The IPO, which ran from July 10 to July 14, comprised a recent challenge value Rs 445 crore and a suggestion on the market (OFS) of Rs 137.56 crore. The corporate priced its shares within the vary of Rs 387 to Rs 407 apiece. Regardless of cautious market circumstances, the problem noticed stable curiosity, getting subscribed 13.92 occasions general.
Institutional demand led the momentum, with the QIB portion booked 24.92 occasions, whereas high-net-worth people (HNIs) subscribed 23.68 occasions. Retail investor curiosity got here in at 3.69 occasions and the worker quota at 2.51 occasions. The corporate additionally mobilized Rs 173.64 crore from anchor traders forward of the problem.
The place to examine allotment standing
Buyers can confirm their allotment standing through:
Hyperlink Intime web site (https://linkintime.co.in/initial_offer/public-issues.html)
Choose ‘Smartworks Coworking Areas’ from the dropdown
Enter PAN, Utility Quantity, or DP/Shopper ID
Click on ‘Search’BSE web site (https://www.bseindia.com/traders/appli_check.aspx)
Select ‘Fairness’ below challenge kind
Choose ‘Smartworks Coworking’ from dropdown
Enter PAN and software quantity
GMP and itemizing particulars
Based on sources within the gray market, the GMP stands at Rs 16, implying a modest itemizing premium of round 4% over the higher worth band. The corporate is scheduled to debut on the BSE and NSE on July 17.
Refunds might be initiated on July 16, and shares might be credited to demat accounts the identical day.
Concerning the firm
Based in 2015, Smartworks affords custom-made managed workplace areas to massive and mid-sized enterprises. It operates throughout 14 cities, serving over 728 shoppers with almost 1.7 lakh seats.
Regardless of web losses, the agency posted EBITDA of Rs 857 crore in FY25, with analysts pointing to operational effectivity and powerful shopper retention as positives.
(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t signify the views of the Financial Occasions)
