IPO Corner: Smartworks Coworking Spaces Limited

Smartworks Coworking Spaces Limited, proposes to open the Bid in relation to its initial public offer of the Equity Shares on Thursday, July 10, 2025. The Total Offer Size comprises a fresh issue of number of Equity Shares by the Company aggregating up to ₹4,450 million and offer for sale of up to 3,379,740 Equity Shares by certain existing shareholders of the Company. The Price Band of the Offer has been fixed at ₹387 to ₹407 per Equity Share. Bids can be made for a minimum of 36 Equity Shares and in multiples of 36 Equity Shares thereafter.

• Issue Opens: July 10, 2025
• Issue Closes: July 14, 2025
• Face Value: Rs 10 each
• Price Band: Rs 387 – 407 per share
• Lot Size: 36 Shares

The Company proposes to utilise the Net Proceeds towards repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by the Company to the extent of ₹1,140 million, capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres to the extent of ₹2,258.40 million and balance amount towards general corporate purpose.

The Offer for Sale comprises up to 490,000 Equity Shares by NS Niketan LLP, up to 310,000 Equity Shares by SNS Infrarealty LLP and up to 2,579,740 Equity Shares by Space Solutions India Pte. Ltd. (formerly Lisbrine Pte Limited). The Equity Shares to be offered through are proposed to be listed on the stock exchanges being BSE and National Stock Exchange. For the purposes of the Offer, NSE is the Designated Stock Exchange.