Smartworks Coworking Spaces IPO Subscribed 13.92 Times on Final Day

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Last Updated: 14th July 2025 - 06:20 pm

3 min read

Smartworks Coworking Spaces' initial public offering (IPO) has demonstrated robust investor demand through its third and final day of subscription, with Smartworks Coworking Spaces' stock price set at ₹407 per share reflecting positive market reception. The ₹582.56 crore IPO reached 13.92 times by 5:04:34 PM on day three, indicating solid investor interest in this managed workspace solutions provider incorporated in 2015.

Smartworks Coworking Spaces IPO qualified institutional buyers segment leads with strong 24.92 times subscription, whilst non-institutional investors demonstrate robust participation at 23.68 times and retail investors show measured interest at 3.69 times, reflecting institutional confidence in this company.

Smartworks Coworking Spaces IPO subscription reached 13.92 times on day three, led by QIB (24.92x), NII (23.68x), and Retail Investors (3.69x). Total applications reached 4,52,618.

Subscription Status of Smartworks Coworking Spaces IPO:

Date QIB NII  Retail Total
Day 1 (July 10) 0.00 1.04 0.60 0.52
Day 2 (July 11) 0.64 1.86 1.23 1.20
Day 3 (July 14) 24.92 23.68 3.69 13.92

Here are the subscription details for Smartworks Coworking Spaces IPO as of Day 3 (July 14, 2025, 5:04:34 PM):

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
Anchor Investors 1.00 42,66,378 42,66,378 173.64
Qualified Institutions 24.92 28,44,254 7,08,75,864 2,884.65
Non-Institutional Buyers 23.68 21,33,190 5,05,06,848 2,055.63
Individual Investors 3.69 49,77,442 1,83,80,880 748.10
Total** 13.92 1,00,56,237 14,00,18,436 5,698.75

Key Highlights - Day 3:

  • Overall subscription reaching solid 13.92 times, a dramatic surge from day two's 1.20 times
  • QIB segment leading with strong demand at 24.92 times, substantially building from day two's 0.64 times
  • NII segment demonstrating robust participation at 23.68 times, significantly increasing from day two's 1.86 times
  • bNII category showing exceptional participation at 28.21 times, reflecting strong high-net-worth investor appetite
  • Retail investors showing measured interest at 3.69 times, building from day two's 1.23 times
  • Employee segment showing moderate participation at 2.51 times despite ₹37 discount offered
  • sNII category displaying solid interest at 14.62 times, indicating broad-based smaller HNI participation
  • Final day witnessed substantial institutional and HNI momentum
  • Total applications reached 4,52,618, indicating significant investor participation for this mainboard IPO
  • Cumulative bid amount reached ₹5,698.75 crores against the issue size of ₹582.56 crores
     

 

Key Highlights - Day 2:

  • Overall subscription reaching modest 1.20 times, improving from day one's 0.52 times
  • NII segment leading with limited demand at 1.86 times, building from day one's 1.04 times
  • bNII category showing moderate participation at 2.02 times, indicating measured high-net-worth interest
  • Retail investors demonstrating cautious interest at 1.23 times, improving from day one's 0.60 times
  • QIB segment showing underwhelming participation at 0.64 times, building from day one's minimal response
  • Employee segment showing moderate participation at 1.07 times despite ₹37 discount offered
  • sNII category displaying measured interest at 1.55 times, reflecting careful smaller HNI approach
  • Total applications reached 1,42,031, indicating restrained investor participation for this mainboard IPO
  • Cumulative bid amount reached ₹489.76 crores against the issue size of ₹582.56 crores

 

Smartworks Coworking Spaces IPO - Day 2 Subscription at 1.20 Times

Key Highlights - Day 2:

  • Overall subscription improving to 1.20 times from day one's 0.52 times
  • NII segment demonstrating steady growth at 1.86 times, building from day one's 1.04 times
  • Retail investors showing gradual progress at 1.23 times, improving from day one's 0.60 times
  • QIB segment showing measured improvement at 0.64 times, building from day one's minimal response
  • Employee segment displaying steady interest at 1.07 times with discount benefit

 

Smartworks Coworking Spaces IPO - Day 1 Subscription at 0.52 Times

Key Highlights - Day 1:

  • Overall subscription opening cautiously at 0.52 times, showing limited initial investor interest
  • NII segment leading early participation at 1.04 times, indicating modest high-net-worth sentiment
  • Retail investors showing restrained early interest at 0.60 times, reflecting wait-and-watch approach
  • QIB segment showing minimal early participation at 0.00 times, reflecting initial institutional caution
  • bNII category demonstrating early interest at 1.24 times, whilst sNII remained subdued at 0.64 times

 

About Smartworks Coworking Spaces Limited

Incorporated in 2015, Smartworks Coworking Spaces Limited is engaged in the business of customised 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. The company serves mid-to-large enterprises, including Indian corporates, MNCs, and startups, offering modern campuses with design, technology, and amenities like cafeterias, gyms, crèches, and medical centres for employee well-being. As of March 2025, the company served 738 clients with 152,619 seats across key Indian cities, employing 794 permanent personnel as of March 2025.

 

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