As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. If you are confused and worried about whether to Apply or Not the Smartworks Coworking IPO. Then worry not, here we are describing 10 important key points & an in-depth, detailed Smartworks Coworking IPO review that will help you to make the decision.
Strengths and Weaknesses of Smartworks Coworking IPO
Strengths:
- Smartwork coworking revenue mainly depends on working with landlords, mostly passive and non-institutional, to lease entire or large properties in key locations across India.
- The company mostly generates its revenue by cost efficiencies, streamlined processes, and strong technology infrastructure.
- The company incorporated a risk-mitigation-based business model that will help the company grow and thrive in the competitive market, as well as provide clients with a stable experience.
- The company’s team is supported by strong leadership and an experienced management team.
Weaknesses:
- As of FY24, around 80.07% of the company’s rental revenue comes from its centers situated in Pune, Bangalore, Hyderabad, and Mumbai. Any issues that occur in these cities can negatively impact the company’s financial, business, and cash flow.
- The company mostly generates its revenue by finding the right buildings at good rates and terms at the right locations. If they fail to do so, it can badly impact the business, cash flow, and overall performance.
- Their landlord can renew the leases of our existing centers or change the lease terms can badly impact the company’s finances, cash flow, and business.
- Unable to keep the existing clients, not able to attract new ones, or some clients ending the agreements, can badly impact the business, its cash flow, and financial condition.
Smartworks Coworking IPO Details
| IPO Size | ₹582.56 crores |
| Offer-for-sale | Up to 3,379,740 equity shares |
| Fresh issue | ₹445 crores |
| Price band | ₹387 to ₹407 |
| Subscription | Opens on July 10, 2025, and the closing date is July 14, 2025 |
| Purpose of IPO | Fresh Issue & Offer-for-Sale |
Smartworks Coworking IPO Open and closing dates?
Smartworks Coworking IPO will be opening for subscription on July 10, 2025, and will be closed for subscription on July 14, 2025.
What is the size of the Smartworks Coworking IPO?
The company planned to raise funds of around ₹582.56 crores via IPO. This IPO comprises only a fresh issue of ₹445 crores and an Offer-for-sale of up to 3,379,740 equity shares with a face value of ₹10 each.
What are the subscription details of the Smartworks Coworking IPO?
The Smartworks Coworking IPO price range is set at ₹387 to ₹407 per share. In this IPO, a total of 36 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, 468 shares in 13 lot sizes were available, and for the S-HNI Minimum category, 504 shares were available in 14 lot sizes. While for the B-HNI Minimum category, 2,484 shares were available in 69 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,652 and maximum investment of ₹1,90,476.
- Small HNI (S-HNI): Minimum investment of ₹2,05,128.
- Big HSI (S-HNI): A minimum investment of ₹10,10,988 is required.
What is the Smartworks Coworking IPO listing Date?
Smartworks Coworking is a Mainboard IPO shares that will be listed on July 17, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
What are the objectives of the Smartworks Coworking IPO Issue?
The objective behind raising funds via IPO is to utilize the funds via Repayment/ prepayment, in full or in part, of certain borrowings taken by the Company.
Some funds will be used to build the New Centres and for security deposits of the New Centres (“Capex”). Lastly, the remaining funds will be used for the company’s General corporate purposes and unidentified inorganic acquisitions.
About Smartworks Coworking
Founded in 2015, Smartworks Coworking Limited is a prominent company involved in the business of providing customized managed workspace solutions, fully serviced, tech-enabled office environments with aesthetic designs, and necessary amenities in order to meet the requirements of enterprises and their employees. Smartworks Coworking Limited’s managed campus platform covers a total super built-up area of 8.00 million square feet, spread across 41 centers in 13 cities, including Bengaluru, Pune, Hyderabad, Gurugram, Mumbai, Noida, and Chennai. The company focuses on offering its services to mid-to-large businesses, Indian corporates, MNCs, and startups, providing modern campuses with design, technology, and various amenities such as cafeterias, gyms, creches, and medical centers. The company includes 794 permanent employees as of March 31, 2025.
Smartworks Coworking IPO Financials
The company reported revenue of ₹1,409.67 crores in 2025 against ₹1,113.11 crores in 2024. The company reported a loss of ₹63.18 crores in 2025 against a loss of ₹49.96 crores in 2024.
Smartworks Coworking IPO Promoters
Neetish Sarda, Harsh Binani, Saumya Binani, NS Niketan LLP, SNS Infrareality LLP, and Aryadeep Realstates Private Limited are the promoters of the company.
Who are the Smartworks Coworking IPO lead managers and registrar?
JM Financial Limited, BOB Capital Markets Limited, IIFL Securities Limited, and Kotak Mahindra Capital Company Limited are the lead managers of Smartworks Coworking, while MUFG Intime India Private Limited is the registrar of the company.
Should you Apply or not for the Smartworks Coworking IPO?
Smartworks Coworking is one of the leading office experience and managed Campus platforms in India that focuses on mid-to-large Enterprises, building a strong client base consisting of Indian corporates and MNCs operating in India. Whether you should apply for the Smartworks Coworking IPO depends on your investment goals and risk appetite. The company follows a risk-mitigation-based model, cost efficiency, and technology-driven operations, which are positive factors for the company. Aside from positive factors, investors must also check the risks of the company, like sensitivity to economic or real estate market fluctuations, failure to attract new clients and issues with the landlord for not renewing the leases. Now, if you ask whether you should apply or not for Smartworks Coworking, then if you are looking for long-term growth and can see the growth managed office sector can plan to apply for this IPO. However, before applying, one should check the company’s financial details like cash flow, assets, risks, strengths, and overall condition of the company before investing your money in it, and at your own risk. Please follow the IPOWatch for daily updates and queries.
