Overview

• The IPO was subscribed 1.15 times overall by mid-morning of July 11, driven by strong non-institutional (1.79×) and retail (1.18×) interest while QIB bids remain at 0.63×
• Smartworks is raising a total of ₹582.56 crore through a ₹445 crore fresh issue and a ₹137.56 crore offer-for-sale at a price band of ₹387–₹407 per share
• Anchor investors committed ₹173.64 crore by acquiring 42.66 lakh shares at the ₹407 cap, underscoring early institutional support
• Proceeds will be allocated to repaying ₹114 crore of debt, funding centre fit-outs and security deposits, and covering general corporate needs
• The subscription window closes on July 14, with basis of allotment due July 15 and a proposed listing on BSE and NSE on July 17