31 Mar 2023
Assets4,473.50
Total Income744.07
EBITDA424.00
Profit After Tax-101.05
NET Worth31.47
Reserves and Surplus-46.23
Total Borrowing515.39
At a glance
Updated 2026-08-24The shares listed at ₹435.00, a 6.88% move from the issue price. Smartworks Coworking is a Mainboard IPO with an issue size of ₹582.56 crore, proposed for listing on BSE, NSE. The offer opens on 10th Jul 2025 and closes on 14th Jul 2025. The issue structure includes a fresh issue of ₹445.08 crore and an offer-for-sale component of ₹137.48 crore. The current listing schedule points to 17th Jul 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹582.56 Cr
Fresh issue₹445.08 Cr
Offer for sale₹137.48 Cr
Face value₹10
Price band₹387.00–₹407.00
Allotment15th Jul 2025
Listing17th Jul 2025
Listing performance
Full performance ↗Issue price₹407.00
Listing price₹435.00
Current price—
Listing gain6.88%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹25.00
GMP / upper price6.14%
Est. listing₹432.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens10th Jul 2025
Closes14th Jul 2025
Allotment15th Jul 2025
Refund16th Jul 2025
Demat16th Jul 2025
Listing17th Jul 2025
Subscription demand
Full bidding ↗Total13.92×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 36 | ₹14,652 |
Company
Incorporated2015
Use of proceeds
| Object | Amount |
|---|---|
| Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company | ₹114.00 Cr |
| Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres | ₹225.84 Cr |
| General Corporate Purposes | ₹56.63 Cr |
| Issue Expenses | ₹63.52 Cr |
| Total | ₹459.99 Cr |
Financials
Full financials ↗31 Mar 2024
Assets4,147.08
Total Income1,113.11
EBITDA659.67
Profit After Tax-49.96
NET Worth50.01
Reserves and Surplus29.01
Total Borrowing427.35
31 Mar 2025
Assets4,650.85
Total Income1,409.67
EBITDA857.26
Profit After Tax-63.18
NET Worth107.51
Reserves and Surplus4.69
Total Borrowing397.77
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 42.30% |
| Debt / Equity | 2.90% |
| RoNW | -58.76% |
| PAT Margin | -4.60% |
| EBITDA Margin | 62.39% |
| Price to Book Value | 38.58 |
Valuation & shareholding
Pre-IPO EPS-6.12
Post-IPO EPS-ve
Promoter holding pre65.19%
Promoter holding post58.25%
Market cap₹4644.82 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company | ₹114.00 Cr |
| Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres | ₹225.84 Cr |
| General Corporate Purposes | ₹56.63 Cr |
| Issue Expenses | ₹63.52 Cr |
| Total | ₹459.99 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Kotak Mahindra Capital Co.Ltd.
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.