2025.What is the size of Smartworks Coworking Spaces Ltd. IPO?
The size of the Smartworks Coworking Spaces Ltd. IPO is ₹582.93 Cr.What is the price range of Smartworks Coworking Spaces Ltd. IPO?
The price range of Smartworks Coworking Spaces Ltd. IPO is at ₹387 to ₹407 per share.What is the minimum investment and lot size required for the Smartworks Coworking Spaces Ltd. IPO?
The minimum investment required is ₹14,652 and minimum lot size is 36 shares.When is Smartworks Coworking Spaces Ltd. IPO listing date?
The Smartworks Coworking Spaces Ltd. IPO will be listed on 17th July 2025.What is the objective of Smartworks Coworking Spaces Ltd. IPO?
1. Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by our Company2. Capital expenditure for fit-outs in the new centres and for security deposits of the new centres
3. General corporate purposes
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