Smartworks Coworking Spaces IPO to Open on July 10, 2025

Bengaluru: Smartworks Coworking Spaces Limited is set to open its Initial Public Offer (IPO) of equity shares on July 10, 2025. The price band for the IPO has been fixed at ₹387 to ₹407 per equity share.

Key Highlights:

• The IPO comprises a fresh issue of equity shares aggregating up to ₹4,450 million and an offer for sale of up to 3,379,740 equity shares by existing shareholders.
• A discount of ₹37 per equity share is being offered to eligible employees bidding in the employee reservation portion.
• The bid/offer period will close on July 14, 2025.
• The anchor investor bid/offer period opens and closes on July 9, 2025.

Use of Proceeds:

• The company proposes to utilize the net proceeds towards repayment/prepayment/redemption of outstanding borrowings, capital expenditure for fit-outs in new centers, and general corporate purposes.

IPO Details:

• Bids can be made for a minimum of 36 equity shares and in multiples of 36 equity shares thereafter.
• The equity shares are proposed to be listed on BSE Limited and National Stock Exchange of India Limited.

JM Financial Limited, BOB Capital Markets Limited, IIFL Capital Services Limited, and Kotak Mahindra Capital Company Limited are the book running lead managers to the offer.