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07/07/2025 16:40

Smartworks Coworking announces launch of initial public offering

Smartworks Coworking Spaces Ltd. has announced public offering of 14313402 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 397.00 per share. The gross proceeds of the issue are expected to be Rs 58,255.55 lakhs.

The company's initial public offer (IPO) will open on 10 July 2025 and is expected to close on 14 July 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 387.00-407.00 per share.

The IPO includes a fresh Issue of 14313402 Equity Shares of the Company at an price of Rs 407.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 36 shares with bids in multiples of 36.

Smartworks Coworking Spaces Ltd. anticipates using the proceeds of the issue for .

Kotak Mahindra Capital Company Limited,JM Financial Ltd.,IIFL Capital Services Limited,BOB Capital Markets Ltd. as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.