Smartworks Coworking IPO Description – Smartworks Coworking Spaces is India’s leading managed Campus and office experience platform, operating the largest managed campus portfolio among benchmarked operators as of 31 March 2024, with a lease-signed area of 8.0 million sq. ft. As of 31 March 2025, the company leased and managed a total Super Built-up Area (SBA) of 8.99 million sq. ft. across 50 Centres in 15 cities, including Bengaluru, Pune, Hyderabad, Gurugram, Mumbai, Noida, and Chennai, offering 203,118 Capacity Seats. The average Centre size stood at 0.18 million sq. ft.
Smartworks focuses on mid-to-large enterprises and serves a diversified base of 728 clients occupying 169,541 Seats as of 30 June 2025, with 12,044 Seats committed but unoccupied. The platform includes four mega-centres above 0.5 million sq. ft., with its largest facility being 0.7 million sq. ft. at Vaishnavi Tech Park, Bengaluru. The company also expanded internationally, leasing 35,036 sq. ft. across two Centres in Singapore, serving 83 Clients.
With proprietary tech integrations, extensive amenities, and design-centric workspaces, Smartworks transforms bare-shell properties into premium managed Campuses, offering value to both Landlords and Enterprises. As of 31 March 2025, the company employed 794 permanent staff.
Promoters of Smartworks Coworking Spaces – Neetish Sarda, Harsh Binani, Saumya Binani, NS Niketan Llp, SNS Infrarealty LLP and Aryadeep Realestates Private Limited
Table of Contents
Smartworks Coworking Spaces IPO Details
| Smartworks Coworking IPO Dates | 10 – 14 July 2025 |
| Smartworks Coworking Issue Price | INR 387 – 407 per share Employee discount – INR 37 per share |
| Fresh issue | INR 445 crore |
| Offer For Sale | 33,79,740 shares (INR 130.80 – 137.56 crore) |
| Total IPO size | INR 575.80 – 582.56 crore |
| Minimum bid (lot size) | 36 shares (INR 14,652) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Smartworks Coworking Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 711.39 | 1,039.36 | 1,370.06 |
| Expenses | 880.30 | 1,180.73 | 1,489.13 |
| Net income | (101.05) | (49.96) | (63.18) |
| Margin (%) | (14.20) | (4.80) | (4.61) |
Smartworks Coworking Offer News
- Smartworks Coworking RHP
- Smartworks Coworking DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Smartworks Coworking Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre Issue) | FY 2025 (Post-Issue)* | |
| EPS | (10.57) | (5.18) | (6.18) | – |
| PE Ratio | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | (321.13) | (99.90) | (58.76) |
| NAV | 22.26 | 32.36 | 10.55 |
| ROCE (%) | 11.90 | 28.12 | 42.30 |
| EBITDA (%) | 59.60 | 63.47 | 62.39 |
| Debt/Equity | 8.84 | 6.87 | 2.90 |
Smartworks Coworking IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 14 July 2025 | 25 | – | 600 |
| 12 July 2025 | 25 | – | 600 |
| 11 July 2025 | 33 | – | 900 |
| 10 July 2025 | 30 | – | 800 |
| 9 July 2025 | 27 | – | 800 |
Smartworks Coworking IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres – INR 225.84 crore
- Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the company – INR 114 crore
- General corporate purposes
Smartworks Coworking IPO Subscription – Live Updates
42,66,378 shares allotted to anchor investors are not included in these calculations.
Smartworks Coworking – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Smartworks Coworking | – | (6.18) | (58.76) | 10.55 | 1,374.06 |
| Awfis Space Solutions | 63.18 | 9.67 | 14.78 | 65.97 | 1,207.54 |
Smartworks Coworking IPO Allotment Status
Smartworks Coworking IPO allotment status will be available on MUFG Intime’s website. Click on the MUFG Intime IPO weblink to get allotment status.
Smartworks Coworking IPO Dates & Listing Performance
| IPO Opening Date | 10 July 2025 |
| IPO Closing Date | 14 July 2025 |
| Finalization of Basis of Allotment | 15 July 2025 |
| Initiation of refunds | 16 July 2025 |
| Transfer of shares to demat accounts | 16 July 2025 |
| Smartworks Coworking IPO Listing Date | 17 July 2025 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Smartworks Coworking IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Antique Stock Broking –
Ajcon Global –
Arihant Capital –
Axis Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market –
Canara Bank Securities – Avoid
Choice Broking –
Dalal & Broacha –
Elara Capital –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities – Neutral
Hensex Securities –
HDFC Securities –
ICICIdirect –
IDBI Capital –
Investmentz –
Indsec Securities –
Jainam Broking – Neutral
DR Choksey – Subscribe
JM Financial –
Marwadi Financial –
Motilal Oswal –
Mehta Equities –
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities – Avoid
SBI Securities – Avoid
SMC Global – 2/5
SMIFS – Subscribe
Systematix Research – Not rated
Swastika Investmart –
Ventura Securities – Not rated
Smartworks Coworking Offer Lead Manager
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone: +91 22 6630 3030 / 3262
Email: [email protected]
Website: jmfl.com
Smartworks Coworking Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
Smartworks Coworking Contact Details
SMARTWORKS COWORKING SPACES LIMITED
Golf View Tower, Tower B, Sector 42,
Gurugram – 122 002 Haryana, India
Phone: +91 8384062876
Email: companysecretary@ sworks.co.in
Website: www.smartworksoffice.com
Smartworks Coworking IPO FAQs
How many shares in Smartworks Coworking IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for a Smartworks Coworking Public Offer?
The best way to apply for Smartworks Coworking public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Smartworks Coworking IPO GMP today?
Smartworks Coworking IPO GMP today is INR 25 per share.
What is Smartworks Coworking’s kostak rate today?
Smartworks Coworking kostak rate today is INR NA per application.
What is Smartworks Coworking Subject to Sauda rate today?
Smartworks Coworking Subject to Sauda rate today is INR 600 per application.