Smartworks Coworking Spaces IPO: How to Check Allotment Status, Latest GMP
Smartworks IPO Allotment Date: The allotment for the Smartworks Coworking Spaces Limited IPO is expected to be finalized today, July 15, 2025.
Smartworks IPO Allotment Date: The three-day subscription window for Smartworks Coworking Spaces Limited IPO closed on Monday, July 14, 2025. The mainboard issue, looking to raise Rs 582.56 crore from the primary market, witnessed a strong response from investors.
By the end of the three-day subscription window, investors bid for 13,99,09,320 shares against 1,04,01,828 shares on offer, reflecting a subscription over 13.45 times. The QIB portion saw the massive demand by subscribing over 24.41 times, followed by NII portion at 22.73 times.
Retail portion, on the other hand, saw a muted response in the issue with the subscription reaching at 3.53 times.
The allotment for the Smartworks Coworking Spaces Limited IPO is expected to be finalized today, July 15, 2025. Below is a step-by-step guide to check the allotment status using the available platforms: the registrar's website (MUFG Intime India Private Limited) and the Bombay Stock Exchange (BSE).
Smartworks Coworking Spaces is 3.93 per cent.
The shares of the IPO are expected to list at Rs 423 per share on the bourses given the current GMP of Rs 16. GMP shows the unlisted price of the shares and it keeps changing.
Select the IPO: From the dropdown menu, choose 'Smartworks Coworking Spaces Limited IPO." Note that the IPO name will only appear once the allotment is finalized.
Choose an Identification Mode: Select one of the following options to check your status:
Application Number
Demat Account Number (DP ID/Client ID)
PAN ID
Select Application Type: Choose between ASBA (Application Supported by Blocked Amount) or non-ASBA.
Enter Details: Input the details corresponding to the selected mode (e.g., your PAN, application number, or Demat account details).
Complete CAPTCHA: Fill in the CAPTCHA for security verification and click 'Submit" to view your allotment status. The status will show whether shares were allotted and, if so, how many.
Option 2: Check Allotment Status on BSE Website
You can also check the allotment status on the BSE website. Here's how:
Visit the BSE IPO Page: Go to https://www.bseindia.com/investors/appli_check.aspx.
Select Issue Type: Choose 'Equity" as the issue type.
Select IPO: From the dropdown menu, select 'Smartworks Coworking Spaces Limited IPO."
Complete CAPTCHA: Tick the 'I'm not a robot" CAPTCHA and click 'Search" to view your allotment status.
Smartworks Coworking Spaces IPO: More Info
The size of the fresh issue has been reduced to Rs 445 crore from the earlier planned Rs 550 crore, while the Offer For Sale (OFS) by promoters has been cut to 33.79 lakh shares from 67.59 lakh shares.
Smartworks Coworking Spaces has raised Rs 173.64 crore from anchor investors ahead of its initial public offer (IPO).
At the upper end of the price band, the company's IPO size is now estimated at Rs 583 crore, with a market valuation of about Rs 4,645 crore.
Of the total proceeds from the fresh issue of shares, the company will use Rs 226 crore for capital expenditure related to the fit-outs in new centres and security deposits for these new centres.
It will utilise Rs 114 crore for payment of loans, and the remaining funds will be used for general corporate purposes. The OFS proceeds will go to promoters.
On the financial parameters, Smartworks has posted a net loss of Rs 63.17 crore in the last financial year due to higher expenses than income. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year.
However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal from Rs 1,039.36 crore in the preceding year.
'These losses were on account of our total income being lower than the expenses for the relevant fiscal," the company said in its red herring prospectus (RHP) filed with Sebi.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
About the Author
Varun Yadav
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst...Read More
First Published:
July 15, 2025, 10:20 IST
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