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Smartworks Coworking Spaces Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹435.00 | +₹28.00 | +6.88% |
| BSE | ₹436.10 | +₹29.10 | +7.15% |
Smartworks Coworking Spaces Subscription
Last updated on 14-Jul-2025 18:51:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 2844254 | 70875864 | 24.92 |
| HNIs | 2133190 | 50506848 | 23.68 |
| HNIs 10+ | 1422126 | 40112460 | 28.21 |
| HNIs 2+ | 711063 | 10394388 | 14.62 |
| Retail | 4977442 | 18271764 | 3.67 |
| Employees | 101351 | 254844 | 2.51 |
| Total | 10056237 | 139909320 | 13.91 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 2822 | 15980 | 5.66 |
| HNIs (2-10L) | 1411 | 19907 | 14.11 |
| Retail | 138262 | 417058 | 3.02 |
| Employee | - | 3298 | - |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 115.76 | 2884.65 | 24.92 |
| FIIs | - | 551.87 | - |
| DIIs | - | 618.32 | - |
| Mutual funds | - | 759.12 | - |
| Others | - | 955.33 | - |
| HNIs | 86.82 | 2055.63 | 23.68 |
| HNIs 10+ | 57.88 | 1632.58 | 28.21 |
| HNIs 2+ | 28.94 | 423.05 | 14.62 |
| Retail | 202.58 | 743.66 | 3.67 |
| Employees | 4.12 | 10.37 | 2.51 |
| Total | 409.29 | 5694.31 | 13.91 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹13.6 | @8% ₹15.6 | @9% ₹17.5 | @10% ₹19.5 | @11% ₹21.4 | @12% ₹23.3 |
Smartworks Coworking Spaces About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 36 | 14652 | 138262 |
| sHNI | 14 | 504 | 205128 | 1411 |
| bHNI | 69 | 2484 | 1010988 | 2822 |
IPO Details
| Total Issue Size | 14,313,401 Equity Shares aggregating up to 582.56 crore. |
| Fresh Issue Size | 10,933,661 Equity Shares aggregating up to 445 crore. |
| Offer For Sale | 3,379,740 Equity Shares aggregating up to 137.56 crore. |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE,NSE |
| Share holding pre issue | 10,31,89,592 shares |
| Share holding post issue | 11,41,23,252 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Key Performance Indicators
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 42.3 | 28.12% | 11.90% |
| RONW | -58.76 | -99.90% | -321.13% |
| EPS(basic) | -6.18 | -5.18 | -10.57 |
Financial Details In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 4,650.85 | 4,147.10 | 4,473.50 |
| Revenue | 1,409.67 | 1,113.10 | 744.1 |
| Profit After Tax | -62.8 | -49.8 | -101 |
| Net Worth | 107.5 | 50 | 31.5 |
| Reserves and Surplus | 4.7 | -29 | -46.2 |
| Total Borrowing | 397.8 | 427.4 | 515.4 |
Company overview
Incorporated: 2015
Business: Provides customized, fully serviced, tech-enabled managed office spaces for mid-to-large enterprises, MNCs, startups, and Indian corporates.
Scale of Operations (as of March 31, 2024):
Leased Space: 8 million sq. ft.
Clients: 618
Seats Offered: 149,660 (8,691 unoccupied)
Notable Asset: Vaishnavi Tech Park, Bengaluru – 0.7 million sq. ft.
Employees: 651 permanent
Business Model:
Clients: Customizable workspaces with tech and wellness amenities
Landlords: Transforms properties into Smartworks campuses with long-term lease/rental assurance
Employees of Clients: Wellness-focused spaces with cafeterias, gyms, crèches, medical centers
Service Partners: Collaboration with brands like Chaipoint & ClearTax for added value
Strength
Market Leadership & Scale: Among the largest managed workspace providers with 8 million sq. ft. under management.
Campus Transformation Capability: Expertise in leasing and converting large properties into branded, amenity-rich Smartworks campuses.
Enterprise-Focused Growth: Strong client base of large and mid-sized enterprises with high seat demand, ensuring long-term scalability.
Weakness
Geographical Concentration: 80%+ of rental revenue comes from Pune, Bangalore, Hyderabad, and Mumbai—exposing the business to regional risks.
Client Dependence: Heavy reliance on large clients with 300+ seat requirements; loss of such clients could impact cash flow and operations.
Location & Lease Acquisition Risk: Business success depends on securing the right properties at favorable terms; failure may hurt growth and profitability.
Smartworks Coworking Spaces Latest Announcements
| Date | Subject | Attachment Text |
|---|
Smartworks Coworking Spaces Financial Results
Smartworks Coworking Spaces Lead Manager(s)
Smartworks Coworking Spaces Address
Smartworks Coworking Spaces Limited
Unit No. 305-310,
Plot No 9, 10 and 11, Vardhman Trade Centre,
Nehru Place, South Delhi,
Delhi, New Delhi, 110019
Phone: +91 83840 62876
Email: companysecretary@sworks.co.in
Smartworks Coworking Spaces Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083