Mon Jul 14 11:50:00 UTC 2025: **News Article: Smartworks Coworking IPO Closes Today Amidst Moderate Subscription**

**Mumbai, India – July 14, 2024** – The initial public offering (IPO) of Smartworks Coworking, a mainboard issue aiming to raise Rs 582.56 crore, concludes its bidding window today. Investors are closely watching the final subscription numbers, grey market premium, and the upcoming allotment and listing details.

As of today, the IPO has been subscribed 1.53 times overall. Retail investors showed considerable interest, subscribing 1.58 times their portion, while Non-Institutional Investors (NII) subscribed 2.59 times. The Qualified Institutional Buyer (QIB) portion lagged behind, with a subscription rate of 0.65 times.

The IPO comprises a fresh issue of shares worth Rs 445 crore and an offer-for-sale (OFS) of 33.79 lakh equity shares, amounting to Rs 137.56 crore. The price band was set between Rs 387 and Rs 407 per share. JM Financial is the lead manager, with MUFG Intime India (Link Intime) handling registrar duties.

Currently, Smartworks shares are trading at a grey market premium of Rs 20, suggesting a potential listing price of around Rs 427 per share, approximately a 5% gain over the upper end of the price band.

The share allotment process is anticipated to be finalized by Tuesday, July 15. If on schedule, Smartworks Coworking shares are expected to debut on the BSE and NSE on Thursday, July 17. Investors will be able to check their allotment status through the BSE, NSE, and Link Intime portals once the information is available.

Prior to the IPO, Smartworks raised Rs 173.64 crore through its anchor book on July 9.

Founded in 2015, Smartworks provides fully-managed, tech-enabled office spaces tailored to enterprise needs. Their modern campuses boast amenities such as cafeterias, gyms, crèches, and medical facilities, catering to startups, Indian corporates, and global MNCs alike. The company combines flexible office designs with smart technology.

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