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Objective of the Issue
The Company proposes to utilise the Net Proceeds in the manner:
- Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company (114.00 crore).
- Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres (225.84 crore).
- General corporate purposes.
IPO Details, Price, Market Lot
| Smartworks Coworking IPO Details | |
| IPO Open Date | 10 July 2025 |
| IPO Close Date | 14 July 2025 |
| IPO Issue Size | 1,43,13,400 Shares (Aggregating up to ₹582.56 crore) |
| Fresh Issue | 1,09,33,660 Shares (Aggregating up to ₹445.00 crore) |
| Offer for Sale | 33,79,740 shares (aggregating up to ₹137.56 crore) |
| Retail Portion | Not less than 35.00% of the offer |
| NII Portion | Not less than 15.00% of the offer |
| QIB Portion | Not more than 50.00% of the offer |
| Listing At | BSE, NSE |
| Smartworks Coworking IPO Price | |
| Face Value | ₹10 Per share |
| IPO Price Band | ₹387 to ₹407 Per share |
| Employee Discount | ₹37.00 Per share |
| IPO Lot Size | 36 Shares |
| IPO Issue Type | Book Built Issue |
| Smartworks Coworking IPO Time Table (Tentative) | |
| IPO Open Date | 10 July 2025 |
| IPO Close Date | 14 July 2025 |
| Basis of Allotment Date | 15 July 2025 |
| Initiation of Refunds | 16 July 2025 |
| Credit of Share to Demat Account | 16 July 2025 |
| IPO Listing Date | 17 July 2025 |
| Company Promotor & Promotor’s Holding | |
| NS Niketan LLP, SNS Infrareality LLP, Aryadeep Realstates Private Limited, Neetish Sarda, Saumya Binani and Harsh Binani are the promoters of the company. | |
| Pre Issue Promotor Holding | 65.19% |
| Post Issue Promotor Holding | 58.25% |
| Company’s Contact & Address | |
| Smartworks Coworking Spaces Ltd. Unit No. 305-310, Plot No 9, 10 and 11, Vardhman Trade Centre, Nehru Place, South Delhi, Delhi, New Delhi, 110019 Phone: +91 83840 62876 Email: companysecretary@sworks.co.in Website: https://www.smartworksoffice.com/ |
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| IPO Registrar, Lead Manager, Prospectus | |
| Smartworks Coworking IPO Prospectus | |
| IPO Registrar | |
| MUFG Intime India Private Limited | |
| IPO Lead Manager | |
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Smartworks Coworking IPO Lot Size
| Number of Shares Per Lot = 36 Shares | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Minimum) | 1 | 36 | ₹14,652 |
| Retail (Maximum) | 13 | 468 | ₹1,90,476 |
| S-HNI (Minimum) | 14 | 504 | ₹2,05,128 |
| S-HNI (Maximum) | 68 | 2,448 | ₹9,96,336 |
| B-HNI (Minimum) | 69 | 2,484 | ₹10,10,988 |
| Number of Shares Per Lot = 36 Shares | |||
| Application | Lot(s) | Shares | Amount |
| 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 Coworking Financial Report (Restated Consolidated)
| Period Ended | Assets (₹ in Crore) |
Revenue (₹ in Crore) |
P A T (₹ in Crore) |
Net Worth (₹ in Crore) |
Borrowings (₹ in Crore) |
| 31 March 2025 | 4,650.85 | 1,409.67 | -63.18 | 107.51 | 397.77 |
| 31 March 2024 | 4,147.08 | 1,113.11 | -49.96 | 50.01 | 427.35 |
| 31 March 2023 | 4,473.50 | 744.07 | -101.05 | 31.47 | 515.39 |
| Period Ended | 31 March 2025 | 31 March 2024 | 31 March 2023 |
| Assets | 4,650.85 | 4,147.08 | 4,473.50 |
| Revenue | 1,409.67 | 1,113.11 | 744.07 |
| P A T | -63.18 | -49.96 | -101.05 |
| Net Worth | 107.51 | 50.01 | 31.47 |
| Borrowings | 397.77 | 427.35 | 515.39 |
| Amount in ₹ Crore | |||