Smartworks Coworking's IPO will open on July 10, 2025, and close on July 14, 2025. This is a Book Build Issue, aiming to raise approximately ₹582.56 crores. The offer includes a fresh issue of ₹445 crores and an offer for sale of up to 3,379,740 equity shares with a face value of ₹10 each.

The IPO price band is set between ₹387 and ₹407 per share. The allocation quota is 10% for retail investors, 75% for qualified institutional buyers (QIBs), and 15% for high-net-worth individuals (HNIs). Smartworks Coworking is scheduled to list on both the BSE and NSE on July 17, 2025, with allotment expected on July 15, 2025.

Financially, the company reported a revenue of ₹1,409.67 crores in FY 2025, up from ₹1,113.11 crores in FY 2024. However, it also posted a loss of ₹63.18 crores in 2025, compared to a ₹49.96 crores loss in 2024. Based on these financials, the IPO is considered more suitable for long-term investors.

About Smartworks Coworking IPO

Smartworks Coworking Limited is a leading provider of office experiences and campus management solutions. As of March 31, 2024, the company is the largest managed campus operator among its peers in terms of total space managed, according to the CBRE Report cited in the DRHP. With a focus on serving mid to large-sized enterprises, Smartworks has built a diverse and expanding client base that includes Indian corporates, multinational companies operating in India, and startups. Its managed campus platform spans a total super built-up area of 8.00 million square feet, across 41 centers in 13 cities, including Bengaluru, Pune, Hyderabad, Gurugram, Mumbai, Noida, and Chennai.

Objects of the Issue (JNK India IPO Objectives)

• Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company.
• Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres (“Capex”)
• General corporate purposes.

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Smartworks Coworking IPO Company Financial Report

Smartworks Coworking IPO Company Financial Report