Smartworks Coworking Spaces Limited (Mainboard)
July 10, 2025 – July 14, 2025
| Price | ₹0 - ₹0 |
| Premium | ₹0 |
|---|---|
| Lot size | 0 |
| Allotment | Jul 15, 2025 |
| Listing | Jul 17, 2025 |
About
IPO Details
| Total Issue Size | * Equity Shares aggregating up to *crore. |
| Fresh Issue Size | * Equity Shares aggregating up to 445 crore. |
| Offer For Sale | 3,379,740 Equity Shares aggregating up to * crore. |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE,NSE |
| Share holding pre issue | 83,579,194 Equity Shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Key Performance Indicators
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 42.3 | 28.12% | 11.90% |
| RONW | -58.76 | -99.90% | -321.13% |
| EPS(basic) | -6.18 | -5.18 | -10.57 |
Financial Details In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 4,650.85 | 4,147.10 | 4,473.50 |
| Revenue | 1,409.67 | 1,113.10 | 744.1 |
| Profit After Tax | -62.8 | -49.8 | -101 |
| Net Worth | 107.5 | 50 | 31.5 |
| Reserves and Surplus | 4.7 | -29 | -46.2 |
| Total Borrowing | 397.8 | 427.4 | 515.4 |
Company overview
Incorporated: 2015
Business: Provides customized, fully serviced, tech-enabled managed office spaces for mid-to-large enterprises, MNCs, startups, and Indian corporates.
Scale of Operations (as of March 31, 2024):
Leased Space: 8 million sq. ft.
Clients: 618
Seats Offered: 149,660 (8,691 unoccupied)
Notable Asset: Vaishnavi Tech Park, Bengaluru – 0.7 million sq. ft.
Employees: 651 permanent
Business Model:
Clients: Customizable workspaces with tech and wellness amenities
Landlords: Transforms properties into Smartworks campuses with long-term lease/rental assurance
Employees of Clients: Wellness-focused spaces with cafeterias, gyms, crèches, medical centers
Service Partners: Collaboration with brands like Chaipoint & ClearTax for added value
Strength
Market Leadership & Scale: Among the largest managed workspace providers with 8 million sq. ft. under management.
Campus Transformation Capability: Expertise in leasing and converting large properties into branded, amenity-rich Smartworks campuses.
Enterprise-Focused Growth: Strong client base of large and mid-sized enterprises with high seat demand, ensuring long-term scalability.
Weakness
Geographical Concentration: 80%+ of rental revenue comes from Pune, Bangalore, Hyderabad, and Mumbai—exposing the business to regional risks.
Client Dependence: Heavy reliance on large clients with 300+ seat requirements; loss of such clients could impact cash flow and operations.
Location & Lease Acquisition Risk: Business success depends on securing the right properties at favorable terms; failure may hurt growth and profitability.
Lead Manager(s)
Address
Smartworks Coworking Spaces Limited
Unit No. 305-310,
Plot No 9, 10 and 11, Vardhman Trade Centre,
Nehru Place, South Delhi,
Delhi, New Delhi, 110019
Phone: +91 83840 62876
Email: companysecretary@sworks.co.in
Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083