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India Today
10-07-2025
- Business
- India Today
Smartworks Coworking Spaces IPO open for bidding: Should you subscribe?
The initial public offering (IPO) of Smartworks Coworking Spaces Limited opened for subscription on Thursday, July 10, company, which provides customised managed office spaces, plans to raise Rs 582.56 crore through this IPO. The offer consists of a fresh issue worth Rs 445 crore and an offer for sale (OFS) of Rs 137.56 bidding window for the IPO will remain open until Monday, July 14. Investors can place bids within the price band of Rs 387 to Rs 407 per share. A retail investor will need to invest a minimum of Rs 13,932 to apply for one lot, which consists of 36 shares. For high net-worth investors (sNII and bNII categories), the minimum investments stand at Rs 2,05,128 and Rs 10,10,988, issue also includes a reservation of up to 1,01,351 shares for eligible employees, who are being offered a discount of Rs 37 per share from the issue price.J.M. Financial is the book-running lead manager for the IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar handling the allotment OVERVIEWFounded in 2015, Smartworks Coworking Spaces Limited focuses on offering managed office solutions to enterprise clients. The company designs and delivers ready-to-use, tech-enabled, and custom-designed workspaces. It currently operates several centres across major Indian cities, targeting multinational corporations (MNCs) and large domestic approach focuses on providing flexible leases and tailored office solutions for clients that require agility and modern infrastructure. Its growth has been supported by long-term contracts with enterprise clients, which has helped ensure a stable stream of POSITION AND RISKSDespite strong top-line growth, the company has been posting net losses. Analysts point out that this is largely due to accounting treatment under Ind AS 116, where lease expenses are not included in EBITDA but instead are recorded as depreciation and interest costs. This results in higher finance costs and reduced net profit Broking, in its IPO analysis, said, 'Smartworks has emerged as a leading provider of managed office spaces. The focus on long-term contracts with multinational clients is helping it grow. However, the high lease liability structure impacts the company's bottom line.'Bajaj Broking further explained that the IPO is priced at a price-to-book value (P/BV) of 38.58 based on the company's net asset value (NAV) as of March 31, 2025. After the issue, the P/BV drops to 8.40, based on the post-IPO NAV of Rs 48.45 per RESPONSE AND GMPIn the grey market, the Smartworks Coworking Spaces IPO is showing some positive latest grey market premium (GMP) stands at Rs 33 as of July 10. This suggests a potential listing price of around Rs 440 per share, implying an estimated gain of 8.11% over the upper end of the issue the GMP does not guarantee listing performance, it often reflects early investor appetite in the unofficial allotment of shares is expected to be finalised on Tuesday, July 15, 2025. If all goes according to plan, the shares of Smartworks Coworking Spaces Limited will list on both BSE and NSE on Thursday, July 17, 2025.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends advertisement
Mint
08-07-2025
- Business
- Mint
Cryogenic OGS IPO allotment to be finalised today. Latest GMP, steps to check share allotment status online
Cryogenic OGS IPO allotment in focus: The allotment for the Cryogenic OGS is expected to be finalized today, July 08. Investors can check their allotment status through the registrar, MUFG Intime India Private Limited (Link Intime), or the BSE website. The IPO, which was open for subscription from July 03 to July 07, saw a robust response from investors, being oversubscribed by 694 times. Specifically, the non-institutional investor (NII) segment was oversubscribed 1,155 times, while the retail portion was oversubscribed 773 times and the QIB was booked at 209 times. The IPO price was set at ₹ 47 per share. Given the high level of retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment can expect the refund process to start on July 09, 2025. Shares allotted will be credited to investors' demat accounts on the same day as the refunds. The SME IPO is expected to be listed on the BSE SME platform, with a tentative date of July 10, 2025. The company plans to use the net proceeds from the IPO to meet working capital requirements, general corporate purposes, and public issue expenses. Step 2: Choose 'Cryogenic OGS' in the Select Company dropdown menu. Step 3: Select among PAN, App. No., DP ID, or Account No. Step 4: Enter the details as per the option selected. Your Cryogenic OGS IPO allotment status will be displayed on the screen. Step 1: Visit the allotment page on BSE's official website: Step 2: Under 'Issue Type,' select 'Equity.' Step 3: Choose the IPO from the drop-down option under 'Issue Name.' Step 4: Enter the PAN or application number. Step 5: Click on 'I am not a robot' to confirm your identity, then hit the 'Submit' button. The allotment status will appear on your screen. Incorporated in September 1997, Cryogenic OGS Limited manufactures and assembles high-quality measurement and filtration equipment for industries such as oil, gas, chemicals, and related fluid sectors. The company focuses on innovative and tailored services for the oil, gas, chemical, and allied fluid industries and provides customized solutions to meet the specific needs of its customers. It provides design, process engineering, and manufacturing solutions, including fabrication, assembly, and testing facilities. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
12-06-2025
- Business
- Mint
Sacheerome IPO allotment to be out soon: Here are Steps to check status online and GMP as focus shifts to listing
Sacheerome IPO: The initial public offering that closed for subscription on 11 June will see allotment to be out soon. The proposed listing date for the Sacheerome IPO is set for Monday, June 16, 2025, on the NSE SME. The MUFG Intime India Private Limited (Link Intime) is the issue's registrar, while GYR Capital Advisors Private Limited is the book-running lead manager of the Sacheerome the Sacheerome IPO, Giriraj Stock Broking Private Limited is the market maker. Since the Sacheerome shares are to be listed on the NSE SME and MUFG Intime India Private Limited (Link Intime) is the issue's registrar, the investors can check allotment status either on the registrar's website of the NSE website. Here are Steps to check status online and GMP as focus shifts to listing on the NSE SME Step 1: Go to the website of Registrar MUFG Intime India Private Limited and click the link: Step 2: Select Sacheerome Limited' from the 'Select IPO' dropdown menu. Step 3: Select any of the following —PAN number, Application No, Demat (DP) or Client ID or Bank Account No with IFSC code Step 4: Enter the details from the option selected Step 5: Click the submit button Investors can similarly check status for Sacheerome IPO allotment on the NSE website Step 2: Choose the option "Details of the Equity & SME IPO bid." Step 3- Under the selection symbol option, select "Sacheerome" from the dropdown Step 4- Thereafter enter your details as application number and PAN information. Step 5- Press "Submit." thereafter Sacheerome IPO GMP or Grey Market Premium stands at ₹ 40 currently, as is indicated by data. This means that the Sacheerome shares are being traded in the Grey market at a premium of ₹ 40 over the issue price price of ₹ 102 in the grey market. The same also means that the market participants are expecting any listing gains of ₹ 40 or 39.22% above the offer price of ₹ 102. The listing of Sacheerome shares is expected to be at more than 39% premium above the upper band of the offer price of ₹ 102 and at ₹ 142 a piece, Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
04-06-2025
- Business
- Mint
Flat Debut! Scoda Tubes shares list at ₹140, same as IPO price
Scoda Tubes IPO listing: Shares of Scoda Tubes IPO made a muted debut on the bourses on Wednesday, June 4, listing at ₹ 140 on NSE and BSE, same as its issue price. The IPO, valued at ₹ 220 crore, was open for subscription from May 28 to May 30. The IPO concluded on an strong note, receiving bids amounting to 57.37 times the shares on offer over the three-day bidding period. A total of 63.11 crore shares were bid for, compared to the 1.10 crore shares available. The retail investor portion was subscribed 20.89 times, while the non-institutional investor (NII) category saw a subscription of 121.72 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 72.97 times. Scoda Tubes IPO was a completely fresh issue comprising 1.57 crore shares, with no offer-for-sale component. The minimum application size was set at 100 shares, requiring a minimum investment of ₹ 14,000 from retail investors. Scoda Tubes intends to deploy the proceeds from its initial public offering (IPO) towards multiple strategic objectives, including capital expenditure aimed at expanding its manufacturing capacity. A portion of the funds will also be allocated to meet working capital requirements, while the remainder will be used for general corporate purposes, supporting the company's broader growth and operational plans. Monarch Networth Capital Ltd is acting as the book-running lead manager for the Scoda Tubes IPO, while MUFG Intime India Private Limited, also known as Link Intime, has been appointed as the registrar to the issue. Established in 2008 and headquartered in Gujarat, Scoda Tubes has built a strong presence in the stainless steel segment, focusing on the production of seamless and welded pipes and tubes. These products are integral to various sectors such as oil and gas, chemicals, power generation, and infrastructure development. The company operates a fully integrated manufacturing facility that houses advanced machinery and quality testing equipment, enabling it to meet both domestic and export-grade standards. As part of its growth strategy, Scoda Tubes continues to export a portion of its output to international markets, reflecting its commitment to quality and global competitiveness. Scoda Tubes reported a significant financial upswing in the fiscal year 2024. Revenue surged to ₹ 402.49 crore, supported by a sharp rise in demand across key user industries. The company also posted a net profit of ₹ 18.3 crore, marking a notable 77 percent jump over the previous year. These numbers highlight the company's operational efficiency and financial momentum in the run-up to its IPO.
Mint
04-06-2025
- Business
- Mint
Flat Debut! Scoda Tubes shares list at ₹140, same as IPO price
Scoda Tubes IPO listing: Shares of Scoda Tubes IPO made a muted debut on the bourses on Wednesday, June 4, listing at ₹ 140 on NSE and BSE, same as its issue price. The IPO, valued at ₹ 220 crore, was open for subscription from May 28 to May 30. The IPO concluded on an strong note, receiving bids amounting to 57.37 times the shares on offer over the three-day bidding period. A total of 63.11 crore shares were bid for, compared to the 1.10 crore shares available. The retail investor portion was subscribed 20.89 times, while the non-institutional investor (NII) category saw a subscription of 121.72 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 72.97 times. Scoda Tubes IPO was a completely fresh issue comprising 1.57 crore shares, with no offer-for-sale component. The minimum application size was set at 100 shares, requiring a minimum investment of ₹ 14,000 from retail investors. Scoda Tubes intends to deploy the proceeds from its initial public offering (IPO) towards multiple strategic objectives, including capital expenditure aimed at expanding its manufacturing capacity. A portion of the funds will also be allocated to meet working capital requirements, while the remainder will be used for general corporate purposes, supporting the company's broader growth and operational plans. Monarch Networth Capital Ltd is acting as the book-running lead manager for the Scoda Tubes IPO, while MUFG Intime India Private Limited, also known as Link Intime, has been appointed as the registrar to the issue. Established in 2008 and headquartered in Gujarat, Scoda Tubes has built a strong presence in the stainless steel segment, focusing on the production of seamless and welded pipes and tubes. These products are integral to various sectors such as oil and gas, chemicals, power generation, and infrastructure development. The company operates a fully integrated manufacturing facility that houses advanced machinery and quality testing equipment, enabling it to meet both domestic and export-grade standards. As part of its growth strategy, Scoda Tubes continues to export a portion of its output to international markets, reflecting its commitment to quality and global competitiveness. Scoda Tubes reported a significant financial upswing in the fiscal year 2024. Revenue surged to ₹ 402.49 crore, supported by a sharp rise in demand across key user industries. The company also posted a net profit of ₹ 18.3 crore, marking a notable 77 percent jump over the previous year. These numbers highlight the company's operational efficiency and financial momentum in the run-up to its IPO. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
