• By Shreyansh Mangla
  • Thu, 17 Jul 2025 01:11 PM (IST)
  • Source:JND
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Smartworks Coworking Spaces, a provider of technologically advanced and shared working environments, began trading its IPO shares on July 17, 2025, on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The company's IPO demonstrated strong demand and confidence from the outset, listing at a premium of approximately 7 per cent over its initial price.

Smartworks Coworking Strong Debut Performance

While grey market projections anticipated a premium of about 6 per cent over the initial public offering, Smartworks shares performed even better on their debut. The premiums were around 7 per cent, with a specific listing premium of 6.88 per cent on the NSE and 7.15 per cent on the BSE.

On the NSE, shares opened at Rs 435, reflecting a 6.88 per cent premium, and on the BSE, they debuted at Rs 435.10, a 7.15 per cent premium.

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Smartworks Coworking IPO Details and Investor Interest

The IPO aimed to raise approximately Rs 583 crore and was open for subscription from July 10-14, with a price band of Rs 387 to Rs 407 per share. Investors showed significant interest, leading to an exceptional demand with the IPO being subscribed 13.45 times. The company also secured Rs 173.64 crore from anchor investors prior to the public offering.

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Smartworks Coworking: Company Overview and Future Plans

Smartworks is a leading operator of shared office spaces, managing 8.99 million square feet of leased and managed office spaces as of March 31, 2024. Its extensive network includes 48 coworking centers with over 1.9 lakh seating spaces for coworkers. The funds raised from this IPO are earmarked for debt repayment and further business expansion.

As a "new-gen unicorn", Smartworks has demonstrated impressive growth in recent years, outpacing its competitors in the market. According to PTI sources, some investors may consider holding these shares for the long term, depending on their risk tolerance and profit expectations.