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Smartworks Coworking Spaces IPO IPO

Mainline10 Jul 202514 Jul 2025
Open
10 Jul 2025
Close
14 Jul 2025
3
Allotment
Listing
Thu, Jul 17, 2025
Price Band
₹387 to ₹407
Issue Size
1,43,21,474 shares (agg. up to ₹583 Cr)
Lot Size
36 Shares
Listing Date
Thu, Jul 17, 2025
Latest GMP
₹25
Est. Gain
6.14%
✦ AI Insight

GMP Trend

17-07-202525Est. ₹432+6.14%
16-07-202525Est. ₹432+6.14%
15-07-202517Est. ₹424+4.18%

Live Subscription

CategorySubscription (times)
Total10.03x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets4,650.854,147.084,473.50
Total Income1,409.671,113.11744.07
Profit After Tax-63.18-49.96-101.05
EBITDA857.26659.67424.00
NET Worth107.5150.0131.47
Reserves and Surplus4.6929.01-46.23
Total Borrowing397.77427.35515.39
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
International Gemmological Institute (India) Ltd.Mainboard₹4,225.00 Cr₹41750.98₹471.15+12.99%₹346.35 (-1.17%)
Happy Square Outsourcing Services Ltd.SME₹24.25 Cr₹7610.83₹80.85+6.38%₹44.30 (+4.98%)
Moving Media Entertainment Ltd.SME₹43.40 Cr₹708.49₹74.55+6.50%₹29.80 (-4.94%)
Icon Facilitators Ltd.SME₹19.11 Cr₹9111.72₹85.50-6.04%₹70.40 (+2.03%)
Nukleus Office Solutions Ltd.SME₹31.70 Cr₹23452.33₹196.55-16.00%₹221.70 (-0.54%)
Eleganz Interiors Ltd.SME₹78.07 Cr₹13017.67₹116.05-10.73%₹97.25 (+3.24%)
Chamunda Electrical Ltd.SME₹14.60 Cr₹5016.59₹66.50+33.00%₹44.75 (+3.71%)
EMA Partners India Ltd.SME₹76.01 Cr₹12415.56₹148.70+19.92%₹80.75 (-2.71%)
Supreme Facility Management Ltd.SME₹50.00 Cr₹7618.7₹71.25-6.25%₹24.85 (+5.74%)
Mangal Compusolution Ltd.SME₹16.23 Cr₹4511.66₹42.75-5.00%₹45.03 (-2.11%)
Vision Infra Equipment Solutions Ltd.SME₹106.21 Cr₹16330.69₹215.25+32.06%₹318.20 (+0.74%)
Positron Energy Ltd.SME₹51.21 Cr₹25015.79₹498.75+99.50%₹181.15 (-3.62%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company114.00
2Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres225.84
3General Corporate Purposes56.63
4Issue Expenses63.52
Total459.99

About Smartworks Coworking Spaces IPO

Incorporated in 2015, Smartworks Coworking Spaces Limited is engaged in the business of customized managed workspace solutions, offering fully serviced, tech-enabled office environments with aesthetic designs and essential amenities to meet the specific needs of enterprises and their employees. The company serves mid-to-large enterprises, including Indian corporates, MNCs, and startups, offering modern campuses with design, technology, and amenities like cafeterias, gyms, crèches, and medical centers for employee well-being. As of March 31, 2025, the company served 738 clients with 152,619 seats. Currently, it has 728 clients and 169,541 seats, with 12,044 seats yet to be occupied. As of March 31, 2024, the company holds four of India's five largest leased centers, including the 0.7 million square feet Vaishnavi Tech Park in Bengaluru, surpassing other campuses in size. Business Model: The company’s managed campus platform creates an ecosystem of key stakeholders: clients, landlords, employees, and service partners. Clients: The company specializes in serving large and emerging enterprises with customizable, tech-enabled workspaces across key Indian cities, offering modern, cost-ef

Contact Details

Smartworks Coworking Spaces Ltd. AddressUnit No.305-310Plot No 9, 10 and 11, Vardhman Trade CentreNehru Place, SouthDelhi, New Delhi, 110019+91 83840 62876companysecretary@sworks.co.inVisit Website