Smartworks Coworking Areas IPO: The preliminary public providing (IPO) of Smartworks Coworking Areas (SCS) is about to open on July 10, 2025, and can stay open for subscription till Monday, July 14. The corporate goals to lift Rs 582.56 crore for capital expenditure on fit-outs for brand new centres, present safety deposits, repay loans, and canopy common company bills. The IPO shall be performed via the book-building route.
The problem consists of a contemporary difficulty of 1.09 crore fairness shares, amounting to Rs 445 crore, and a proposal on the market (OFS) of 0.34 crore shares, aggregating to Rs 137.56 crore.
The contemporary difficulty measurement has been revised downward from the sooner deliberate Rs 550 crore, whereas the OFS has been lowered to 33.79 lakh shares from 67.59 lakh shares.
The worth band for the difficulty has been set between Rs 387 and Rs 407 per share. Retail traders can apply for a minimal lot measurement of 36 shares, which requires a minimal funding of Rs 13,932. On the higher finish of the value band, the corporate’s market capitalisation is estimated to be round Rs 4,645 crore.
Utilisation of proceeds
Rs 226 crore for capital expenditure associated to fit-outs and safety deposits for brand new centres
Rs 114 crore for mortgage compensation, and the remaining quantity for common company functions.
IPO allocation construction
The IPO allocation is structured as follows:
50 per cent reserved for QIBs
35 per cent for retailers
15 per cent for NIIs
Smartworks Coworking Areas: BRLMs, registrar particulars
The IPO is being managed by JM Monetary, BOB Capital Markets, IIFL Securities, and Kotak Mahindra Capital Firm, whereas MUFG Intime India Personal appointed as registrar.About Smartworks Coworking Areas
About SCS
Smartworks Coworking Areas is a number one supplier of workplace areas and managed campuses. The corporate leases giant, bare-shell properties in key city areas and transforms them into fashionable, totally serviced, and tech-enabled campuses. These areas embrace facilities corresponding to cafeterias, gyms, sports activities zones, and medical centres. It has a robust presence in cities together with Bengaluru, the Mumbai Metropolitan Area, Hyderabad, Gurugram, and Chennai.
