Smartworks Coworking Spaces IPO GMP, Open Date, Price Band, Allotment Status

Smartworks Coworking Spaces IPO open date is expected by the last week of December or by the first week of January 2025. This new IPO is a book-built issue of Rs 550 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 550 crore and OFS is of 67,59,480 equity shares.

Smartworks Coworking Spaces IPO price band expected to be around Rs 195. As of now, Smartworks Coworking Spaces IPO GMP quotation is 0 not yet started.

Smartworks Coworking Spaces IPO allotment date expected in the first week of January 2025. The lot size details are yet to be announced. The minimum investment for the retail investors for 1 lot is Rs 14,900. The registrar for Smartworks Coworking Spaces IPO is Link Intime India Limited. The listing date is also expected in the first week of January 2025.

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Smartworks Coworking Spaces IPO GMP

Smartworks Coworking Spaces IPO GMP quotation is 0 not yet started. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Smartworks Coworking Spaces IPO GMP might rise in the coming days.

Smartworks Coworking Spaces IPO Price Band

Smartworks Coworking Spaces IPO price band expected is around Rs 195 per share. The final price band and lot size details are yet to be finalised. The minimum amount of investment for the retail category is to be around Rs 14,900 and for small NII minimum investment is to be around Rs 2,09,300. The minimum investment for the Big NII is to be around Rs 10,01,500.

Smartworks Coworking Spaces IPO Open Date, Close Date

Smartworks Coworking Spaces IPO open date is expected by the last week of December or by the first week of January 2025. However, these dates are tentative as per the information available from the market sources and can be changed in future.

Smartworks Coworking Spaces IPO Allotment Status

Smartworks Coworking Spaces IPO allotment status is expected to be finalized in the first week of January 2025. The listing will be on the BSE and NSE platforms in the first week of January 2025. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Smartworks Coworking Spaces IPO Listing Date

Smartworks Coworking Spaces IPO's listing date is expected in the first week of January 2025. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Smartworks Coworking Spaces IPO: Listing Date, Lot Size, Price Band

Smartworks Coworking Spaces IPO  Limited: About the Company

Smartworks Coworking Spaces Limited was founded in 2015, is a leading provider of coworking spaces catering to businesses of all sizes.The company is established to redefine modern workspaces. It offers fully serviced offices equipped with technology, furniture and customised solutions to meet the customer needs.

Smartworks focuses on productivity and collaboration, providing services with high speed internet, meeting rooms and breakout areas. The company focuses on employee well being through wellness programs and community building events.

The company has a presence across major cities in India, Smartworks targets new startups, SMEs and company’s looks cost effective and dynamic work environment.

Smartworks Coworking Spaces IPO Objectives

The funds raised from the Smartworks Coworking Spaces IPO will be used for the repayment of the past outstanding borrowings. Also, the funds will be used for the capital expenditure for the expansion of the business. The remaining funds will be used for the general corporate purposes.

Smartworks Coworking Spaces IPO: Key Dates, Allotment, Listing Date

Smartworks Coworking Spaces IPO Subscription Details, IPO Reservation

Smartworks Coworking Spaces IPO subscription details will be available after the IPO opens in the last week of 2025. In the QIB category 75% of the net offer is reserved. The remaining 10% is reserved for the retail investors and 15% is for Non-Institutional investors.

Smartworks Coworking Spaces IPO Lot Size Details

Smartworks Coworking Spaces IPO lot size is yet to be announced. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,900 and the maximum is 13 lots, amounting to be around Rs 1,94,324. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,09,272.

Smartworks Coworking Spaces IPO Promoter Holdings

Smartworks Coworking Spaces IPO promoters are Neetish Sarda, Harsh Binani. The promoters' shareholdings before the IPO were 69.2%; however, after the IPO, shareholdings will decline.

Smartworks Coworking Spaces IPO Registrar

Smartworks Coworking Spaces IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Smartworks Coworking Spaces IPO Lead Managers

Smartworks Coworking Spaces IPO lead managers are JM Financial, BOB capital markets, IIFL Securities Limited, Kotak Mahindra Capital Company Limited.

How to apply to Smartworks Coworking Spaces IPO

Interested investors can apply to the Smartworks Coworking Spaces IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Smartworks Coworking Spaces IPO Review

Smartworks Coworking Spaces IPO may get a positive response from the general public. The company is involved in the coworking office spaces business. So, investors interested in the real estate sector can apply to this IPO.

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Smartworks Coworking Spaces IPO GMP will also rise.

Smartworks Coworking Spaces IPO FAQ

1. What are the details of the Smartworks Coworking Spaces IPO?

Smartworks Coworking Spaces IPO is a book-built issue of Rs 550 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 550 crore and OFS is of 67,59,480 equity shares.

2. When will the Smartworks Coworking Spaces IPO open and close?

Smartworks Coworking Spaces IPO open date is expected by the last week of December or by the first week of January 2025. However, these dates are tentative as per the information available from the market sources and can be changed in future.

3. What is Smartworks Coworking Spaces IPO GMP?

Smartworks Coworking Spaces IPO GMP quotation is 0 not yet started. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Smartworks Coworking Spaces IPO GMP might rise in the coming days.

4. What are the details of Smartworks Coworking Spaces IPO reservation?

Smartworks Coworking Spaces IPO subscription details will be available after the IPO opens in the last week of 2025. In the QIB category 75% of the net offer is reserved. The remaining 10% is reserved for the retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Smartworks Coworking Spaces IPO allotment status is expected to be finalized in the first week of January 2025. The listing will be on the BSE and NSE platforms in the first week of January 2025. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Smartworks Coworking Spaces IPO?

Smartworks Coworking Spaces IPO's registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.

The lead managers are JM Financial, BOB capital markets, IIFL Securities Limited, Kotak Mahindra Capital Company Limited.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?