Smartworks Coworking IPO Will Open On July 10, 2025 And Close On July 14, 2025.The ₹ 582.5 Cr. IPO Is A Book Build Issue, Consisting Entirely of A Fresh Issue and offer for Sale . Indogulf CropsciencesIPO Price Band Is Set At ₹387 To ₹407 Per Share.
The Allotment will Be Finalized On July 15, 2025 and Listing date is Expected on The NSE BSE By 17, Jul 2025. Investor Quota like 50% QIB, 35% Retail, and 15% HNI Category.
Financial Year 2025 Company Posted a Revenue of ₹1,409.67 Cr. and A Net Profit of ₹-63.18 Cr. Showing Strong Growth From The Previous Year. Based On Financial, The IPO Looks Promising For Long-term Investors.
About Smartworks Coworking Limited
Our Company was originally incorporated on December 17, 2015 as s ‘Smartworks Coworking Spaces Limited’ we were the largest managed campus operator, amongst the benchmarked operators in terms of total stock, with a lease signed portfolio of 8.0 million square feet.
We have leased, and we manage a total SBA of 8.99 million square feet as of March 31, 2025. We strive to make Enterprises and their employees in India more productive at work by providing value-centric pricing and superior office experience vis-à-vis traditional workspaces, with access to enhanced services and amenities.
Landlords, especially passive and non-institutional, benefit from the transformation of their bare shell properties into ‘Smartworks’ branded, fully serviced managed Campuses.
We focus on mid-to-large Enterprises and have built a growing Client base, which includes Indian corporates, MNCs operating in India and startups. We equip our Campuses with modern and aesthetically pleasing designs using our extensive design library, integrated proprietary technology solutions and amenities such as cafeterias, sport zones, Smart Convenience Stores, gymnasiums, crèches and medical centres.
Some of these amenities take care of the daily needs of the employees of our Clients, and some are aspirational in nature, leading to collaborative workspace and team building. These aspects are likely to enhance well-being, fostering a vibrant and engaging work atmosphere.
Our managed Campus platform consists of a total SBA of 8.99 million square feet across 50 Centres in 15 cities such as Bengaluru (Karnataka), Pune (Maharashtra), Hyderabad (Telangana), Gurugram (Haryana), Mumbai (Maharashtra), Noida (Uttar Pradesh) and Chennai (Tamil Nadu), with 203,118 Capacity Seats, as of March 31,
2025.
We have a diverse Client base that includes Indian corporates and MNCs, such as Google IT Services India Private Limited, L&T Technology Services Limited, Bridgestone India Private Limited, Philips Global Business Services LLP, Persistent Systems Limited, Billionbrains Garage Ventures Private Limited (Groww), MakeMyTrip (India)
Private Limited.
Many of our Clients have long-term contractual arrangements with us across multiple locations.
Smartworks Coworking IPO Dates & Price Band Details
| IPO Open Date | July 10, 2025 |
|---|---|
| IPO Close Date | July 14, 2025 |
| IPO Price Band | ₹387 to ₹407 per share |
| Face Value | ₹10 per equity share |
| Lot Size | 36 Shares |
| Minimum Investment | ₹14,652 Thousand (for 1 lot at ₹407) |
| IPO Issue Type | Book Built Issue |
| IPO Issue Size | 44,73,110 shares (Approx ₹582.5 Cr) |
| Fresh Issue | 10,93,370 shares (Approx ₹445 Cr) |
| Offer For Sale | 33,79,000 shares (Approx ₹137.54 Cr) |
| Employees Discount | ₹37 per equity share |
| Retail Investor Quota | 35% |
| QIB Quota | 50% |
| NII (HNI) Quota | 15% |
| Listing Exchange | NSE BSE |
| Anchor Investor List | Click Here |
| DRHP (Draft Prospectus) | Click Here |
| RHP (Final Prospectus) | Click Here |
Smartworks Coworking IPO Market Lot Size
The Minimum Lot Size For The Indogulf CropsciencesIPO is 407 Shares, Requiring An Application Amount of ₹14,652 For Retail Investors. Investors Must Apply in Multiples of The Lot Size.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 36 | ₹14,652 |
| Retail Maximum | 13 | 468 | ₹1,90,476 |
| S-HNI Minimum | 14 | 504 | ₹2,05,128 |
| B-HNI Minimum | 68 | 2,448 | ₹9,96,336 |
Objects Of The Issue
1. Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by our Company.
2. Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres (“Capex”).
3. General corporate purposes.
Smartworks Coworking IPO Allotment & Listing Dates
Smartworks Coworking IPO Will Open on July 10 and Close on July 14, 2025. The allotment is Expected on July 15, With the Listing Scheduled on NSE BSE For Jul 17, 2025 (More information below table).
| Anchor Investor Bidding | July 09, 2025 |
|---|---|
| IPO Opens | July 10, 2025 |
| IPO Closes | July 14, 2025 |
| Allotment Finalisation | July 15,2025 |
| Refunds / Unblocking | July 16,2025 |
| Shares Credited to Demat | July 16,2025 |
| Listing Date | July 17,2025 |
Smartworks Coworking IPO Financial Report (FY 2025)
Smartworks Coworking Reported a total Revenue of ₹1,409.67 Cr. in FY 2025, Slightly up From ₹1,113.11 Cr. in FY 2024. The Company Net Profit Also Rose to ₹-63.18 Cr. From ₹-49.96 Cr. in the Previous Year Showing Consistent Financial Growth Ahead of its IPO. (More information below table).
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 4,650.85 | 4,147.08 | 4,473.50 |
| Revenue | 1,409.67 | 1,113.11 | 744.07 |
| Profit After Tax | -63.18 | -49.96 | -101.05 |
| EBITDA | 857.26 | 659.67 | 424.00 |
| Net Worth | 107.51 | 50.01 | 31.47 |
| Reserves and Surplus | 4.69 | 29.01 | -46.23 |
| Total Borrowing | 397.77 | 427.35 | 515.39 |
| Amount in ₹ Crore |
Smartworks Coworking IPO Valuation Report – FY 2025 (KPI)
Check Detailed Smartworks Coworking IPO Valuation Metrics for FY 2025, including EPS, P/E Ratio, RoNW, NAV, ROCE, and other key financial indicators. These Ratios help Investors Assess the Company financial Health & Valuation Before applying for The IPO. (More information below table).
| KPI | Value |
|---|---|
| Return on Equity (ROE) | -% |
| Return on Capital Employed (ROCE) | 42.30% |
| EBITDA Margin | 62.39% |
| PAT Margin | - |
| Debt-to-Equity Ratio | 2.90 |
| Earnings Per Share (EPS) | (6.18) |
| Price to Earnings Ratio (P/E) | (65.85) |
| Return on Net Worth (RoNW) | (58.76) |
| Net Asset Value (NAV) | 10.55 |
Qualitative Factors
- Our market leadership backed by scale and steady growth.
- Our ability to lease and transform entire / large properties across India’s key office clusters into amenities rich ‘Smartworks’ branded Campuses.
- Our focus on acquiring Enterprise Clients with higher Seat requirements as well as emerging mid to large Enterprises and grow with them.
- Our execution capabilities backed by cost efficiencies, effective processes and technology infrastructure.
- Our financial acumen and strategic execution abilities make us capital efficient, resulting in saving our equity on capital expenditure and working capital.
- Our risk mitigating strategy allows us to build a financially stable business model.
Our Company Promoters
- Neetish Sarda,
- Harsh Binani,
- Saumya Binani,
- Ns Niketan Llp,
- Sns Infrarealty Llp
- Aryadeep Realestates Private Limited
Comparison With Industry Peers
| Name of the Company | Face Value (Per share) | CMP | EPS (Rs) | P/E Ratio | RONW (%) | NAV (Rs. Per share) | Revenue from operatio ns (in ₹ million) |
| Smartworks Coworking Spaces Limited | 10.00 | - | (6.18) | ( 65.85 ) | (58.76) | 10.55 | 13,740.56 |
| Awfis Space Solutions Limited | 10.00 | 610.95 | 9.75 | 63.18 | 14.78 | 65.97 | 12,075.35 |
Also Read – Smartworks Coworking IPO GMP Today, Grey Market Premium Live
Smartworks Coworking Company Contact Details
Office: Unit No. 305-310, Plot No 9, 10 and 11,
Vardhman Trade Centre, Nehru Place,
South Delhi, Delhi – 110 019, India
Tel: +91 83840 62876
E-mail: companysecretary@sworks.co.in.
Website: www.smartworksoffice.com
Smartworks Coworking Lead Manager
JM Financial Limited
7th Floor, Cnergy, Appasaheb Marathe
MargPrabhadevi, Mumbai – 400 025
Maharashtra, India
Telephone: +91 22 6630 3030/3632
E-mail: smartworks.ipo@jmfl.com
Website: www.jmfl.com
BOB Capital Markets Limited
1704, B Wing, 17th Floor, Parinee
Crescenzo, Plot No. C – 38/39, G Block,
Bandra Kurla Complex
Bandra (East), Mumbai – 400 051
Maharashtra, India
Telephone: +91 22 6138 9353
E-mail: smartworks.ipo@bobcaps.in
Website: www.bobcaps.in
IIFL Capital Services Limited (formerly known
as IIFL Securities Limited)
24th Floor, One Lodha Place
Senapati Bapat Marg, Lower Parel (West)
Mumbai – 400 013
Maharashtra, India
Telephone: +91 22 4646 4728
E-mail: smartworks.ipo@iiflcap.com
Website: www.iiflcap.com
Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27, G Block
Bandra Kurla Complex
Bandra (East), Mumbai – 400 051
Maharashtra, India
Telephone: +91 22 4336 0000
E-mail: smartworks.ipo@kotak.com
Website: https://investmentbank.kotak.com
Smartworks Coworking IPO Registrar
MUFG Intime India Private Limited
(Formerly Link Intime India Private Limited)
C-101, 247 Park L.B.S. Marg, Vikhroli (West)
Mumbai – 400 083 Maharashtra, India
Telephone: +91 8108114949
E-mail: smartwork.ipo@in.mpms.mufg.com
Website: www.in.mpms.mufg.com
Smartworks Coworking IPO FAQs
Question 1: What is the Smartworks Coworking IPO?
Answer 1: Smartworks Coworking IPO is a Mainboard IPO of 44,73,110 equity shares of the face value of ₹10 approximately up to ₹ 582.5 Cr. The issue is price at ₹387 to ₹407 per share.
The Smartworks Coworking IPO opens on 10 July 2025 and closes on 14 July 2025.
MUFG Intime India Private Limited is the registrar for the IPO. The shares to be listed on NSE BSE.
Question 2: How to apply in Smartworks Coworking IPO through Groww?
Answer 2: Groww customers can apply online in Smartworks Coworking IPO using UPI as a payment gateway. Groww customers can apply in Smartworks Coworking IPO by login into Groww (back office) and submitting an IPO application form.
Steps to apply in Smartworks Coworking IPO through Groww –
- Visit the Groww website and login to Groww.
- Go to Main Page and click the Products & tools and click IPO tab.
- New page Open and Show ‘Smartworks Coworking IPO’ click the ‘Apply’ button.
- Show IPO detail Shares lot Size and Bid Price & click here to Cutoff Price check Box and Continue.
- Inter Your UPI id like . 95****299@kotak accept terms and condition click Box and Apply For IPO
- groww share payment link Your UPI Mobile Number Pay Payment for IPO Bid to approve the e-mandate successfully submit application .
Question 3: When Smartworks Coworking IPO will open?
Answer 3: The Smartworks Coworking IPO opens on July 10, 2025 and closes on July 14, 2025.
Question 4: What is the lot size of Smartworks Coworking IPO?
Answer 4: Smartworks Coworking IPO lot size and the minimum order quantity is 36 Shares.
Question 5: How to apply for Smartworks Coworking IPO?
Answer 5: You can apply in Smartworks Coworking IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Groww, Zerodha, Upstox, 5Paisa, Phonepe Share Market, HDFC Bank, and Angel one.
Question 6: When is Smartworks Coworking IPO allotment date?
Answer 6: The Basis of Allotment for Smartworks Coworking IPO will be on Tuesday, 15 July 2025, and the allotted shares will be credited to your demat account by , 16 July 2025. For Check the Smartworks Coworking IPO allotment status.
Question 7: When is Smartworks Coworking IPO listing date?
Answer 7: The Smartworks Coworking IPO listing date is 17 July 2025. The date ofSmartworks Coworking IPO listing on Thursday 17, Jul 2025.
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