Smartworks Coworking IPO GMP, Date, And Price by Finowings
Smartworks Coworking IPO: Explore IPO GMP, price, date, allotment status, listing date, grey market premium, company financials and other key details.
Shivam.Finowings 
Smartworks Coworking IPO GMP Today | Key IPO Insights – 2025
Smartworks Coworking Spaces Ltd, India’s largest managed office space provider, has launched its IPO worth ₹582.56 crores, creating a buzz in the market. The issue comprises a fresh issue of ₹445 crores and an offer for sale of ₹137.56 crores.
The IPO has attracted attention due to strong fundamentals, and the Smartworks Coworking IPO GMP (Grey Market Premium) indicates positive listing sentiment.
Key IPO Details
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IPO Open Date: July 10, 2025
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IPO Close Date: July 12, 2025
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Allotment Date: July 15, 2025
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Refunds & Demat Credit: July 16–17, 2025
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Listing Date: July 18, 2025 (NSE & BSE)
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Price Band: ₹420 – ₹445 per share
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Lot Size: 33 shares
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Minimum Investment (Retail): ₹14,685 (1 lot)
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Issue Type: Mainboard IPO
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Registrar: Link Intime India Pvt Ltd
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Lead Managers: ICICI Securities, Axis Capital, IIFL Securities
About the Company
Smartworks is a B2B-first, tech-enabled managed workspace provider with operations across 13 cities. It serves large corporations, startups, and MNCs with fully customizable office solutions. Unlike traditional coworking models, it secures long-term contracts, ensuring stable revenue and higher occupancy.
Smartworks Coworking IPO GMP Today
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The current Smartworks Coworking IPO GMP is around ₹45–₹55.
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This suggests a possible listing premium of 10–12% over the upper price band.
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The rising GMP reflects strong demand and optimistic sentiment in the grey market.
Financial Overview
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FY23 Revenue: ₹713.5 Cr
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9M FY24 Revenue: ₹635.4 Cr
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FY23 EBITDA: ₹118.2 Cr
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Net Loss (9M FY24): Narrowed to ₹22.1 Cr
Despite being in loss, the company is showing operational improvement and is EBITDA-positive, which supports investor confidence and the Smartworks Coworking IPO GMP.
Key Strengths
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Largest managed workspace operator in India
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Focus on long-term enterprise contracts
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Improved financial metrics
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High occupancy and city-wide presence
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Tech-enabled and scalable office model
Risks to Consider
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Loss-making company (though narrowing losses)
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Stiff competition from Awfis, WeWork, etc.
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Sensitive to office demand cycles
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High lease obligations and debt exposure
Final Verdict
The Smartworks Coworking IPO GMP signals positive listing expectations. With improving financials, a scalable business model, and rising demand for managed workspaces, the IPO could offer short-term listing gains and long-term potential. Investors should, however, assess risk factors and investment goals before applying.
❓FAQs – Smartworks Coworking IPO GMP
Q1. What is the GMP of Smartworks IPO today?
→ Around ₹45–₹55 per share.
Q2. What is the IPO price band?
→ ₹420 to ₹445 per share.
Q3. What’s the minimum investment for retail?
→ ₹14,685 for one lot (33 shares).
Q4. When is the listing date?
→ Expected on July 18, 2025.
Q5. Is the GMP a reliable sign of listing gains?
→ GMP is a market sentiment indicator, not a guarantee. Investors should evaluate fundamentals too.
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