Are Banks Open Or Closed on Saturday, July 19?
19 Jul 2025
Smartworks Coworking Spaces enjoyed a successful market entry on July 17th, its stock opening with a significant premium on both the NSE and BSE. The shares listed at ₹435 on the NSE, a 7% jump from the IPO price of ₹407, and ₹436 on the BSE, a 7.15% increase. This positive momentum continued throughout the day, reaching a high of ₹469 – a remarkable 15.23% above the IPO price.
Analyst Perspective: While the initial gains were modest, analysts express confidence in Smartworks' long-term potential. Shivani Nyati, Head of Wealth at Swastika Investmart Ltd., described the debut as "quiet, in-line-to-positive," highlighting the company's revenue growth and successful focus on long-term contracts with multinational corporations. Nyati suggests that informed investors might consider a medium-to-long-term investment, while others may choose to secure profits early.
Smartworks operates as a leading managed campus platform, boasting the largest managed campus footprint among its competitors. As of March 31st, 2024, it managed 8.00 million square feet of leased and managed super built-up area (SBA), encompassing 41 centers across 13 major Indian cities including Bengaluru, Pune, Hyderabad, Gurugram, Mumbai, Noida, and Chennai. This translates to a total seating capacity of 182,228.
Financial Performance: Smartworks reported a revenue of ₹1,409.67 crore in FY25, showcasing substantial growth from ₹1,113 crore in FY24 and ₹744 crore in FY23. However, the company also reported net losses over the past three fiscal years, though these losses have been narrowing.
Key Revenue Streams: Smartworks' revenue is primarily derived from lease rentals, ancillary services, and software fees.
Note: While Smartworks' IPO debut indicates market confidence, investors are advised to conduct thorough due diligence before making any investment decisions. The company's historical net losses should be carefully considered in assessing the long-term risk and reward.
