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Smartworks Coworking Spaces IPO Day 1: Issue subscribed 50% – Check key details

Smartworks Coworking Spaces IPO Latest News: The three-day subscription for the initial public offering (IPO) of Smartworks Coworking Spaces Limited has opened today (Thursday, July 10).

MUFG Intime India Private Limited is the registrar for Smartworks Coworking Spaces IPO.

Smartworks Coworking Spaces IPO: The three-day subscription for the initial public offering (IPO) of Smartworks Coworking Spaces Limited has opened today (Thursday, July 10). The Smartworks Coworking Spaces IPO subscription will close on July 14 (Monday). Gurugram-based Smartworks, one of the leading managed flexible office space providers, currently has 48 operational co-working centres with over 1.9 lakh seating capacities.

Smartworks Coworking Spaces IPO Subscription

The initial public offer of Smartworks Coworking Spaces Ltd got subscribed 50 per cent on the first day of share sale. According to NSE data, IPO received bids for 52,21,188 shares against 1,04,01,828 shares on offer. The portion for non-institutional investors got fully subscribed, while the quota for Retail Individual Investors (RIIs) garnered 57 per cent subscription.

Smartworks Coworking Spaces IPO Price Band

Smartworks Coworking Spaces IPO has fixed the price band at Rs 387 to Rs 407 per equity share.

Smartworks Coworking Spaces IPO Registrar

MUFG Intime India Private Limited is the registrar for Smartworks Coworking Spaces IPO.

Smartworks Coworking Spaces IPO Face Value, Tick Size

The face value and tick size of Smartworks Coworking Spaces IPO is RS 10 and Re 1, respectively.

Smartworks Coworking Spaces IPO Allotment Date

According to the details available, the Smartworks Coworking Spaces IPO will be finalised on July 15.

Smartworks Coworking Spaces IPO Listing Date

Smartworks Coworking Spaces Limited’s shares are proposed to be listed on NSE, and BSE. The listing will likely take place on July 17.

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Smartworks Coworking Spaces IPO Book Running Lead Managers

JM Financial Limited, BOB Capital Markets Limited, IIFL Capital Services Limited are the book running lead managers for Smartworks Coworking Spaces IPO.

Smartworks Coworking Spaces IPO Sponsor Banks

Kotak Mahindra Bank Limited and HDFC Bank Limited are the Smartworks Coworking Spaces IPO.

About Smartworks Coworking Spaces Limited

Smartworks takes on lease office spaces from landlords and then sub-leases the areas to corporates. It has an operational portfolio of 8.31 million square feet area while 0.7 million square feet is under fit-outs. The company has taken on lease another 1.7 million square feet area from landlords, but it has not obtained possession to set up the centres. The total portfolio will cross 10 million square feet, including spaces under fit-outs and signed.

(With inputs from PTI)