Smartworks Coworking IPO is a book-built issue IPO, aiming to raise ₹582.56 crore. It comprises of a fresh issue of 1.09 crore equity shares aggregating to ₹445.00 crore and an offer for sale of 0.34 crore equity shares worth ₹137.56 crore. The bidding window was open from July 10, 2025, to July 14, 2025, with the IPO allotment to be finalised on July 15, 2025. Smartworks Coworking is scheduled to list on the BSE and NSE on July 17, 2025.
The IPO was priced at a range of ₹387-₹407 per share with a lot size of 36 shares. The public issue received bids for 14,00,18,436 shares against 1,00,56,237 shares available, resulting in an overall subscription of 13.92 times. QIBs led the response, subscribing 24.92 times their quota, followed by NIIs at 23.68 times.
· Go to the application status page.
· Select "Equity and SME IPO bids".
· Choose "Smartworks Coworking" from the Issue Name dropdown.
· Provide your Application Number or PAN.
· Click on Submit.
· Go to the application status page.
· Select "Equity" under the Issue Type.
· Choose "Smartworks Coworking" from the Issue Name dropdown.
· Provide your Application Number or PAN.
· Click on “I am not a robot” and submit.
· Go to the registrar’s official website.
· Select "Smartworks Coworking" from the company list.
· Enter your Client ID, Application Number, or PAN.
· Click on Submit.
Smartworks Coworking' ₹582.56 crore IPO, priced at a range of ₹387-₹407 per share, was subscribed 13.92 times overall. The IPO is a fresh issue of 1.09 crore equity shares aggregating to ₹445.00 crore and an offer for sale of 0.34 crore equity shares worth ₹137.56 crore. Bidding took place from July 10 to July 14, 2025, with the Smartworks Coworking IPO allotment status on July 15, 2025. Retail investors subscribed 3.69 and NIIs 23.68 times. Listing is expected on July 17, 2025.
The table below breaks down the Smartworks Coworking share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
Investor Category | Shares Offered |
QIB Shares Offered | 71,10,632 (49.65%) |
− Anchor Investor Shares Offered | 42,66,378 (29.79%) |
− QIB (Ex. Anchor) Shares Offered | 28,44,254 (19.86%) |
NII (HNI) Shares Offered | 21,33,190 (14.89%) |
− bNII > ₹10L | 14,22,126 (9.93%) |
− sNII < ₹10L | 7,11,063 (4.96%) |
Retail Shares Offered | 49,77,442 (34.75%) |
Employee Shares Offered | 1,01,351 (0.71%) |
Total Shares Offered | 1,43,22,615 (100.00%) |
Data Source: NSE
Category | Subscription (times) |
Qualified Institutional Buyers | 24.92 |
Non-Institutional Investors | 23.68 |
Retail Individual Investors | 3.69 |
Total shares | 13.92 |
Note: The subscription details are as of July 14, 2025
Smartworks Coworking Spaces Limited is India’s largest managed campus operator in terms of total stock, with a signed lease portfolio of 8.0 million sq. ft. as of March 31, 2024. By March 31, 2025, the total space managed reached 8.99 million sq. ft., offering flexible, serviced office solutions across major Indian cities.
The company focuses on providing cost-effective, high-quality workspace experiences to mid and large-sized enterprises, including Indian corporates, global firms, and startups. Its campuses are designed with modern aesthetics and come equipped with a variety of amenities such as cafeterias, gyms, crèches, medical centres, and convenience stores.
These features not only meet daily employee needs but also help foster team collaboration and well-being. As of June 30, 2025, Smartworks operates 50 centres in 15 cities including Bengaluru, Pune, Hyderabad, Gurugram, Mumbai, Noida, and Chennai. The company had also signed letters of intent for an additional 1.46 million sq. ft. of space and term sheets for 450,000 sq. ft. in Gurugram.
It achieved a committed occupancy rate of 89.03% with 728 clients and 169,541 committed seats out of a total capacity of 190,421. Smartworks also expanded internationally with two centres in Singapore, covering 35,036 sq. ft., serving 83 clients.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 16, 2025, 11:25 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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