Smartworks Coworking Spaces IPO Allotment Status

How to Check Smartworks Coworking Spaces IPO Allotment Status?

Smartworks Coworking Spaces Limited, incorporated in 2015, is engaged in the business of customized managed workspace solutions, offering fully serviced, tech-enabled office environments with aesthetic designs and essential amenities to meet the specific needs of enterprises and their employees, serving mid-to-large enterprises including Indian corporates, MNCs, and startups with modern campuses featuring design, technology, and amenities like cafeterias, gyms, crèches, and medical centers for employee well-being, serving 738 clients with 152,619 seats as of March 31, 2025 and currently having 728 clients and 169,541 seats with 12,044 seats yet to be occupied, holding four of India's five largest leased centers including the 0.7 million square feet Vaishnavi Tech Park in Bengaluru, operating managed campus platform creating ecosystem of clients, landlords, employees, and service partners with 794 permanent employees as of March 31, 2025.

The Smartworks Coworking Spaces IPO comes with a total issue size of ₹582.56 crore, comprising a combination of fresh issue of 1.09 crore shares aggregating to ₹445.00 crores and offer for sale of 0.34 crore shares aggregating to ₹137.56 crores. The IPO opened on July 10, 2025, and closed on July 14, 2025. The allotment for the Smartworks Coworking Spaces IPO is expected to be finalized on Tuesday, July 15, 2025. The Smartworks Coworking Spaces share price band is set at ₹387 to ₹407 per share.

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Steps to Check Smartworks Coworking Spaces IPO Allotment Status on Registrar Site

• Visit the MUFG Intime India Private Limited (Link Intime) website
• Select "Smartworks Coworking Spaces IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Smartworks Coworking Spaces IPO Allotment Status on BSE SME

• Navigate to the BSE IPO Allotment Status Page
• Choose "Smartworks Coworking Spaces IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Smartworks Coworking Spaces IPO Subscription Status

Smartworks Coworking Spaces IPO received strong investor interest, being subscribed 13.92 times overall. The subscription showed good confidence across categories in the Smartworks Coworking Spaces stock price potential. Here is a category-wise breakdown of the subscription as of 5:04:34 PM on July 14, 2025:

• Retail Category: 3.69 times
• Non-Institutional Investors (NII): 23.68 times
• QIB Category: 24.92 times
• Employee Category: 2.51 times

Smartworks Coworking Spaces Share Price and Investment Details

The Smartworks Coworking Spaces stock price band is set at ₹387 to ₹407 per share with a minimum lot size of 36 shares. The minimum investment required for retail investors is ₹14,652 for 1 lot (36 shares), while sNII investors need to invest a minimum of ₹2,05,128 for 14 lots (504 shares) and bNII investors need ₹10,10,988 for 69 lots (2,484 shares).

The issue includes a reservation of up to 1,01,351 shares for employees offered at a discount of ₹37.00 to the issue price. Given the strong subscription response of 13.92 times overall, with QIB category being oversubscribed at 24.92 times, NII at 23.68 times, while retail category showed moderate response at 3.69 times, the Smartworks Coworking Spaces share price is expected to list with moderate to good premium.

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Repayment of Borrowings: ₹114.00 crore
• Capital Expenditure for Fit-outs and Security Deposits: ₹225.84 crore
• General Corporate Purposes: Remaining amount

Business Overview

The company operates in customized managed workspace solutions having been in this business since 2015, providing fully serviced, tech-enabled office environments for mid-to-large enterprises including Indian corporates, MNCs, and startups. Smartworks Coworking Spaces operates primarily in the managed workspace sector, providing market leadership backed by scale and steady growth, ability to lease and transform entire properties into amenities rich campuses, focus on acquiring Enterprise Clients with higher seat requirements, execution capabilities backed by cost efficiencies and technology infrastructure, financial acumen resulting in capital efficiency, and risk-mitigating strategy allowing financially stable business model with comprehensive ecosystem serving clients, landlords, employees, and service partners.