Smartworks IPO Allotment Today—Will You Be Among the Lucky Few?

Smartworks Coworking Spaces Ltd, the largest managed office campus operator in India, is finishing the allotment of the IPO on Friday, 15 July 2025. The Rs 582.56 crore issue was oversubscribed in record demand, and the investors eagerly wait now to check allotment status and prepare for the listing.

 

Key Highlights:

 

- The IPO was subscribed 13.92 times overall, with a leadership by QIBs of 24.92 times, NIIs of 23.68 times, and retail investors of 3.69 times.

- Price band was fixed at Rs 387–407 a share with a lot size of 36 shares.

- Grey Market Premium (GMP) is Rs 16, indicating a likely listing price of Rs 423—around 3.93% above the upper band.

 

Allotment & Refund Schedule:

- Completion of allotment: July 15

- Initiation of refund: July 16

- Demat accounts credit: July 16

- Date of listing: July 17 on BSE and NS

 

How to Check Allotment Status:

- Visit MUFG Intime India (Link Intime) or BSE/NSE IPO websites for allotment.

- Enter PAN, application number, or DP ID to view status.

 

Company Overview:

- Smartworks has 8.99 million sq. ft. area in 41 locations across 13 cities.

- The customers are Indian corporates, MNCs, and startups.

- The IPO includes a fresh issue of Rs 445 crore and an OFS of Rs 137.56 crore.

 

Investor Sentiment:

- Sustained institutional demand reflects faith in India's flexible office boom.

- GMP trends indicate slight listing gains, but performance may vary.

 

Sources: Business Standard, India Today, HDFC Sky, IPO Watch, LiveMint.