Smartworks Coworking Share Price Debut With 7% Premium on NSE: Time to Buy, Sell Or Hold?

July 17, 2025: Smartworks Coworking Share Price, India’s largest managed campus operator, made a modest debut on stock exchanges on Thursday, listing at a premium of nearly 7 percent over its initial public offering (IPO) price.

The company’s Rs 583-crore IPO, which took place between July 10 and 14, attracted strong interest, with subscription levels reaching 13.45 times at a price band of Rs 387-407 per share. On the National Stock Exchange (NSE), Smartworks shares were listed at Rs 435 each, reflecting a 6.88 percent premium, while on the Bombay Stock Exchange (BSE), shares debuted at Rs 436.10, up 7.15 percent from the IPO price.

Following the listing, the total market capitalization of Smartworks Coworking Share Price stood at Rs 4,977.27 crore. Prior to the IPO, the company had raised Rs 173.64 crore from anchor investors.

Smartworks plans to utilize the funds raised primarily for business expansion and debt reduction. As of March 31, 2024, the Gurugram-based firm managed 8.99 million square feet of leased office space, operating 48 coworking centers with seating capacity exceeding 1.9 lakh.

Industry experts view the listing as a positive step, with the Smartworks Coworking Share Price performance slightly exceeding grey market expectations, which had anticipated gains around 6 percent.

Narendra Solanki, Head of Fundamental Research at Anand Rathi Shares and Stock Brokers, highlighted Smartworks’ impressive growth trajectory, noting a compound annual growth rate (CAGR) of 38.37 percent in managed space between 2020 and 2024, well above the industry average of 23-24 percent.

Valued at a price-to-sales (P/S) ratio of 3.3x and an EV/EBITDA of 9.7x at the upper price band, Smartworks’ post-issue market capitalization is Rs 4,644.8 crore.

Investors are advised to consider holding Smartworks shares with a long-term perspective, weighing their risk appetite and return expectations as the company embarks on an expansion journey in the flexible workspace sector.