Smartworks Coworking IPO GMP Today | Key IPO Insights – 2025
Smartworks Coworking Spaces Ltd, India’s largest managed office space provider, has launched its IPO worth ₹582.56 crores, creating a buzz in the market. The issue comprises a fresh issue of ₹445 crores and an offer for sale of ₹137.56 crores.
The IPO has attracted attention due to strong fundamentals, and the Smartworks Coworking IPO GMP (Grey Market Premium) indicates positive listing sentiment.
Key IPO Details
IPO Open Date: July 10, 2025
IPO Close Date: July 12, 2025
Allotment Date: July 15, 2025
Refunds & Demat Credit: July 16–17, 2025
Listing Date: July 18, 2025 (NSE & BSE)
Price Band: ₹420 – ₹445 per share
Lot Size: 33 shares
Minimum Investment (Retail): ₹14,685 (1 lot)
Issue Type: Mainboard IPO
Registrar: Link Intime India Pvt Ltd
Lead Managers: ICICI Securities, Axis Capital, IIFL Securities
About the Company
Smartworks is a B2B-first, tech-enabled managed workspace provider with operations across 13 cities. It serves large corporations, startups, and MNCs with fully customizable office solutions. Unlike traditional coworking models, it secures long-term contracts, ensuring stable revenue and higher occupancy.
Smartworks Coworking IPO GMP Today
The current Smartworks Coworking IPO GMP is around ₹45–₹55.
This suggests a possible listing premium of 10–12% over the upper price band.
The rising GMP reflects strong demand and optimistic sentiment in the grey market.
Financial Overview
FY23 Revenue: ₹713.5 Cr
9M FY24 Revenue: ₹635.4 Cr
FY23 EBITDA: ₹118.2 Cr
Net Loss (9M FY24): Narrowed to ₹22.1 Cr
Despite being in loss, the company is showing operational improvement and is EBITDA-positive, which supports investor confidence and the Smartworks Coworking IPO GMP.
Key Strengths
Largest managed workspace operator in India
Focus on long-term enterprise contracts
Improved financial metrics
High occupancy and city-wide presence
Tech-enabled and scalable office model
Risks to Consider
Loss-making company (though narrowing losses)
Stiff competition from Awfis, WeWork, etc.
Sensitive to office demand cycles
High lease obligations and debt exposure
Final Verdict
The Smartworks Coworking IPO GMP signals positive listing expectations. With improving financials, a scalable business model, and rising demand for managed workspaces, the IPO could offer short-term listing gains and long-term potential. Investors should, however, assess risk factors and investment goals before applying.
❓FAQs – Smartworks Coworking IPO GMP
Q1. What is the GMP of Smartworks IPO today?
→ Around ₹45–₹55 per share.
Q2. What is the IPO price band?
→ ₹420 to ₹445 per share.
Q3. What’s the minimum investment for retail?
→ ₹14,685 for one lot (33 shares).
Q4. When is the listing date?
→ Expected on July 18, 2025.
Q5. Is the GMP a reliable sign of listing gains?
→ GMP is a market sentiment indicator, not a guarantee. Investors should evaluate fundamentals too.