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SMARTWORKSEQ / NSE, BSEListed

Smartworks Coworking Spaces Limited

Incorporated in 2015, the company offers customized, fully serviced, and technology-enabled managed office spaces tailored for mid-to-large enterprises, multinational corporations, startups, and Indian corporates. As of March 31, 2024, it has expanded to a leased area of 8 million square feet, catering to 618 clients with a total of 149,660 seats, out of which 8,691 remain unoccupied. One of its key assets includes the Vaishnavi Tech Park in Bengaluru, which spans 0.7 million square feet. The company employs 651 permanent staff members. Its business model revolves around multiple stakeholders. For clients, it delivers customizable workspaces equipped with advanced technology and wellness amenities. For landlords, it transforms their properties into Smartworks campuses, providing long-term lease or rental stability. For employees of client companies, the focus is on wellness-centric work environments that feature cafeterias, gyms, crèches, and medical centers. Additionally, the company enhances its value proposition through service partnerships with well-known brands such as Chaipoint and ClearTax.

₹387 - ₹40713.46x sub
Listed Price435.00
Listing Gain+6.88%
TimelineBookbuilding IPO
Open10 Jul 2025
Close14 Jul 2025
Allotment15 Jul 2025
Listing17 Jul 2025

Quota Reservation Portions

RetailPortion: 49,77,442 shares
34.77%
Nii(hni)Portion: 21,33,190 shares
14.9%
QIBPortion: 28,44,254 shares
19.87%
EmployeesPortion: 1,01,351 shares
0.71%

Minimum Application Bracket Matrix

Retail1 lots / 36 shares
₹14,652
sHNI14 lots / 504 shares
₹2,05,128
bHNI69 lots / 2,484 shares
₹10,10,988

About the Company

Incorporated in 2015, the company offers customized, fully serviced, and technology-enabled managed office spaces tailored for mid-to-large enterprises, multinational corporations, startups, and Indian corporates. As of March 31, 2024, it has expanded to a leased area of 8 million square feet, catering to 618 clients with a total of 149,660 seats, out of which 8,691 remain unoccupied. One of its key assets includes the Vaishnavi Tech Park in Bengaluru, which spans 0.7 million square feet. The company employs 651 permanent staff members. Its business model revolves around multiple stakeholders. For clients, it delivers customizable workspaces equipped with advanced technology and wellness amenities. For landlords, it transforms their properties into Smartworks campuses, providing long-term lease or rental stability. For employees of client companies, the focus is on wellness-centric work environments that feature cafeterias, gyms, crèches, and medical centers. Additionally, the company enhances its value proposition through service partnerships with well-known brands such as Chaipoint and ClearTax.

Company Promoters

Neetish SardaHarsh BinaniSaumya BinaniNS Niketan LLPSNS Infrareality LLPAryadeep Realstates Private Limited