The IPO comprises a fresh issue of ₹445 crore and an offer for sale of ₹137.56 crore.
Smartworks Launches ₹582.56 Cr IPO, Opens July 10
Mumbai: Delhi-based Smartworks Coworking Spaces, an office space rental solution platform, has announced a ₹582.56 crore initial public offering (IPO) in the price band of ₹387 to ₹407 per equity share of ₹10 face value.
The IPO comprises a fresh issue of ₹445 crore and an offer for sale of ₹137.56 crore. The public offer opens on Thursday, July 10, and closes on Monday, July 14, 2025. Anchor investor bidding will open and close on Wednesday, July 9, 2025.
The company proposes to utilise the net proceeds for the repayment of certain outstanding borrowings amounting to ₹114 crore, capital expenditure for fit-outs in new centres, and security deposits for new centres amounting to ₹225.84 crore. The remaining funds will be used for general corporate purposes.
