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Business Standard
a day ago
- Business
- Business Standard
Smartworks Coworking Spaces shares list at 7% premium; book profit or hold?
Smart works Coworking Spaces share price: Shares of Smart works Coworking Spaces made a positive D-Street debut on Thursday, July 17, following the completion of its initial public offering (IPO). The company's shares listed at ₹436.10 per share on the BSE, a premium of ₹29.10 per share or 7.15 per cent over the issue price of ₹407 per share. On the National Stock Exchange (NSE), Smartworks Coworking Spaces shares listed at a slightly lower premium of ₹28 or 6.88 per cent at ₹435 apiece. Smartworks Coworking Spaces IPO listing was almost in line with the grey market's estimates. Ahead of their market debut, the unlisted shares of Smartworks Coworking Spaces were trading at ₹432 per share, reflecting a grey market premium of ₹25, or 6.14 per cent over the issue price, revealed sources tracking unofficial market activity. Should you book profit or hold? Shivani Nyati, head of wealth, Swastika Investmart, remains optimistic about the company's long-term outlook. "The company has posted growth in its top line with cash earnings before interest, taxes, depreciation, and amortisation (Ebitda) at gross levels," said Nyati, adding, "Its focus on MNC customers with long-term contracts has yielded the desired benefits." "Knowledgeable investors might park modest sums of money for the medium to long term, while others might consider taking profits," she added. Smartworks Coworking Spaces IPO details The public offering of Smartworks Coworking Spaces comprised a fresh issue of 10.9 million equity shares, aggregating to ₹445 crore, and an offer for sale (OFS) of up to 3.4 million equity shares worth ₹137.56 crore. It was offered at a price band of ₹387 and ₹407 per share, with a minimum lot size of 36 shares from July 10–July 14. Smartworks Coworking Spaces IPO received a positive response from investors and ended up getting oversubscribed by 13.45 times, riding on the back of the Qualified Institutional Buyers (QIBs), who oversubscribed the category reserved for them by 24.41 times. This was followed by the Non-Institutional Investors (NIIs) at 22.78 times, and Retail Investors at 3.53 times. Smartworks Coworking Spaces will not receive any proceeds from the offer for sale. The funds raised through the OFS will go directly to the selling shareholders. The company, however, proposes to use the net proceeds from the fresh issue to repay or prepay certain borrowings, invest in capital expenditure for fit-outs in new centres, and cover security deposits for these new centres. A portion of the funds will also be directed towards general corporate purposes. About Smartworks Coworking Spaces Smartworks Coworking Spaces Ltd (SCSL), incorporated in 2015, is India's largest managed campus operator offering 8.99 mn sq. ft. of leased and managed space across 50 centers in 15 cities (as of March 2025). Catering to mid-to-large enterprises, SCSL converts bare-shell properties into fully serviced, tech-enabled campuses featuring amenities like cafeterias, gyms, crèches, medical centers, and convenience stores to boost productivity and employee well-being. As of June 2025, it had a total capacity of 231,548 seats across 48 operational centers (190,421 seats), 2 under fit-out (15,042 seats), and 4 upcoming (26,085 seats).
Time of India
08-07-2025
- Business
- Time of India
Travel Food Services IPO subscribed 14% on day 2; Check GMP, price band and key details
On the second day of bidding, the IPO of Travel Food Services had been subscribed 14%. Travel Food Services IPO: Exchange data shows the IPO attracted bids for 18.33 lakh shares, compared to 1.34 crore shares available. The retail investor segment was subscribed at 18%, while Qualified Institutional Buyers (QIBs) subscribed 7% and Non-Institutional Investors (NIIs) 11%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads About Travel Food Services IPO About the company The initial public offering (IPO) of Travel Food Services witnessed a 14% subscription by 10:37 am on the second day of bidding, Tuesday. Despite a tepid overall response so far, retail investors showed relatively higher interest compared to institutional to exchange data, the IPO received bids for 18.33 lakh shares against the 1.34 crore shares on offer. The retail investor portion was subscribed 18%, while the Qualified Institutional Buyers (QIBs) category was at 7%, and Non-Institutional Investors (NIIs) at 11%. The employee quota saw a healthier 49% the unlisted grey market, shares of Travel Food Services were trading at a premium of Rs 16, indicating a modest listing gain of 1.45% over the issue's upper price band of Rs 1,100. Based on this, the estimated listing price is pegged at Rs 1, of the public issue, the company raised Rs 599 crore from anchor investors by allocating 54,43,635 equity shares at Rs 1,100 apiece on Friday, July anchor investors include ICICI Prudential Mutual Fund, Abu Dhabi Investment Authority, Axis Mutual Fund, Kotak Mutual Fund, HDFC Life Insurance , Fidelity, SBI General Insurance, and Tata AIA Life Insurance, among company has set the price band for the IPO at Rs 1,045 to Rs 1,100 per share. The issue is a 100% offer for sale (OFS), with no fresh equity being can place bids for a minimum of 13 equity shares and in multiples of 13 per the offer structure, 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs).Promoted by UK-based SSP Group plc and the Kapur Family Trust, Travel Food Services operates India's largest airport food and lounge network, with 413 outlets, of which 384 are located at airports across 14 Indian cities. It also runs 37 airport lounges, including 28 private ones, making it the largest lounge operator in company also operates internationally at three airports—two in Malaysia and one in Hong Kong.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
08-07-2025
- Business
- Economic Times
Travel Food Services IPO subscribed 14% on day 2; Check GMP, price band and key details
The initial public offering (IPO) of Travel Food Services witnessed a 14% subscription by 10:37 am on the second day of bidding, Tuesday. Despite a tepid overall response so far, retail investors showed relatively higher interest compared to institutional categories. ADVERTISEMENT According to exchange data, the IPO received bids for 18.33 lakh shares against the 1.34 crore shares on offer. The retail investor portion was subscribed 18%, while the Qualified Institutional Buyers (QIBs) category was at 7%, and Non-Institutional Investors (NIIs) at 11%. The employee quota saw a healthier 49% subscription. In the unlisted grey market, shares of Travel Food Services were trading at a premium of Rs 16, indicating a modest listing gain of 1.45% over the issue's upper price band of Rs 1,100. Based on this, the estimated listing price is pegged at Rs 1,116. Ahead of the public issue, the company raised Rs 599 crore from anchor investors by allocating 54,43,635 equity shares at Rs 1,100 apiece on Friday, July 4. Notable anchor investors include ICICI Prudential Mutual Fund, Abu Dhabi Investment Authority, Axis Mutual Fund, Kotak Mutual Fund, HDFC Life Insurance, Fidelity, SBI General Insurance, and Tata AIA Life Insurance, among others. ADVERTISEMENT The company has set the price band for the IPO at Rs 1,045 to Rs 1,100 per share. The issue is a 100% offer for sale (OFS), with no fresh equity being can place bids for a minimum of 13 equity shares and in multiples of 13 thereafter. ADVERTISEMENT As per the offer structure, 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs).Promoted by UK-based SSP Group plc and the Kapur Family Trust, Travel Food Services operates India's largest airport food and lounge network, with 413 outlets, of which 384 are located at airports across 14 Indian cities. It also runs 37 airport lounges, including 28 private ones, making it the largest lounge operator in India. ADVERTISEMENT The company also operates internationally at three airports—two in Malaysia and one in Hong Kong. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT
Time of India
19-06-2025
- Business
- Time of India
Eppeltone Engineers IPO subscribed 234 times, GMP robust at 47% on Day 3. Check details
Eppeltone Engineers' IPO saw overwhelming demand with 234x subscription on Day 3, led by retail investors. Shares command a 46.9% grey market premium ahead of NSE SME listing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads About Eppeltone Engineers IPO Eppeltone Engineers The third day of Eppeltone Engineers' initial public offering (IPO) witnessed an impressive subscription of 234 times, with the company's shares trading at a healthy grey market premium (GMP) of 46.9% or Rs 3:20 pm today, 57.49 crore bids were received from the market participants out of 24.56 lakh investors led the demand, submitting 2.47 lakh applications for a total of 24.71 crore shares. Non-Institutional Investors (NIIs) followed with 21,941 applications for nearly 26.41 crore Qualified Institutional Buyers (QIBs) had placed 91 applications for 7,92,31,000 Rs 43.96 crore IPO opened for subscription on Tuesday and will close on Thursday, with shares expected to be listed on the NSE SME on June offering comprises solely a fresh issue of 34.34 lakh equity shares, with a price band of Rs 125 to Rs 128 per share. Retail investors can apply for a minimum of 1,000 shares per lot, requiring an investment of Rs 1.28 lakh. High-net-worth individuals (HNIs) are required to bid for at least two lots, totaling Rs 2.56 proceeds from the IPO will be allocated to meet working capital requirements (Rs 30 crore), fund capital expenditure for new machinery (Rs 5 crore), and cover general corporate purposes and issue Global Consultants is the book-running lead manager, while Skyline Financial Services serves as the in 1977 and based in Noida, the company specializes in the manufacturing and supply of a wide range of energy management solutions, such as static and smart meters, watt-hour meters, BPL kits, LED lighting systems, advanced UPS solutions, battery chargers, and equipment for the railway and power key clients include Indian government agencies, electricity boards, and institutional buyers within the infrastructure operates a 36,000 sq. ft. manufacturing plant in Greater Noida, with additional units in New Delhi. The company employs 59 permanent staff and is known for its robust research and development capabilities, along with a focus on sustainability in its energy FY25, the company reported a 57% year-on-year revenue growth, reaching Rs 125.74 crore. Its profit after tax also grew by 38%, amounting to Rs 11.23 crore.
Time of India
19-06-2025
- Business
- Time of India
NSE changes bidding rules for SME IPOs from July 1. Check details here
According to the official circular issued by the NSE, both the current (existing) bidding system and the newly introduced one will be functional simultaneously for all SME IPOs that are launched on or before June 30, 2025. This overlap period likely aims to ensure a smooth transition without disrupting ongoing IPO processes. Tired of too many ads? Remove Ads Here are the changes made by the stock exchange: The "Retail Individual Investor" category is now called "Individual Investor" (This is defined as an Individual Investor who is applying for at least 2 lots, worth over Rs 2 lakhs). Minimum bid for Individual Investors: 2 lots (worth over Rs 2 lakhs). Bids at 'Cut-off price' are not allowed for any category. No changes or cancellations are allowed after placing the bid. On the last day, bidding closes at 4:00 PM. UPI approvals (mandates) can be completed till 5:00 PM on the last day. For special/reserved categories: Employees: Minimum 2 lots (over Rs 2 lakhs), up to Rs 5 lakhs Shareholders/Policyholders: Minimum 2 lots (over Rs 2 lakhs) QIBs (Qualified Institutional Buyers) and NIIs (Non-Institutional Investors) must apply for more than 2 lots. The National Stock Exchange ( NSE ) has announced certain updates to the bidding process for Small and Medium Enterprises' (SME) initial public offerings (IPOs). These updates are aimed at improving transparency, efficiency, and investor participation in the SME segment of the market . The revised bidding mechanism is scheduled to come into effect on July 1, to the official circular issued by the NSE, both the current (existing) bidding system and the newly introduced one will be functional simultaneously for all SME IPOs that are launched on or before June 30, 2025. This overlap period likely aims to ensure a smooth transition without disrupting ongoing IPO the event of any spillover or delay, the dual system will continue to be in operation until July 11, 2025, to accommodate all in-progress IPOs. After this transitional period, from July 12, 2025 onwards, the new bidding mechanism will become mandatory and will be implemented for all future SME IPOs without exception.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
