&w=3840&q=100)
Smartworks Coworking Spaces shares list at 7% premium; book profit or hold?
On the National Stock Exchange (NSE), Smartworks Coworking Spaces shares listed at a slightly lower premium of ₹28 or 6.88 per cent at ₹435 apiece.
Smartworks Coworking Spaces IPO listing was almost in line with the grey market's estimates. Ahead of their market debut, the unlisted shares of Smartworks Coworking Spaces were trading at ₹432 per share, reflecting a grey market premium of ₹25, or 6.14 per cent over the issue price, revealed sources tracking unofficial market activity.
Should you book profit or hold?
Shivani Nyati, head of wealth, Swastika Investmart, remains optimistic about the company's long-term outlook. "The company has posted growth in its top line with cash earnings before interest, taxes, depreciation, and amortisation (Ebitda) at gross levels," said Nyati, adding, "Its focus on MNC customers with long-term contracts has yielded the desired benefits."
"Knowledgeable investors might park modest sums of money for the medium to long term, while others might consider taking profits," she added.
Smartworks Coworking Spaces IPO details
The public offering of Smartworks Coworking Spaces comprised a fresh issue of 10.9 million equity shares, aggregating to ₹445 crore, and an offer for sale (OFS) of up to 3.4 million equity shares worth ₹137.56 crore. It was offered at a price band of ₹387 and ₹407 per share, with a minimum lot size of 36 shares from July 10–July 14.
Smartworks Coworking Spaces IPO received a positive response from investors and ended up getting oversubscribed by 13.45 times, riding on the back of the Qualified Institutional Buyers (QIBs), who oversubscribed the category reserved for them by 24.41 times. This was followed by the Non-Institutional Investors (NIIs) at 22.78 times, and Retail Investors at 3.53 times.
Smartworks Coworking Spaces will not receive any proceeds from the offer for sale. The funds raised through the OFS will go directly to the selling shareholders. The company, however, proposes to use the net proceeds from the fresh issue to repay or prepay certain borrowings, invest in capital expenditure for fit-outs in new centres, and cover security deposits for these new centres. A portion of the funds will also be directed towards general corporate purposes.
About Smartworks Coworking Spaces
Smartworks Coworking Spaces Ltd (SCSL), incorporated in 2015, is India's largest managed campus operator offering 8.99 mn sq. ft. of leased and managed space across 50 centers in 15 cities (as of March 2025). Catering to mid-to-large enterprises, SCSL converts bare-shell properties into fully serviced, tech-enabled campuses featuring amenities like cafeterias, gyms, crèches, medical centers, and convenience stores to boost productivity and employee well-being. As of June 2025, it had a total capacity of 231,548 seats across 48 operational centers (190,421 seats), 2 under fit-out (15,042 seats), and 4 upcoming (26,085 seats).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
3 minutes ago
- Mint
Small-cap stock under ₹100 Mercury EV-Tech jumps 5% despite Nifty 50 paring one-year gains
Small-cap stock Mercury EV-Tech rallied 5% in the intraday on Tuesday, July 29, despite a lacklustre trend in the Indian stock market. As the benchmark indices reeled under pressure, with the Nifty 50 index turning negative over last one year, shareholders of Mercury EV-Tech cheered the inauguration of a new store in Dahod. Small-cap stock under ₹ 100 — Mercury EV-Tech — informed exchanges late last evening that it has inaugurated a new showroom at Dahod. Earlier in June, the company had announced the launch of another showroom in Bhavnagar. Mercury EV-Tech manufactures electric vehicles and provides related services. They produce a range of electric vehicles, including scooters, cars, buses, vintage cars, and golf cars. They also develop custom electric vehicles for various applications like hospitality, industry, and leisure. Additionally, they manufacture key components like batteries, chassis, and motor controllers. Mercury EV Tech reported a net profit of ₹ 1.33 crore for the quarter ending March 2025, a big jump of 470% compared to ₹ 23.4 lakh in the same quarter last year. The company's revenue from operations also rose sharply by 451%, reaching ₹ 30.68 crore, up from ₹ 5.57 crore, thanks to strong demand for its electric vehicle products. On the operations side, EBITDA (earnings before interest, tax, depreciation, and amortisation) increased by 431% to ₹ 2 crore, up from ₹ 37.6 lakh last year. This growth was supported by better operational efficiency. However, the EBITDA margin slipped slightly to 5.96% in Q4FY25, compared to 6.76% in Q4FY24. Small-cap stock Merucry EV-Tech jumped 5.2% to ₹ 54.50 on the BSE today. The stock opened at ₹ 52.80, higher than the last close of ₹ 51.79 apiece. The stock is part of the BSE Small-cap index, having a market cap of just over ₹ 1,000 crore. The stock has struggled in the near term, losing 44% on a year-to-date basis and 26% over the last one year. However, on a longer time frame of five years, the stock has surged a massive 12,144%, delivering multibagger gains to investors. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


Fibre2Fashion
4 minutes ago
- Fibre2Fashion
UK manufacturing stabilises, but demand & costs remain challenging
The UK manufacturing sector showed tentative signs of stabilisation in July, though underlying conditions remain fragile amid softening demand and mounting cost pressures, according to the latest CBI Industrial Trends Survey. Manufacturing output was broadly flat in the three months to July (weighted balance of -2 per cent), following a sharp decline in the previous quarter (-23 per cent). Although 12 out of 17 sub-sectors recorded lower output, gains in motor vehicles, transport equipment, and food, drink and tobacco helped offset the overall fall. Firms expect output to decline slightly over the next quarter (-6 per cent). The UK manufacturing sector showed signs of stabilisation in July, but demand remained weak and cost pressures rose sharply, according to the CBI. Output was flat, new orders declined, and business sentiment fell further. Investment intentions stayed subdued due to demand uncertainty, low returns, and labour shortages. Rising input costs and limited export competitiveness continue to weigh on margins. Demand conditions continued to weaken. Total new orders dropped 17 per cent, driven by a 16 per cent fall in domestic demand, while export orders remained flat. A further drop in total orders is expected by October (-18 per cent). Exporters face growing headwinds, with 56 per cent of firms citing pricing as a key constraint—up from 38 per cent in April—likely due to higher US tariffs and a stronger Sterling. Additionally, 20 per cent of firms pointed to quotas and licensing barriers, a level not seen since the 1980s. Business sentiment continued to deteriorate in July, with optimism down 27 per cent (from -33 per cent in April) and export sentiment falling 26 per cent (from -35 per cent). Firms expect competitiveness to decline further in both EU (-10 per cent) and non-EU (-13 per cent) markets, after recording declines of -13 per cent and -23 per cent respectively—the latter marking the sharpest fall since 2005. Investment intentions remain weak. Firms plan to cut spending on buildings (-28 per cent), plant and machinery (-15 per cent), training and retraining (-13 per cent), and product and process innovation (-6 per cent). The main constraints cited were demand uncertainty (50 per cent), inadequate returns (27 per cent), and labour shortages (21 per cent). Cost pressures intensified, with average costs rising 63 per cent—the fastest pace since January 2023. Growth is expected to moderate by October (41 per cent). Domestic prices rose 33 per cent, while export prices increased 19 per cent; both are forecast to rise more slowly in the next quarter (+21 per cent and +1 per cent, respectively). Stocks of work in progress declined sharply (-12 per cent), raw material inventories were stable (-1 per cent), and finished goods rose slightly (+3 per cent). All categories are expected to fall by October, with work in progress at its weakest forecast since January 2021 (-21 per cent), raw materials (-19 per cent), and finished goods (-6 per cent). Employment in manufacturing fell for the third consecutive quarter (-11 per cent), with a marginal decline expected by October (-5 per cent). Skilled labour shortages continue to constrain output, cited by over one-quarter of firms. 'Conditions in UK manufacturing remain challenging, with many firms reporting subdued and unpredictable demand. High input costs, labour shortages and global supply chain disruptions are continuing to put pressure on margins and capacity,' said Ben Jones, lead economist at CBI. 'Rising labour costs have undermined manufacturers' external competitiveness. While some exporters are finding opportunities overseas, overall sentiment is cautious, with economic and policy uncertainty weighing heavily on investment decisions.' 'What manufacturers really need now is stability—starting with predictability in the tax environment, alongside delivery at pace on the government's industrial strategy, skills reforms and steps to bring down energy costs. As we look ahead to the Autumn Budget, government must work to reassure businesses to avoid additional uncertainty that could further weaken investment prospects.' Fibre2Fashion News Desk (SG)


Business Standard
21 minutes ago
- Business Standard
L&T's Hydrocarbon Offshore business bags ' ultra-mega' order in Middle East
Larsen & Toubro (L&T) announced that its Hydrocarbon Offshore business vertical has secured an "ultra-mega" order from a prestigious client in the Middle East. According to the companys classification, the value of these orders exceeds Rs 15,000 crore. The order includes multiple offshore packages, covering the engineering, procurement, construction, and installation of offshore structures, along with the upgrading of existing facilities. The Hydrocarbon Offshore vertical is a leading provider of engineering, procurement, construction, installation, and commissioning (EPCIC) solutions in the offshore oil and gas sector. With strong in-house engineering capabilities, state-of-the-art fabrication yards, and a dedicated fleet of marine vessels, it has built a solid track record in both shallow and deep-water field developments. Over the past three decades, the company has successfully completed complex projects involving fixed platforms, subsea pipelines and structures, brownfield upgrades, and decommissioning. This ultra-mega order highlights the speed, precision, and expertise of the Hydrocarbon Offshore business vertical in delivering complex projects worldwide, all while adhering to world-class safety standards. Larsen & Toubro (L&T) is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a consolidated profit after tax of Rs 5,497 crore in Q4 March 2025, reflecting a year-on-year growth of 25%. Consolidated revenue for the quarter stood at Rs 74,392 crore, marking a year-on-year increase of 11%. Shares of Larsen & Toubro rose 0.54% to currently trade at Rs 3,440.65 on the BSE.