Smartworks Coworking IPO GMP Today | Price Band, Allotment & Listing Details by Finowings

 Get the latest update on Smartworks Coworking IPO GMP, price band, lot size, subscription status, allotment, and listing date. Explore detailed IPO analysis only on Finowings.

Smartworks Coworking IPO & GMP – Comprehensive Overview

Company Snapshot

Smartworks Coworking Spaces Ltd. is one of India’s leading managed workspace providers. Incorporated in 2015, the company leases and transforms large vacant commercial spaces into fully serviced, tech-enabled office environments. With over 50 centers across 15 cities and 10 million sq ft under management, Smartworks primarily serves mid-to-large enterprise clients from sectors like IT, BFSI, and startups. It offers flexible leasing and value-added facility management services, giving it a strong edge in the growing flexible workspace market.

IPO Highlights

  • IPO Type: Book-built Issue (Mainboard IPO)

  • Issue Size: ₹582.56 crore

    • Fresh Issue: ₹445 crore

    • Offer For Sale (OFS): ₹137.56 crore

  • Price Band: ₹387 – ₹407 per share

  • Face Value: ₹10 per share

  • Lot Size: 36 shares

  • Minimum Investment (Retail): ₹14,652

IPO Timeline

  • Opening Date: 10 July 2025

  • Closing Date: 14 July 2025

  • Allotment Date: 15 July 2025

  • Refund Initiation: 16 July 2025

  • Credit to Demat Accounts: 16 July 2025

  • Listing Date: 17 July 2025 (BSE & NSE)

Subscription Status

  • Day 1 (10 July):

    • Subscription: ~23%

    • Retail and NII saw steady participation

  • Day 2 (11 July):

    • Overall subscription reached ~72%

    • Retail: ~86%

    • NII: Fully subscribed

    • QIB: Minimal bids observed

Smartworks Coworking IPO GMP Trends

  • Before IPO Opening: GMP around ₹28–₹30

  • Day 1: GMP rose to ₹30–₹32

  • Day 2: GMP trending at ₹32–₹34

  • Estimated Listing Price: ₹437–₹441 based on GMP over the upper band

The strong grey market premium shows positive investor sentiment toward the IPO.

Use of IPO Proceeds

Funds raised through the IPO will be used for:

  • Setting up new workspaces, including fit-outs and deposits

  • Repayment/prepayment of certain borrowings

  • General corporate purposes

Lead Managers & Registrar

  • Book Running Lead Managers:

    • JM Financial

    • BOB Capital Markets

    • IIFL Securities

    • Kotak Mahindra Capital Company

  • Registrar:

    • KFin Technologies Ltd

Summary Table

Key Details

Info

Price Band

₹387 – ₹407

Lot Size

36 shares

Total Issue Size

₹582.56 crore

Fresh Issue

₹445 crore

OFS

₹137.56 crore

GMP (Day 2)

₹32–₹34

Expected Listing Gain

₹30–₹35 per share

Listing Date

17 July 2025

Exchange

BSE & NSE

Lead Managers

JM, BOB, IIFL, Kotak

Registrar

KFin Technologies


Conclusion

The Smartworks Coworking IPO has caught the attention of investors with a strong business model in the managed office space sector. Backed by solid demand from institutional clients and an expanding footprint across Indian metros, the company is well-positioned for future growth. Moreover, the rising Smartworks Coworking IPO GMP indicates strong market interest, making this IPO one to watch.

However, investors should also consider the capital-intensive nature of the business and delayed profitability. Still, for those seeking to invest in India’s growing flex-space industry, this IPO could be a strategic entry point.


Frequently Asked Questions  about Smartworks Coworkings IPO GMP (FAQs)

1. What is the Smartworks Coworking IPO?

Smartworks Coworking IPO is a book-built issue worth ₹582.56 crore. It includes a fresh issue of ₹445 crore and an offer for sale (OFS) of ₹137.56 crore. The IPO aims to raise funds for expansion, debt repayment, and general corporate purposes.

2. What is the price band for Smartworks Coworking IPO?

The price band for the Smartworks Coworking IPO is set between ₹387 to ₹407 per equity share.

3. What is the lot size for Smartworks Coworking IPO?

The lot size is 36 shares. Retail investors can apply for a minimum of 1 lot, which amounts to ₹14,652.

4. What is the Smartworks Coworking IPO GMP today?

As of the second day of IPO bidding, the Smartworks Coworking IPO GMP (Grey Market Premium) is around ₹32–₹34, indicating a premium over the upper price band.

5. When is the allotment date for Smartworks Coworking IPO?

The allotment for the Smartworks Coworking IPO is expected to be finalized on 15 July 2025.

6. What is the expected listing date of Smartworks Coworking IPO?

The IPO is expected to be listed on 17 July 2025, on both BSE and NSE.

7. How is the subscription status for Smartworks Coworking IPO?

The IPO saw a gradual increase in demand. By Day 2, overall subscription reached around 72%, with full subscription from retail and NII investors.

8. Is Smartworks Coworking IPO a good investment?

Smartworks operates in a high-growth flexible workspace industry and serves enterprise clients. Its rising GMP and demand indicate positive market sentiment, but investors should also consider business risks and financials before investing.

9. What will the IPO funds be used for?

The funds will be used for setting up new coworking centers (fit-outs, deposits), repayment/prepayment of loans, and general corporate expenses.

10. Who are the lead managers and registrar for this IPO?

The lead managers are JM Financial, BOB Capital Markets, IIFL Securities, and Kotak Mahindra Capital. The registrar is KFin Technologies Ltd.

Sure! Here's the "What Most Users Are Searching for Smartworks Coworking IPO" section with one-line answers for each query:


What Most Users Are Asking for Smartworks Coworking IPO (With One-Line Answers)

  • What is the current Smartworks Coworking IPO GMP?
     → The GMP is around ₹32–₹34 as of the latest update.

  • How much listing gain can be expected based on the latest GMP?
     → Estimated listing gain is ₹30–₹35 per share over the issue price.

  • What is the price band and lot size?
     → Price band is ₹387–₹407, and lot size is 36 shares.

  • When is the Smartworks Coworking IPO allotment date?
     → Allotment is expected on 15 July 2025.

  • What is the listing date and on which exchanges will it list?
     → Listing is scheduled for 17 July 2025 on BSE and NSE.

  • How is the subscription trend (retail, NII, QIB)?
     → Retail and NII are showing strong interest; QIB is moderate.

  • Is Smartworks Coworking IPO a good investment opportunity?
     → It offers strong potential but carries business model risks.

  • How does Smartworks compare with other recent workspace or commercial REIT IPOs?
     → Smartworks focuses on enterprise coworking, unlike asset-heavy REITs.

  • What are the risks and growth drivers of this IPO?
     → Growth drivers include demand for flex workspaces; risks include high capex and competition.

  • Who are the lead managers and registrar handling the IPO?
     → Lead managers are JM Financial, BOB Capital, IIFL, and Kotak; registrar is KFin Technologies.

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