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Smartworks Coworking Spaces shares listed at ₹435 on the NSE, gaining 6.88%, and ₹436.10 on the BSE, up 7.15%. Its ₹583-crore IPO, priced between ₹387-₹407, was subscribed 13.45 times during the July 10–14 bidding window.
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On the BSE, Smartworks shares debuted at ₹436.10 each, reflecting a 7.15% premium. Post-listing, the company’s market capitalization reached ₹4,977.27 crore. Before the IPO, it had secured ₹173.64 crore from anchor investors.
Smartworks Coworking Spaces Ltd, founded in 2015, provides customized managed workspace solutions. It offers tech-enabled, fully serviced office environments for mid-to-large enterprises, including MNCs, with modern campuses featuring amenities like cafeterias, gyms, crèches, and medical centers to enhance employee well-being.
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The objective of the Smartworks Coworking Spaces IPO is to fund expansion plans, repay or prepay certain outstanding borrowings, support working capital needs, and for general corporate purposes to strengthen the company’s overall financial and operational growth strategy.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.


