Latest news with #SmartworksCoworkingSpacesIPO
Mint
3 days ago
- Business
- Mint
Smartworks Coworking IPO allotment in focus today; latest GMP, 6 steps to check status
Smartworks Coworking IPO allotment date: The Smartworks Coworking Spaces IPO share allotment will be finalised today (Tuesday, July 15). The investors who applied for the issue can check Smartworks Coworking IPO allotment status today in Smartworks Coworking Spaces IPO registrar portal, which is MUFG Intime India Private Ltd (Link Intime India Private Ltd). The Smartworks Coworking Spaces IPO opened for subscription on Thursday, July 10 and closed on Monday, July 14. Smartworks Coworking IPO subscription status was 13.45 times on day 3. The issue received overall positive demand from the Street. Investors can check the basis of allotment to determine if they have received shares and how many. The number of shares allocated can also be viewed in the IPO allotment status. For those who were not allocated shares, the company will start the refund process. Shares that are allotted will be credited to the recipients' demat accounts. The initiation of the refund process will start on Wednesday, July 16, for individuals not given shares. Those allotted will receive their shares in their demat accounts on Wednesday. Smartworks Coworking IPO listing date is scheduled for Thursday, July 17. If you have applied for the Smartworks Coworking Spaces IPO, you can do a Smartworks Coworking IPO status check on the website of the IPO registrar, which is MUFG Intime India Private Ltd. You can check the Smartworks Coworking IPO allotment status of your application below: Smartworks Coworking Spaces IPO : Go to the website of the IPO registrar, which is Link Intime India Private Ltd. Link: Select the IPO from the dropdown menu, which will show the name only if the allocation has been finalized. Choose one of the three options available to check the status: Application No, Demat Account, or PAN. Decide between ASBA and non-ASBA for the application type. Fill in the details according to the mode you selected in Step 3. After completing the captcha, click on submit. Visit allotment page on BSE's official website- Smartworks Coworking IPO allotment status check online - Under 'Issue Type', select 'Equity'. Choose the IPO from the drop-down option under 'Issue Name'. Enter PAN or application number. Click 'I am not a Robot' to confirm your identity, then click the 'Submit' button. Visit NSE's official website- Smartworks Coworking IPO allotment status check online NSE- By selecting the 'Click here to sign up' option on the NSE website, one must register with PAN. Enter user name, password, and captcha code. Check IPO allotment status on the new page that will open.
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Business Standard
4 days ago
- Business
- Business Standard
NIIs drive demand for Smartworks Coworking Spaces IPO; GMP up 5%
Smartworks Coworking Spaces IPO subscritpion status: Non-institutional investors (NIIs) were driving the demand for the initial public offering (IPO) of workspace solutions provider Smartworks Coworking Spaces, leading to its full subscription on the final day of subscription on July 14, 2025. Smartworks Coworking Spaces IPO received bids for 1,62,51,804 shares against 1,04,01,828 on offer, resulting in an oversubscription of 1.56 times till 10:48 AM on July 14, showed the NSE data. Among the individual categories, NIIs bid the highest, oversubscribing the category reserved for them by 2.76 times. This was followed by retail investors, who bid 1.57 times. However, the response from qualified institutional buyers (QIBs) remains sluggish, as they are yet to fully subscribe to their category. They have booked 64 percent of their reserved quota. Smartworks Coworking Spaces IPO details The public offering comprises a fresh issue of 10.9 million equity shares worth ₹445 crore and an offer for sale (OFS) through which promoters and investors are selling up to 3.4 million shares worth approximately ₹137.56 crore. Smartworks Coworking Spaces IPO is being offered at a price band of ₹387-407 per share and a lot size of 36 shares. Investors can bid for a minimum of 1 lot or 36 shares of Smartworks Coworking Spaces IPO with an investment amount of ₹14,652. Smartworks Coworking Spaces will not receive any proceeds from the OFS, which will be given to shareholders divesting their stakes through the public issue. The company proposes to utilise the proceeds from the fresh issue for repayment, prepayment, or redemption (in full or part) of certain borrowings, to meet capital expenditure for fit-outs in new centres, and for placing security deposits at new centres. The company will further use the proceeds for general corporate purposes. For the public issue, the company has appointed Kfin Technologies as registrar, while GYR Capital Advisors serves as the book-running lead manager. Smartworks Coworking Spaces IPO grey market premium (GMP) today The unlisted shares of Smartworks Coworking Spaces were commanding a decent premium in the grey market on Monday. Sources tracking unofficial market activity reveled that the unlisted shares of Smartworks Coworking Spaces were trading at around ₹427 apiece, indicating a grey market premium (GMP) of ₹4.91 or 4.91 per cent over the upper end of the issue price of ₹407. Smartworks Coworking Spaces IPO allotment date, listing date As the public issue closes for subscription today, the basis for allotment of company shares is set to be finalised on Tuesday, July 15. The company's shares will be credited into demat accounts tentatively on July 16. Shares of Smartworks Coworking Spaces are slated to list on the BSE and NSE tentatively on July 17. Smartworks Coworking Spaces IPO review About Smartworks Coworking Spaces Smartworks Coworking Spaces is an office experience and managed campus platform. It was the largest managed campus operator in terms of total stock, with 8.0 million square feet of lease-signed space (according to the CBRE Report), as of March 2024. The company serves mid-to-large enterprises, including Indian corporates, MNCs, and startups. By March 2025, Smartworks had expanded its portfolio to 8.99 million square feet of leased and managed space.
Indian Express
7 days ago
- Business
- Indian Express
Smartworks Coworking IPO Day 2: Issue fully subscribed; ends with 1.15 times subscription
Smartworks Coworking Spaces IPO: Today (Friday, July 11) was the second day for the subscription of initial public offering (IPO) of Smartworks Coworking Spaces Limited. The three-day subscription for Smartworks Coworking Spaces IPO opened on July 10 and will close on July 14 (Monday). Gurugram-based Smartworks, one of the leading managed flexible office space providers, currently has 48 operational co-working centres with over 1.9 lakh seating capacities. On Friday, the Smartworks Coworking Spaces IPO got subscribed 1.15 times. The IPO received bids for 1,19,96,496 shares against 1,04,01,828 shares on offer, according to NSE data. The portion for non-institutional investors received 1.79 times subscription while the quota for retail individual investors (RIIs) got subscribed 1.18 times. The category for qualified institutional buyers (QIBs) received 63 per cent subscription. Smartworks Coworking Spaces IPO has fixed the price band at Rs 387 to Rs 407 per equity share. MUFG Intime India Private Limited is the registrar for Smartworks Coworking Spaces IPO. The face value and tick size of Smartworks Coworking Spaces IPO is RS 10 and Re 1, respectively. According to the details available, the Smartworks Coworking Spaces IPO will be finalised on July 15. Smartworks Coworking Spaces Limited's shares are proposed to be listed on NSE, and BSE. The listing will likely take place on July 17. JM Financial Limited, BOB Capital Markets Limited, IIFL Capital Services Limited are the book running lead managers for Smartworks Coworking Spaces IPO. Kotak Mahindra Bank Limited and HDFC Bank Limited are the Smartworks Coworking Spaces IPO. Smartworks takes on lease office spaces from landlords and then sub-leases the areas to corporates. It has an operational portfolio of 8.31 million square feet area while 0.7 million square feet is under fit-outs. The company has taken on lease another 1.7 million square feet area from landlords, but it has not obtained possession to set up the centres. The total portfolio will cross 10 million square feet, including spaces under fit-outs and signed. (With inputs from PTI)
