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SMARTWORKSEQ / NSE, BSEListed
Smartworks Coworking Spaces

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 - ₹40713.91x sub
Listed Price₹435.00
Listing Gain+6.88%

IPO Schedule & Timeline

Bookbuilding IPO
Open10 Jul 2025
Close14 Jul 2025
Allotment15 Jul 2025
Listing17 Jul 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail49,77,442 shares
34.77%
Nii(hni)21,33,190 shares
14.9%
QIB28,44,254 shares
19.87%
Employees1,01,351 shares
0.71%

Minimum Application Lots

Retail1 Lot (36 shares)
₹14,652
sHNI14 Lots (504 shares)
₹2,05,128
bHNI69 Lots (2,484 shares)
₹10,10,988

Company Promoters

Neetish SardaHarsh BinaniSaumya BinaniNS Niketan LLPSNS Infrareality LLPAryadeep Realstates Private Limited

Company Background

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 whi...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25 )₹1409.67 Cr
Growth+89.4%
Revenue Trend (₹ in Crores)
0.0540.41.1k1.6kMar-23Mar-24 Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-25 1,409.67-62.84,650.85 397.8
Mar-24 1,113.10-49.84,147.10427.4
Mar-23744.1-1014,473.50515.4

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-25-6.180%42.3%00
Mar-24-5.180%28.12%00
Mar-23-10.570%11.90%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Ltd

Allotment Finalized
Allotment Date
15 Jul 2025
Official Status
Out / Finalized
Registrar
Link Intime India Private Ltd
Listing Date
17 Jul 2025

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Ltd

Direct allotment verification on the official registrar portal appointed for Smartworks Coworking Spaces. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization15 Jul 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date17 Jul 2025Trading commences on exchange

How to Check Smartworks Coworking Spaces Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Smartworks Coworking Spaces from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Smartworks Coworking Spaces IPO

Complete issue overview for Smartworks Coworking Spaces (SMARTWORKS) IPO. The issue features an equity share price band of ₹387 – ₹407 per share with a minimum retail lot size of 36 Shares (minimum application amount of ₹14,652). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions