Latest news with #SmartworksCoworkingSpaces
Business Standard
a day ago
- Business
- Business Standard
Smartworks Coworking Spaces IPO ends with 13.45x subscription
The offer received bids for 13.99 crore shares as against 1.04 crore shares on offer. The initial public offer of Smartworks Coworking Spaces received bids for 13,99,09,320 shares as against 1,04,01,828 shares on offer. The issue was subscribed 13.45 times. The Qualified Institutional Buyers (QIBs) category was subscribed 24.41 times. The Non-Institutional Investors (NIIs) category was subscribed 22.78 times. The Retail Individual Investors (RIIs) category was subscribed 3.53 times. The issue opened for bidding on 10 July 2025 and it closed on 14 July 2025. The price band of the IPO is fixed between Rs 387 and 407 per share. The issue comprised a fresh equity issue of Rs 445 crore and an offer for sale (OFS) of 33,79,740 shares including 8,00,000 shares by promoters and 25,79,740 shares by investor shareholder Space Solutions India. Within the promoter OFS, NS Niketan LLP will offload 4,90,000 shares and SNS Infrarealty will sell 3,10,000 shares. Post-issue, Space Solutions India will retain a 19% stake. Of the net proceeds from the fresh issue, Rs 114 crore will be used to repay or prepay certain borrowings, Rs 225.84 crore will go towards capital expenditure for fit-outs and security deposits for new centres, and the balance will be used for general corporate purposes. The companys total consolidated borrowings stood at Rs 381.97 crore as of 30 April 2025. Smartworks Coworking Spaces (SCSL), promoted by Neetish Sarda, Harsh Binani, and Saumya Binani, is Indias largest managed campus operator by leased and managed space. As of March 2025, it operates 8.99 million sq ft across 50 centers in 15 cities, with a seat capacity of over 2 lakh. The company follows an asset-light model, leasing large bare-shell properties and converting them into tech-enabled campuses with modern amenities. Its top marketsPune, Bengaluru, Hyderabad, and Mumbaiaccounted for over 75% of FY25 rental revenue. SCSL served 728 clients as of June 2025, with enterprise clients contributing nearly 88% of rental income. Lease rentals made up over 93% of FY25 revenue. The company plans to expand into variable rental and management contract models going forward. Ahead of the IPO, Smartworks Coworking Spaces on Wednesday, 9 July 2025, raised Rs 173.64 crore from anchor investors. The board allotted 42.66 lakh shares at Rs 407 each to 13 anchor investors. The firm reported a consolidated net loss of Rs 63.18 crore and sales of Rs 1,374.06 crore for the twelve months ended on 31 March 2025.
News18
a day ago
- Business
- News18
Smartworks Coworking Spaces IPO: How to Check Allotment Status, Latest GMP
Last Updated: 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 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 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 More First Published: July 15, 2025, 10:20 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Business
- Time of India
Smartworks Coworking Spaces IPO allotment. Check status, GMP and other details
The allotment status for Smartworks Coworking Spaces is set to be finalized today following a strong subscription to its Rs 582.56 crore public issue. Investors who participated in the offer can check their allotment details on the registrar's website — MUFG Intime India Pvt Ltd (Link Intime) — once the link goes live. The IPO, which ran from July 10 to July 14, comprised a fresh issue worth Rs 445 crore and an offer for sale (OFS) of Rs 137.56 crore. The company priced its shares in the range of Rs 387 to Rs 407 apiece. Despite cautious market conditions, the issue saw solid interest, getting subscribed 13.92 times overall. Institutional demand led the momentum, with the QIB portion booked 24.92 times, while high-net-worth individuals (HNIs) subscribed 23.68 times. Retail investor interest came in at 3.69 times and the employee quota at 2.51 times. The company also mobilized Rs 173.64 crore from anchor investors ahead of the issue. Where to check allotment status Investors can verify their allotment status via: Link Intime website ( ) Select 'Smartworks Coworking Spaces' from the dropdown Enter PAN, Application Number, or DP/Client ID Click 'Search' BSE website ( ) Choose 'Equity' under issue type Select 'Smartworks Coworking' from dropdown Enter PAN and application number GMP and listing details According to sources in the grey market, the GMP stands at Rs 16, implying a modest listing premium of around 4% over the upper price band. The company is scheduled to debut on the BSE and NSE on July 17. Refunds will be initiated on July 16, and shares will be credited to demat accounts the same day. About the company Founded in 2015, Smartworks offers customized managed office spaces to large and mid-sized enterprises. It operates across 14 cities, serving over 728 clients with nearly 1.7 lakh seats. Despite net losses, the firm posted EBITDA of Rs 857 crore in FY25, with analysts pointing to operational efficiency and strong client retention as positives. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
a day ago
- Business
- Economic Times
Smartworks Coworking Spaces IPO allotment. Check status, GMP and other details
The allotment status for Smartworks Coworking Spaces is set to be finalized today following a strong subscription to its Rs 582.56 crore public issue. Investors who participated in the offer can check their allotment details on the registrar's website — MUFG Intime India Pvt Ltd (Link Intime) — once the link goes live. ADVERTISEMENT The IPO, which ran from July 10 to July 14, comprised a fresh issue worth Rs 445 crore and an offer for sale (OFS) of Rs 137.56 crore. The company priced its shares in the range of Rs 387 to Rs 407 apiece. Despite cautious market conditions, the issue saw solid interest, getting subscribed 13.92 times overall. Institutional demand led the momentum, with the QIB portion booked 24.92 times, while high-net-worth individuals (HNIs) subscribed 23.68 times. Retail investor interest came in at 3.69 times and the employee quota at 2.51 times. The company also mobilized Rs 173.64 crore from anchor investors ahead of the issue. Where to check allotment statusInvestors can verify their allotment status via: Link Intime website ( Select 'Smartworks Coworking Spaces' from the dropdown ADVERTISEMENT Enter PAN, Application Number, or DP/Client IDClick 'Search' BSE website ( ADVERTISEMENT Choose 'Equity' under issue typeSelect 'Smartworks Coworking' from dropdownEnter PAN and application number ADVERTISEMENT According to sources in the grey market, the GMP stands at Rs 16, implying a modest listing premium of around 4% over the upper price band. The company is scheduled to debut on the BSE and NSE on July will be initiated on July 16, and shares will be credited to demat accounts the same day. ADVERTISEMENT Founded in 2015, Smartworks offers customized managed office spaces to large and mid-sized enterprises. It operates across 14 cities, serving over 728 clients with nearly 1.7 lakh net losses, the firm posted EBITDA of Rs 857 crore in FY25, with analysts pointing to operational efficiency and strong client retention as positives. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
a day ago
- Business
- Business Standard
Smartworks Coworking Spaces IPO allotment today; check status, latest GMP
Once the Smartworks Coworking Spaces IPO allotment is finalised, investors can check their status on the official websites of BSE, NSE, or MUFG Intime India, the registrar for the issue SI Reporter New Delhi Smartworks Coworking Spaces IPO allotment status: The basis of allotment for the Smartworks Coworking Spaces IPO shares is likely to be finalized today, Tuesday, July 15, 2025. The public subscription, which closed on Monday, July 14, saw strong investor demand and was oversubscribed by more than 13 times. Here's how to check Smartworks Coworking Spaces IPO online Once the Smartworks Coworking Spaces IPO allotment is finalised, investors can check their status on the official websites of BSE, NSE, or MUFG Intime India (erstwhile Link Intime), the registrar for the issue. Alternatively, investors can use these direct links to check the Smartworks Coworking Spaces IPO allotment status directly: Smartworks Coworking Spaces IPO final subscription status The ₹582.56 crore public offering of Smartworks Coworking Spaces, offered at a price band of ₹387-407 with a lot size of 36 shares, received bids for 13,99,09,320 shares against the 1,04,01,828 shares offered. This led to an oversubscription of 13.45 times by the end of the subscription period, according to data available on the BSE. Among the investor categories, Smartworks Coworking Spaces IPO witnessed the highest participation from qualified institutional buyers (QIBs), who oversubscribed to 24.41 times the portion reserved for them. This was followed by non-institutional investors (NIIs), who oversubscribed their category by 22.78 times, and retail investors at 3.53 times. Meanwhile, the quota reserved for employees was overbooked by 2.38 times. Smartworks Coworking Spaces IPO grey market premium (GMP) today The unlisted shares of Smartworks Coworking Spaces continue to command a decent premium in the grey market on Tuesday. Sources tracking unofficial market activities revealed that Smartworks Coworking Spaces shares were seen trading at around ₹423 per share, reflecting a grey market premium (GMP) of ₹16 or 3.93 per cent over the upper end of the issue price. Smartworks Coworking Spaces IPO listing forecast Shares of Smartworks Coworking Spaces are scheduled to list on the BSE and NSE on Thursday, July 17, 2025. Should the current grey market trends sustain, Smartworks Coworking Spaces shares may list at a premium of nearly 4 per cent. However, these estimates may vary, as the grey market is unregulated, and GMP should not be considered a reliable indicator of performance. About Smartworks Coworking Spaces Smartworks Coworking Spaces Limited is an office experience and managed campus platform. As of March 31, 2024, they were the largest managed campus operator among the benchmarked operators in terms of total stock, with a lease-signed portfolio of 8.0 million square feet. They have leased and manage a total SBA of 8.99 million square feet as of March 31, 2025.
