Smartworks Coworking Spaces IPO Date, Price, GMP, Details

Smartworks Coworking Spaces Limited is gearing up for its stock market launch, a well-known coworking spaces company based in Delhi, with shifting economics and a history that keeps changing. Smartworks Coworking Spaces Limited operates in the commercial real estate and coworking space verticals, catering to multiple segments including flexible office spaces, shared workspaces, and corporate solutions across India. The price of the IPO is ₹407 per equity share, and based on the GMP, there will be a listing premium of 8.11%. Smartworks Coworking IPO GMP has got retail and institutional investors excited, and market watchers have their eyes on any new upcoming results from other real estate sector IPOs.

IPO Dates for Smartworks Coworking Spaces Limited

The Smartworks Coworking Spaces Limited IPO is scheduled to open on July 10, 2025, and close on July 14, 2025. The Board of Allotment (BoA) date is expected to be announced by July 15, 2025, with listing planned for July 17, 2025.

IPO Details Summary

Investors are closely monitoring the GMP of Smartworks Coworking ipo, which currently shows moderate demand ahead of listing. This IPO is also part of the growing Smartworks Coworking ipo list on the BSE platform.

About Smartworks Coworking Spaces Limited

Smartworks Coworking Spaces Limited is a coworking spaces company with its head office located in Delhi, New Delhi. The company functions in the commercial real estate space to deliver total solutions as it pertains to flexible workspace and coworking ecosystem segments (i.e., flexible offices (Smartworks Coworking), shared workspaces (Smartworks Coworking), and corporate solutions (Smartworks Coworking Spaces Limited)). As a coworking solutions company in the commercial hub of Delhi, the company can tap into a plethora of business networks and corporate clients (thus, avoiding costs often associated with traditional office set-ups) and was on the cusp of a rapidly growing flexible workspace ecosystem in India. This allows the company to benefit from opportunistic developments specific to the growing demand for coworking spaces as the Indian workforce shifts towards more flexible working arrangements.

Smartworks Coworking Spaces Limited has transitioned from its origin in coworking spaces to a full workspace solution provider, flexible office provider, workspace management contracting, and coworking services provider with adjunct business services. The company has developed the operating capabilities in workspace management, facility management, the coworking business, customer service, and quality assurance in the competitive coworking spaces environment with fluctuating scale, technology, and real estate sector participants behind them. The company is using all the use of its expertise capabilities in all the segments of business related to flexible workplaces and custom office solutions in response to the demand for organized coworking space services.

Smartworks Coworking expects to raise ₹582.56 crores from the IPO from the combination of fresh issue and offer for sale. The funds from the IPO will be used to generate working capital, expand its operating capabilities from the increasing demand, fund infrastructure in the business to adapt to increasing operational infrastructure, and strengthen operational infrastructure in all business verticals. Given the level of investor interest from the Smartworks Coworking IPO GMP and notable overall market sentiment, there is a cautiously positive outlook for investing in the organized coworking spaces sector. With no further comments on the Smartworks Coworking ipo subscription status, it can be suggested that investors' sentiments will be evident when the IPO opens.

Financial Performance of Smartworks Coworking Spaces Limited

The company has shown mixed financial performance with revenue growth but profitability challenges across key metrics:

Performance Analysis

Smartworks Coworking Spaces Limited appears to have had a mixed bag of performance, as its total assets ranged from ₹4,473.50 crores in Mar-23 to ₹4,650.85 crores in Mar-25, which shows the overall stability of its asset base. The company's revenues have grown significantly from ₹744.10 crores in Mar-23 to ₹1,409.67 crores in Mar-25, which provides confidence in the market acceptance of Smartworks' coworking solutions while providing evidence of expanding business scale/footprint. However, Smartworks Coworking still faces profitability challenges with losses narrowing from ₹101.00 crores in Mar-23 to ₹62.80 crores in Mar-25, which also provides evidence of increasing operational efficiency despite reporting losses. 

 Overall net worth has undergone a material improvement, increasing to ₹107.50 crores in Mar-25 from ₹31.50 crores in Mar-23, with signs of an increasingly robust financial construction/condition. The company's borrowings have also been reduced from ₹515.40 crores in Mar-23 to ₹397.80 crores in Mar-25with the same ratio of improvement indicative of improved debt management. The mixed financial performance assessed using the Smartworks Coworking ipo gmp today is a reflection of investor cautious optimism towards Smartworks Coworking's growth commitment and potential path towards profitability.

IPO Share Reservation

The IPO share allocation follows standard SEBI guidelines for main board listings:

Strengths

• Strong revenue increase from ₹744.10 crores to ₹1,409.67 crores, indicating healthy growth and acceptance in the market.

• Improving asset base with total assets at ₹4,650.85 crores to show size and capacity to operate.

• Narrowed losses from ₹101.00 crores down to ₹62.80 crores, indicating that operating efficiencies have improved and costs are being managed.

• Improved net worth from ₹31.50 crores to ₹107.50 crores, indicating better financial health.

• Strategically located in Delhi, with a strong presence in coworking and a growing demand from India's ever-expanding flexible workspace and start-up ecosystem.

Risks

• The ongoing challenge of profitability, even with revenue growth, is important to note, as losses have still been incurred, indicating operational efficiency is an issue.

• The company's high reliance on the real estate market exposes it to property price fluctuation and risk should the economy take a downturn.

• The competitive landscape is intense, with established domestic and global coworking competitors with more resources, size, and experience.

• High fixed costs attached to leases for real estate and facility operations expose the company to an occupancy rate risk and the associated fixed costs.

• The uncertainty of post-pandemic working dynamics and the changing patterns in working may have transferred some of the long-term demand from coworking spaces.

How to Apply for Smartworks Coworking Spaces Limited IPO?

Step-by-step guide (when IPO opens):

1. Log in to your broker app (Zerodha, Angel One, Groww, etc.)
2. Navigate to the IPO section and select Smartworks Coworking Spaces Limited IPO
3. Click "Apply"
4. Enter:
   • Lot size (36 shares minimum)
   • Bid price (₹407 or select Cut-Off)
   • Your UPI ID
5. Submit the application
6. Approve the UPI mandate in your UPI app (PhonePe, GPay, etc.)

⏰ Important: The mandate must be approved before 5 PM on the same day or before the IPO closes.

How to Check Smartworks Coworking Spaces Limited IPO Allotment Status?

You can check the Smartworks Coworking Spaces Limited IPO allotment status through BSE and the registrar portal once the IPO opens.

Check on BSE

• Visit the BSE official website
• Navigate to the IPO Allotment Section
• Select Smartworks Coworking Spaces Limited IPO
• Enter PAN number or application number
• Submit details to get the BSE Smartworks Coworking Spaces Limited IPO allotment status

Check on the Registrar Portal

• Visit MUFG Intime India Private Limited's website
• Select IPO allotment status
• Choose Smartworks Coworking Spaces Limited IPO
• Enter PAN or application number
• Submit to check status

Company Address

Name: Smartworks Coworking Spaces Limited
Address: 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
Website: Not specified

IPO Registrar

Name: MUFG Intime India Private Limited - Link Intime
Address: Link Intime India Private Ltd, C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai - 400083
Phone: +91 22 4918 6270
Email: smartwork.ipo@linkintime.co.in
Website: in.mpms.mufg.com/Initial_Offer/public-issues.html

Conclusion

The Smartworks Coworking Spaces Limited IPO is a mixed bag investment opportunity for those investors seeking exposure in the evolving coworking and flexible workspace segment of India. The company has shown good revenue growth of ₹1,409.67 crores in a brief timeframe, has improved operational metrics, and has good market presence. However, continuing profitability issues and losses of ₹62.80 crores should raise eyebrows. The IPO price of ₹407 per share and an issue size of ₹582.56 crores would provide investors a way into the growing but competitive segment. The Smartworks Coworking ipo gmp of 8.11% offers cautious optimism among investors, given the low level of sentiment in the market towards organized coworking spaces.

Smartworks Coworking Spaces Limited is based in Delhi, one of India's commercial centres, meaning that the company is favourably situated to take advantage of demand for new flexible workspace solutions in a post-COVID and hybrid working economy. The company operates a diversified range of coworking services in flexible offices, shared workspaces, and corporate solutions, which would provide some form of revenue diversification and growth opportunities, regardless of which model companies adopt. However, the business still carries significant risk, including losses, remaining highly competitive, being in a vacillating business cycle, and changing accommodation needs due to changing work patterns. Carefully consider the potential path to profitability, the market sentiment, as well as the market positioning of Smartworks Coworking Spaces Limited before investing. Smartworks Coworking Spaces Limited provides a speculative opportunity for those investors wanting participation in the growing organized coworking spaces segment while having a higher level of risk tolerance.

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Disclaimer : This analysis is prepared for educational purposes only and should not be considered as financial advice. Investors should consult their financial advisors and conduct thorough research before making investment decisions. Investments in equity markets are subject to market risks, including volatility and sector-specific challenges.

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