
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
Overall Subscription
13.46x
Total Demand
QIB Multiplier
24.92x
Institutions & Funds
NII / HNI
23.68x
High Net-Worth
Retail (RII)
3.67x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,844,254 | 70,875,864 | 24.92x |
| NIB | 2,133,190 | 50,506,848 | 23.68x |
| HNIs(10L +) | 1,422,126 | 40,112,460 | 28.21x |
| HNIs (2-10L) | 711,063 | 10,394,388 | 14.62x |
| RETAIL | 4,977,442 | 18,271,764 | 3.67x |
| EMPLOYEES | 101,351 | 254,844 | 2.51x |
| Total | 12,189,426 | 190,416,168 | 13.46x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 138,262 | 507,549 | 3.67x |
| HNIs(10L +) | 2,822 | 79,588 | 28.20x |
| HNIs (2-10L) | 1,411 | 20,624 | 14.62x |
| Total Applications | 142,495 | 607,761 | 4.27x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for Smartworks Coworking Spaces Limited IPO is ₹25 per equity share. Based on the upper price band of ₹387 to ₹407 per equity share, the estimated listing price is ₹432 (+6.1% expected listing gain).
With a lot size of 36 shares and current GMP of ₹25, the expected profit per application lot is approx ₹900 (+6.1% gain). Minimum application cost is approx ₹14,652.
The Smartworks Coworking Spaces Limited IPO aggregate issue size is ₹582.56 Crores with an equity price band set at ₹387 to ₹407 per equity share. The retail lot size is 36 shares requiring a minimum capital outlay of approx. ₹14,652.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 13.46x (Retail: 3.67x, QIB: 24.92x, NII: 23.68x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd) and the BSE status verification website on or around 2025-07-15. Investors can verify status using PAN card or application number.
Smartworks Coworking Spaces Limited shares are scheduled to list on NSE and BSE on 2025-07-17.