On the constructive facet, the Smartworks Coworking boasts a major presence with 50 facilities throughout 15 cities, providing a considerable capability of two.03 lakh seats. A big portion of its rental income, particularly 75.19%, is concentrated in key metropolitan areas like Pune, Bengaluru, Hyderabad, and Mumbai. Moreover, Smartworks is actively increasing, with extra facilities deliberate for Pune, Kolkata, and Mumbai, aiming to extend its capability by 20%.
Nonetheless, there are additionally some potential negatives for buyers to contemplate. The IPO pricing seems costly, particularly when in comparison with a preferential allotment in June 2024 at Rs 269 per share. In contrast to a few of its friends akin to Awfis, Smartworks operates on an expense-centric enterprise mannequin. The corporate has additionally reported losses for the final three consecutive years. Whereas the typical tenure of purchasers stands at an honest 45 months, suggesting some consumer stickiness, the general monetary efficiency and pricing technique warrant cautious consideration.
