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Smartworks Coworking Ipo


Objects of the Issue

  • Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company.

  • Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres (“Capex”)

  • General corporate purposes.

Smartworks Coworking IPO Review

  • IPO Watch – May Apply

  • Canara Bank –

  • DRChoksey FinServ –

  • Emkay Global –

  • Hem Securities –

  • IDBI Capital –

  • Marwadi Shares –

  • Nirmal Bang –

  • SBICAP Securities –

  • Sharekhan –

  • SMC Global –

  • Sushil Finance –

  • Swastika Investmart –

  • Ventura Securities –

  • Geojit –

  • Reliance Securities –

  • Capital Market –

  • BP Wealth –

  • ICICIdirect –

  • Choice Broking –

IPO Lead Managers aka Merchant Bankers

  • JM Financial Limited

  • BOB Capital Markets Limited

  • IIFL Securities Limited

  • Kotak Mahindra Capital Company Limited

Application Lot Size Shares Amount
Retail Minimum 1 36 ₹14,652
Retail Maximum 13 468 ₹1,90,476
S-HNI Minimum 14 504 ₹2,05,128
B-HNI Minimum 69 2,484 ₹10,10,988

IPO Open Date: July 10, 2025
IPO Close Date: July 14, 2025
Basis of Allotment: July 15, 2025
Refunds: July 16, 2025
Credit to Demat Account: July 16, 2025
IPO Listing Date: July 17, 2025

Period Ended Revenue Expense Profit After Tax Assets
2023 ₹744.07 ₹880.30 ₹101.05 ₹4,473.50
2024 ₹1,113.11 ₹1180.73 ₹49.96 ₹4,147.08
2025 ₹1,409.67 ₹1489.13 ₹63.18 ₹4,650.85

KPI Values
ROE: -%
ROCE: 42.30%
EBITDA Margin: 62.39%
PAT Margin: -%
Debt to equity ratio: 2.90
Earning Per Share (EPS): ₹(6.18) (Basic)
Price/Earning P/E Ratio: N/A
Return on Net Worth (RoNW): (58.76)%
Net Asset Value (NAV): ₹10.55

Company EPS PE Ratio RoNW % NAV Income
Awfis Space Solutions Limited 9.75 63.18 14.78 65.97 1,207.54 Cr.

IPO Open Date: July 10, 2025
IPO Close Date: July 14, 2025
Face Value: ₹10 Per Equity Share
IPO Price Band: ₹387 to ₹407 Per Share
Issue Size: Approx ₹582.56 Crores
Fresh Issue: Approx ₹445 Crores
Offer for Sale: Approx 3,379,740 Equity Shares
Issue Type: Book Build Issue
IPO Listing: BSE & NSE
Retail Quota: Not more than 10%
QIB Quota: Not more than 75%
NII Quota: Not more than 15%
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here
Anchor Investors List: Click Here

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