Markets / IPO / Smartworks Coworking Spaces

Smartworks Coworking Spaces IPO

Updated 18:57

Mainboard IPO on NSE and BSE · Diversified Commercial Services

Status
Listed
Price band
₹387–407
Lot size
36 shares · ₹14,652
Subscribed
13.45×

How it listed

Issue price
₹407
Listing price (open)
₹435.00 +6.88%
First-day close
₹445.05 +9.35%
Price now
₹515.85 +26.74%
Listing day17 Jul 2025
Open / high / low / close₹435.00 / ₹469.25 / ₹435.00 / ₹445.05
Shares traded on NSE1,75,40,423
Market value at the listing-day close₹5,091 cr

Closing prices since listing: 26 Oct ₹445.05, 27 Oct ₹468.95, 28 Oct ₹471.35, 29 Oct ₹484.50, 30 Oct ₹480.50, 2 Nov ₹479.20, 3 Nov ₹484.30, 4 Nov ₹487.60, 5 Nov ₹491.70, 6 Nov ₹516.00.

Smartworks Coworking Spaces share price, live chart and technicals →

Key dates

Bidding opens10 Jul 2025
Bidding closes14 Jul 2025
Allotment15 Jul 2025
Refunds and shares in demat16 Jul 2025
Listing17 Jul 2025

Issue reservation

Investor groupShares% of issueMost applicants allotted
Anchor investors42,66,37829.09%–
Institutions (QIB)29,03,91019.80%–
HNI / NII22,17,23315.12%–
  HNI, above ₹10 lakh14,78,15610.08%595
  HNI, ₹2–10 lakh7,39,0775.04%1,466
Retail51,73,54335.27%1,43,709
Employees1,07,1420.73%–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

ApplicationLotsSharesAmount
Retail (minimum)136₹14,652
Retail (maximum)13468₹1,90,476
Small HNI (minimum)14504₹2,05,128
Small HNI (maximum)682,448₹9,96,336
Big HNI (minimum)692,484₹10,10,988

At ₹407 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance
At least 1 in 4
Retail allotments available
1,43,709 × one lot
Retail portion subscribed
3.53×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor categoryShares offeredShares bid forTimes subscribed
Institutions (QIB)29,03,9107,08,75,86424.41×
HNI / NII22,17,2335,05,06,84822.78×
  HNI, above ₹10 lakh14,78,1564,01,12,46027.14×
  HNI, ₹2–10 lakh7,39,0771,03,94,38814.06×
Retail51,73,5431,82,71,7643.53×
Employees1,07,1422,54,8442.38×
Total1,04,01,82813,99,09,32013.45×

NSE and BSE bids together, as of 14 Jul 2025 19:00.

Demand at each price

Top price ₹4071,243.54 lakh shares88.8%
Cut-off final price, whatever it is; mostly retail154.72 lakh shares11.1%
Lower prices ₹387–4061.34 lakh shares0.1%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date9 Jul 2025
Anchor shares42,66,378
Raised from anchors₹173.64 cr
Lock-in ends for the first 50% (30 days)13 Aug 2025
Lock-in ends for the remaining 50% (90 days)12 Oct 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹4,655 cr₹5,900 cr
P/E (last 12 months' profit)82.2104.2
Revenue, last 12 months₹2,129 cr
Profit, last 12 months₹57 cr
Return on equity9.9%
Debt to equity0.41

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Diversified Commercial Services

CompanyListedSubscribedOn listingSince IPO
Elevate Campuses 30 Sept1.79×-1.91%-22.86%
Coreintegra Consulting Services SME30 Sept–+0.13%+36.35%
Rentomojo 17 Sept72.88×+19.42%+43.40%
Propshop Events and Exhibitions SME3 Aug–-20.00%-0.36%
Armour Security (India). SME22 Jan–-20.00%-54.39%
Dhara Rail Projects SME31 Dec–+19.05%+6.31%
Clear Secured Services SME8 Dec–-9.85%-47.16%
WeWork India Management 10 Oct1.15×+0.31%+5.19%

IPO details

Price band₹387–407
Final issue price₹407
Lot size36 shares
Minimum investment₹14,652 (1 lot)
MarketNSE mainboard
Issue type100% Book Building
Face value₹10/- per Equity Share
IndustryDiversified Commercial Services
Issue size₹582.56 crore (about 1.43 crore shares) · Fresh issue + offer for sale: fresh ₹445.00 cr, offer for sale ₹137.56 cr
ISININE0NAZ01010
RegistrarMUFG Intime India Private Limited
Helpline: +91 81 0811 4949, smartwork.ipo@in.mpms.mufg.com
Lead managersJM Financial Limited, BOB Capital Markets Limited, IIFL Capital Services Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 15 Jul 2025. Check it on the registrar's page (MUFG Intime India Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Smartworks Coworking Spaces IPO price band and lot size?

The price band is ₹387–407 per share, and one lot is 36 shares (₹14,652 at the upper price).

When is the Smartworks Coworking Spaces IPO allotment date?

Allotment was finalised on 15 Jul 2025, the next working day after bidding closed on 14 Jul 2025.

How many times was the Smartworks Coworking Spaces IPO subscribed?

In total 13.45 times, on NSE and BSE together; retail 3.53 times.

What is the Smartworks Coworking Spaces IPO listing date?

It listed on 17 Jul 2025 on NSE and BSE.

What is the chance of getting Smartworks Coworking Spaces IPO shares?

At least 1 in 4 retail applicants got the minimum lot: 1,43,709 retail allotments with the retail portion subscribed 3.53 times. Winners are picked by lottery.

When does the Smartworks Coworking Spaces anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 13 Aug 2025 and the 90-day lock-in on the rest ends on 12 Oct 2025; they can sell from the next trading day.

What was the Smartworks Coworking Spaces listing gain?

It opened at ₹435.00 against an issue price of ₹407, a gain of 6.88%. It is now up 26.74% from the issue price.