Smartworks Coworking IPO day 1 Live: GMP, subscription status, review, other details. Good or bad bet for investors?
Smartworks Coworking IPO is proposed for listing on the BSE and the NSE. Ahead of the Smartworks Coworking IPO opening, company shares have debuted in the grey market. According to the market observers, Smartworks Coworking Spaces Ltd shares are available at a premium of ₹ 29 in the grey market today.
1] Smartworks Coworking IPO GMP today: According to the market observers, Smartworks Coworking Spaces Ltd shares are available at a premium of ₹ 29 in the grey market today.
2] Smartworks Coworking IPO subscription date: The public issue has opened today and will remain open until 14 July 2025.
3] Smartworks Coworking IPO price: The Company has declared an IPO price band of ₹ 387 to ₹ 407 per equity share.
4] Smartworks Coworking IPO size: The public issue aims to raise ₹ 582.56 crore, a mix of fresh shares and OFS.
5] Smartworks Coworking IPO lot size: A bidder can apply in lots, and one lot of the public offer comprises 36 company shares.
6] Smartworks Coworking IPO allotment date: The most likely date for share allocation is 15 July 2025, which is Tuesday next week.
7] Smartworks Coworking IPO registrar: MUFG Intime India Private Limited (Link Intime) has been appointed registrar of the public issue.
8] Smartworks Coworking IPO lead managers: JM Financial, BoB Capital Markets, IIFL Capital Services, and Kotak Mahindra Capital have been appointed lead managers of the public issue.
9] Smartworks Coworking IPO listing date: The public issue is proposed for listing on the BSE and the NSE. Most likely date for share listing is 17 July 2025.
10] Smartworks Coworking IPO review: Whether one should apply for the public issue or not, Gaurav Goel, Founder & Director at Fynocrat Technologies, said, "As an investor, it is important to look beyond revenue and consider the Company's ability to generate profit. Smartworks' return on net worth remains negative, and its cash flows from core operations are yet to stabilize. Scalability alone is insufficient in a competitive and capital-intensive space like managed offices. The risk remains high for retail investors until the Company can show a clear path to profitability and reduce its dependence on external capital."
Whether the Smartworks Coworking IPO is good or bad for the primary market investors, JM Financial Services said, "During Fiscal 2025, the Company derived 75.19% of their Rental Revenue from their Centres located in Pune, Bengaluru, Hyderabad and Mumbai. Any adverse developments affecting such locations and centres could hurt their business, operations, and financial condition. The Company's success largely depends on its ability to identify the right buildings/ properties in the right locations and source such centres at the right rental rate and other commercial terms. Any failure to do so will adversely affect their business, cash flows, results of operations and profitability."
The market capitalization of Smartworks Coworking Spaces IPO is ₹ 4644.82 crore. By the end of FY25, the Company's ROCE was 42.30%, and the EBITDA Margin stood at 62.39%. The Company's price-to-book is ₹ 38.58 per equity share.
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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