Smartworks Coworking IPO GMP, Date, And Price -Finowings

Get the latest update on Smartworks Coworking IPO GMP, price band, lot size, subscription dates, allotment, and listing details. Know if this IPO is worth investing in based on grey market premium trends and company fundamentals.



Smartworks Coworking IPO GMP: All You Need to Know

Smartworks Coworking IPO is one of the most anticipated public issues in the coworking and real estate tech space in 2025. Backed by strong financials, a scalable business model, and a growing client base, this IPO has attracted investor attention. In this blog, we break down every detail—from IPO structure to Smartworks Coworking IPO GMP, allotment, listing, lot size, and more.

Smartworks Coworking IPO Overview

  • IPO Issue Size: ₹582.56 Crores

  • Fresh Issue: 1.09 Crore shares aggregating to ₹445.00 Crores

  • Offer for Sale (OFS): 0.34 Crore shares aggregating to ₹137.56 Crores

  • Price Band: ₹387 to ₹407 per share

  • Face Value: ₹10 per equity share

  • Lot Size: 36 Shares

  • Retail Investment (Min): ₹13,932

  • Listing Exchanges: BSE and NSE

  • IPO Status: Book Building Issue

Smartworks Coworking IPO Timeline (Tentative)

Event

Date

IPO Opens

July 10, 2025

IPO Closes

July 14, 2025

UPI Mandate Confirmation Deadline

5 PM, July 14, 2025

Basis of Allotment Finalization

July 15, 2025

Initiation of Refunds

July 16, 2025

Credit of Shares to Demat

July 16, 2025

Listing Date

July 17, 2025

Smartworks Coworking IPO GMP Today

As of now, the Smartworks Coworking IPO GMP (Grey Market Premium) is reported to be ₹0, which means the IPO is currently trading flat in the grey market. This indicates neutral investor sentiment and reflects that the IPO is being perceived as fairly valued at the upper price band of ₹407 per share.

Note: Grey Market Premium is unofficial and speculative. It can change rapidly depending on demand, market conditions, and subscription data.

Smartworks Coworking IPO Lot Size and Investment Details

Investors can bid in lots of 36 shares and in multiples thereof. Here's a quick overview:

Category

Lots

Shares

Investment (Approx.)

Retail (Min)

1

36

₹14,652

Retail (Max)

13

468

₹1,90,476

S-HNI (Min)

14

504

₹2,05,128

S-HNI (Max)

68

2,448

₹9,96,336

B-HNI (Min)

69

2,484

₹10,10,988

Smartworks IPO Reservation Details

  • Total Shares Offered: 1,43,22,614

    • QIB (Qualified Institutional Buyers): 71,10,632 shares

    • NII (Non-Institutional Investors): 21,33,189 shares (14.89%)

    • Retail Investors (RII): 49,77,442 shares (34.75%)

    • Employee Reservation: 1,01,351 shares at ₹37 discount

Anchor Investor Details

  • Anchor Investor Bid Date: July 9, 2025

  • Anchor Portion Size: ₹0.00 Cr (no anchor allotment declared)

  • Lock-in for 50% Shares: Ends August 14, 2025

  • Lock-in for Remaining Shares: Ends October 13, 2025

About Smartworks Coworking Spaces Limited

Founded in 2015, Smartworks Coworking Spaces Limited is a leading provider of customized managed office solutions in India. The company specializes in tech-enabled, fully serviced workspaces for medium to large enterprises, including MNCs, corporates, and startups.

Key Operational Stats:

  • Clients Served: 728 (as of March 31, 2025)

  • Total Seats Managed: 1,69,541 (with 12,044 yet to be occupied)

  • Centers: Located in key cities like Bengaluru, Gurugram, Noida, Pune, Hyderabad, and Chennai

  • Major Campus: Vaishnavi Tech Park, Bengaluru (0.7 million sq. ft)

  • Permanent Employees: 794 (as of March 31, 2025)

Business Model & Stakeholder Ecosystem

  • Clients: Offers flexible, tech-based office spaces with modern infrastructure and wellness amenities

  • Landlords: Partners with property owners to create Smartworks campuses on long-term lease models

  • Employees: Provides value-added services like crèche, cafeteria, gyms, and medical centers

  • Service Partners: Collaborates with brands like Chaipoint, and ClearTax for added amenities

Competitive Strengths

  • Market leadership in managed campus workspace solutions

  • Tech-enabled, cost-effective, enterprise-first approach

  • Ability to scale across Indian metros and Tier-I cities

  • Strong tenant base with long-term lease agreements

  • Asset-light, capital-efficient business model

📈 Financial Performance

Financial Year

Revenue

Net Profit / Loss

FY 2023

₹711 Crores

-

FY 2024

-

-26% vs. FY25

FY 2025

₹1,374 Cr

₹63.17 Cr (Loss)

Revenue grew by 27%, while PAT declined by 26% from FY24 to FY25
The company remains in a growth phase, focusing on scale rather than short-term profitability

Promoter Holding

  • Promoters: Neetish Sarda, Harsh Binani, Saumya Binani, NS Niketan LLP, SNS Infrareality LLP, Aryadeep Realstates Pvt Ltd

  • Pre-Issue Holding: 65.19%

  • Post-Issue Holding: 58.25%

FAQs on Smartworks Coworking IPO GMP

Q1. What is the Smartworks Coworking IPO GMP today?
 A: Currently, the GMP is reported to be ₹0, indicating a neutral grey market sentiment.

Q2. What is the price band of the IPO?
 A: The price band is ₹387 to ₹407 per equity share.

Q3. When is the Smartworks IPO listing date?
 A: The tentative listing date is July 17, 2025.

Q4. How can I apply for the Smartworks IPO via Zerodha?
 A: You can apply through Zerodha Console or Kite using UPI and your Demat account.

Q5. What is the lot size for Smartworks IPO?
 A: The minimum lot size is 36 shares for retail investors.

Final Thoughts

The Smartworks Coworking IPO is an attractive opportunity in the managed workspace segment. While the current Smartworks Coworking IPO GMP is neutral, the company’s solid fundamentals, strong client base, and scalable business model position it well for long-term growth. Investors should monitor the subscription status and GMP trend between July 10–14 to make informed decisions.

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