July 10, 2025: Smatworks Coworking IPO GMP– Smartworks Coworking Spaces has launched its initial public offering (IPO) today, opening the ₹582.56 crore issue for public subscription. The IPO, which will remain open from July 10 to July 14, comprises both a fresh issue and an offer for sale (OFS).
IPO Breakdown
- Total Issue Size: ₹582.56 crore
- Fresh Issue: 1.09 crore equity shares, aggregating to ₹445 crore
- Offer for Sale (OFS): 0.34 crore equity shares, aggregating to ₹137.56 crore
The company has set a price band of ₹387–₹407 per share, with a lot size of 36 shares. Retail investors will need a minimum investment of ₹13,932 to participate.
Investor Categories and Investment Requirements
- Retail Individual Investors (RII): Minimum 1 lot (36 shares) – ₹13,932
- sNII (Small Non-Institutional Investors): Minimum 14 lots (504 shares) – ₹2,05,128
- bNII (Big Non-Institutional Investors): Minimum 69 lots (2,484 shares) – ₹10,10,988
Listing and Allotment
- Allotment Date: July 15, 2025
- Tentative Listing Date: July 17, 2025
- Exchanges: BSE and NSE
Lead Managers and Registrar
- Book Running Lead Manager: JM Financial Limited
- Registrar: MUFG Intime India Private Limited (formerly Link Intime)
Smartworks, a major player in India’s coworking and flexible office space sector, aims to utilize the fresh proceeds to expand its footprint, enhance technology platforms, and repay certain debts.
Investors and market watchers will keep a close eye on the subscription numbers as demand builds across categories over the next few days.