The shares of Smartworks Coworking Spaces Ltd were first listed on the stock exchanges on 17 Jul 2025.
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Initial public offering of 14,321,474 equity shares of face value of Rs. 10 each (Equity Shares) of Smartworks Coworking Spaces Limited (Company) for cash at a price of Rs. 407 per equity share (including a premium of Rs. 397 per equity share) (Offer Price) aggregating to Rs. 582.56 crores^ (the Offer) comprising a fresh issue of 10,941,734 equity shares of face value of Rs. 10 each aggregating to Rs. 445.00 crores (the Fresh Issue) and an offer for sale of 3,379,740 equity shares of face value of Rs. 10 each aggregating to Rs. 137.56 crores (the Offer for Sale), consisting of an offer for sale of 490,000 equity shares of face value of Rs. 10 each aggregating to Rs. 19.94 crores by NS Niketan llp, 310,000 equity shares of face value of Rs. 10 each aggregating to Rs. 12.62 crores by SNS Infrarealty LLP and 2,579,740 equity shares of face value of Rs. 10 each aggregating to Rs. 105.00 crores by Space Solutions India Pte. Ltd. (formerly Lisbrine Pte Limited) (collectively, the Selling Shareholders and such equity shares, the Offered Shares).The offer included a reservation of 101,351 equity shares aggregating up to Rs. 3.75 crores^, for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). Pursuant to finalization of basis of allotment 88,812 equity shares were allotted to under the employee reservation portion. The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constituted 12.55% and 12.47% of its post offer paid-up equity share capital, respectively. The company, in consultation with the book running lead managers, offered a discount of up to 9.09% (equivalent of Rs.37 per equity share) to the offer price to eligible employees bidding under the employee reservation portion (Employee Discount).^ A discount of Rs.37 per equity share was offered to eligible employees bidding in the employee reservation portion.
The shares of Smartworks Coworking Spaces Ltd were first listed on the stock exchanges on 17 Jul 2025.
The total issue size of the Smartworks Coworking Spaces Ltd IPO is 582.56
The minimum lot size for Smartworks Coworking Spaces Ltd public issue was 36.00 shares.
The price band of the IPO of Smartworks Coworking Spaces Ltd was 407.00 to 0.00 per equity shares.
Smartworks Coworking Spaces Limited was originally incorporated as Smart Work Business Centre Private Limited at Kolkata as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 17, 2015, issued by the Registrar of Companies, West Bengal at Kolkata. Pursuant to a special resolution dated October 29, 2018 passed by the Shareholders, the name of the Company was changed from Smart Work Business Centre Private Limited to Smartworks Coworking Spaces Private Limited to reflect the nature of business and activities of the Company and a fresh certificate of incorporation dated December 20, 2018, was issued by the RoC. Thereafter, the Company was converted into a public limited company pursuant to a special resolution dated June 28, 2024, passed in the extraordinary general meeting of the Shareholders, and consequently the name of the Company was changed to its present name i.e., Smartworks Coworking Spaces Limited and a fresh certificate of incorporation dated July 25, 2024.
MUFG Intime India Pvt Ltd is the registrar and share transfer agent of Smartworks Coworking Spaces Ltd IPO.