Smartworks Coworking Spaces

The IPO is a pure offer for sale as promoter Embassy Buildcon LLP and investor WeWork International sell shares.

After venture capital investments slowed over the past few years, startups turned to the public markets. Flex office operators—Awfis, IndiQube and Smartworks—have joined the party, too. Two more are in the pipeline. But does the Indian market have an appetite for more flex IPOs?

Smartworks Coworking Spaces debuted on the NSE at ₹ 435, up 7% from its IPO price of ₹ 407. The stock rose further, reaching ₹ 469, about 15.23% above the IPO price. Analysts are optimistic about its long-term prospects.

Smartworks Coworking Spaces debuted on July 17 with shares listing at ₹ 435 on NSE and ₹ 436.10 on BSE, marking premiums over the IPO price. The IPO attracted substantial investor interest, closing with a 13.92 times subscription and a total issue size of ₹ 582.56 crore.

Smartworks Coworking Spaces Limited shares debuted positively, opening at ₹ 435 on NSE and ₹ 436.10 on BSE, exceeding the issue price of ₹ 407. The IPO was oversubscribed 13.45 times, reflecting strong interest from institutional investors.

Smartworks Coworking IPO is set to list today at 10:00 AM on BSE and NSE

Smartworks Coworking IPO allotment is finalised today, July 15. Investors can check their allotment status on MUFG Intime India Private Ltd's portal. Smartworks Coworking IPO subscription status was 13.45 times oversubscribed, with refunds starting July 16 for non-allottees.

The Smartworks Coworking IPO, valued at ₹ 582.6 crore, ended today. QIB portion was subscribed 24.41 times, with the retail portion booked 3.5 times. Estimated listing price is ₹ 421, but investors should assess risks beyond the grey market premium.