Coworking spaces operated by Smartworks report significant profits, exceeding 9% in listings.
**Smartworks Coworking Spaces Debuts Strongly in Market**
Smartworks Coworking Spaces, a leading player in the office experiences and managed campuses sector, made a promising debut in the stock market this week. The company's Initial Public Offering (IPO) was subscribed an impressive 13.45 times, with the shares listing on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) with a premium.
Launched between July 10 and July 14, 2025, the IPO had a price range of ₹387 to ₹407 per share. The shares listed on the NSE on July 17 at ₹435, marking a 6.88% premium, while on the BSE, they listed at ₹436.10, a 7.15% premium.
The QIB portion was subscribed 24.92 times, followed by NIIs at 23.68 times, retail investors at 3.69 times, and employees at 2.51 times. The employee quota was allocated with a discount of ₹37 per share.
The IPO mobilised ₹173.64 crore from anchor investors before its launch. Shares of Smartworks Coworking Spaces closed at ₹445 on Thursday, over 9% higher than the IPO price of ₹407. As of NSE data, the company's market valuation stands at ₹5,221.51 crore.
Analysts are optimistic about the company's future. Shivani Nyati, Head of Wealth at Swastika Investmart Ltd., recommends that knowledgeable investors allocate modest sums for the medium to long term with the potential to book profits. Gaurav Garg, from Lemonn Markets Desk, suggests that short-term investors may consider booking partial profits, while long-term investors could hold the stock to benefit from sectoral tailwinds and the company's growth trajectory.
Mehta Equities analyst recommends holding the stock for the medium to long term, citing the company's focus on the B2B segment and expectations of an improving balance sheet in the coming quarters. Nyati also notes that Smartworks' focus on MNC customers with long-term contracts has yielded desired benefits.
However, the coworking space market is competitive, with companies like Awfis Space Solutions also operating in the sector. Economic downturns or changes in consumer behavior could affect demand for coworking spaces. The company plans to use the IPO proceeds for capital expenditure on new centres, security deposits, loan repayments, and general corporate purposes, which could enhance operational capabilities and reduce debt.
In other market news, Wipro Q1 profit stands at ₹3,336.5 crore, HDFC AMC rises 24%, and Newgen profit is up 4%. Jio Financial, LTIMindtree, and Tata Communications are set to announce their Q1 results today.
This article was published on July 17, 2025.
- With the impressive 13.45 times subscription of its Initial Public Offering (IPO), Smartworks Coworking Spaces demonstrates strong demand in the business sector.
- Through the analysis of financial experts, investors are encouraged to allocate funds for Smartworks Coworking Spaces, considering the potential benefits in the medium to long term.
- The company's focus on the B2B segment, particularly MNC customers with long-term contracts, has proven to be successful, according to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.
- The competitive coworking space market may pose risks to Smartworks Coworking Spaces, such as economic downturns or changes in consumer behavior affecting demand.
- To capitalize on growth opportunities and improve operational capabilities, Smartworks Coworking Spaces plans to use IPO proceeds for capital expenditure, security deposits, loan repayments, and general corporate purposes.
- By subscribing to a personal-finance or investment subscription service, individuals can have real-time updates on the financial performances of companies like Smartworks Coworking Spaces.