
Real Estate · NSE / BSE
Incorporated in 2015, the company offers customized, fully serviced, and technology-enabled managed office spaces tailored for mid-to-large enterprises, multinational corporations, startups, and Indian corporates. As of March 31, 2024, it has expanded to a leased area of 8 million square feet, catering to 618 clients with a total of 149,660 seats, out of which 8,691 remain unoccupied. One of its key assets includes the Vaishnavi Tech Park in Bengaluru, which spans 0.7 million square feet. The company employs 651 permanent staff members. Its business model revolves around multiple stakeholders. For clients, it delivers customizable workspaces equipped with advanced technology and wellness amenities. For landlords, it transforms their properties into Smartworks campuses, providing long-term lease or rental stability. For employees of client companies, the focus is on wellness-centric work environments that feature cafeterias, gyms, crèches, and medical centers. Additionally, the company enhances its value proposition through service partnerships with well-known brands such as Chaipoint and ClearTax.
Price Band
₹387 – ₹407
Issue Size
₹583 Cr
Lot Size
36 shares
GMP
+6.1%
Est. Listing
₹432
at current GMP
Subscribed
13.46x
overall
Open
10 Jul 2025
Close
14 Jul 2025
Allotment
15 Jul 2025
Refund
16 Jul 2025
Demat Credit
17 Jul 2025
Listing
17 Jul 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹407
Band: ₹387 – ₹407
Estimated Listing Price
₹432
Upper price + GMP
Lot Size
36 shares
Min investment ₹14,652
Estimated Profit / Lot
₹900
36 × ₹25
Grey Market Premium trend
+₹25
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹25 | 6.1% | ₹432 |
| 30 Oct 2026 | +₹25 | 6.1% | ₹432 |
| 29 Oct 2026 | +₹23 | 5.5% | ₹430 |
GMP is unofficial market data. Not a guarantee of listing performance.
Smartworks Coworking Spaces Limited is bringing an initial public offering (IPO) in the Real Estate sector with an aggregate issue size of ₹582.56 Crores. The shares are offered at a price band of ₹387 to ₹407 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-07-14, the basis of allotment is scheduled to be finalized on 2025-07-15. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Ltd) or the BSE allotment checking window.
The latest grey market premium for Smartworks Coworking Spaces Limited IPO is ₹25, which indicates an expected listing price of ₹432.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.