Overview

• The offering comprised a fresh issue of ₹445 crore and an offer-for-sale of ₹137.56 crore within a ₹387–407 price band.
• Smartworks’s IPO was oversubscribed 13.45 times overall, led by Qualified Institutional Buyers at 24.41x and Non-Institutional Investors at 22.78x.
• Shares opened at ₹436.10 on the BSE and ₹435 on the NSE, marking roughly a 7% premium over the ₹407 issue price.
• Proceeds are earmarked for centre fit-outs, security deposits, debt repayment and general corporate purposes.
• Founded in 2015 and based in New Delhi, Smartworks provides fully serviced, tech-enabled managed workspaces for enterprise clients.