Picture this: it’s 2015, and Smartworks is just beginning its journey, quietly transforming empty offices into buzzing hubs for India’s corporate dreamers. Fast forward to today, and they’re about to ring the bell on one of the most anticipated IPOs in the managed workspace arena.
Now, here’s everything you need to know—minus the corporate jargon.
🗓️ First Things First: The Dates
Clear your schedule if you're thinking of investing:
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Opens: July 10, 2025
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Closes: July 14, 2025
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Allotment Day: July 15, 2025
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Listing: July 17, 2025 on both BSE and NSE
💵 What’s the Price Tag?
The shares are priced between ₹387 and ₹407 apiece, with a minimum lot of 36 shares. So if you're planning to dip your toes, you'll need around ₹14,652 to start.
📦 What’s in the Box?
The total issue is ₹582.56 crore, split between:
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Fresh Issue of ₹445 crore (new funds for expansion and reducing debt)
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Offer for Sale of ₹137.56 crore by some of the early backers and founders
👀 Any Buzz in the Grey Market?
Surprisingly, things are quiet on the GMP front. No wild premiums (yet), suggesting that investors are playing it cool until they’ve seen more financial details or market cues.
🚧 Why Should You Care?
Smartworks is not your average coworking brand. It’s enterprise-focused, which means big-name clients, large-scale centers, and contracts that span multiple years. Your investment helps them:
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Expand further into India’s booming cities
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Set up new workspaces
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Pay off outstanding loans
🏙️ Behind the Scenes
Headquartered in New Delhi, Smartworks has grown into a 10-million sq. ft. giant with over 728 clients. Its crown jewel? A sprawling 700,000 sq. ft. center in Bengaluru that feels more like a corporate campus than a shared workspace.
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