Smartworks Coworking Spaces Ltd.

SMARTWORKS

Equity

NSE,BSE

Min. Investment

3,87,000.00

Open a free Demat account and invest in IPOs easily.

Download Orca

Google PlayApp Store

To access realtime data for GP Eco Solutions India Ltd. and use advance features for Applying IPO. Register or Login to Orca.

IPO Details

Bidding Dates

10 Jul 25 - 14 Jul 25

Lot Size

36

Price Range ₹

387 - 407

Exchange Status

NSE,BSE

Total Equity

0.00Cr

IPO Doc

IPO Timeline

Offer start

10 Jul 2025

Offer end

14 Jul 2025

Allotment

15 Jul 2025

Refund initiation

16 Jul 2025

Demat transfer

16 Jul 2025

Listing

17 Jul 2025

About Company

Smartworks Coworking Spaces Limited is a leading provider of fully serviced, tech-enabled managed office spaces in India, catering to mid-to-large enterprises, including MNCs, Indian corporates, and startups. Founded in 2015, the company specializes in customized workspace solutions with modern infrastructure and value-added amenities such as cafeterias, gyms, crèches, and medical centers to promote employee well-being and productivity. As of March 31, 2025, Smartworks operates across major Indian cities with 169,541 seats and 728 clients, holding four of India’s five largest leased office campuses, including the 0.7 million sq. ft. Vaishnavi Tech Park in Bengaluru. Their business model emphasizes collaboration with landlords and service partners to deliver branded, high-quality campuses, while maintaining financial efficiency and scalable operations.

Year Founded

17-12-2015

Promotor Details

Atul Gautam

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage69.190
Share Capital713998620
0

Highlights

  • Strong market presence with the ability to lease and develop large, fully serviced office campuses.
  • Focus on enterprise clients ensures higher seat utilization and stable long-term revenue.
  • Tech-enabled infrastructure and well-designed amenities improve client experience and retention.
  • Asset-light model and strategic partnerships with landlords promote capital efficiency.
  • Risk-mitigated and scalable business model supported by experienced leadership.

Challenges

  • Heavy reliance on key metro cities increases exposure to regional market fluctuations.
  • Does not own properties—dependent on landlords for lease renewals and compliance.
  • High fixed rental obligations may impact margins if client acquisition lags.
  • Legal proceedings, if adversely ruled, could disrupt business operations.
  • Saturation in the coworking space sector could increase competition and pricing pressure.
Enrich money logo