Mon Jul 14 11:50:00 UTC 2025: Here’s a summarized news article based on the provided text:

**Smartworks Coworking IPO Sees Strong Demand on Final Day, Subscription Reaches 4.27x**

**Mumbai, India – July 14, 2024** – The initial public offering (IPO) of Smartworks Coworking Spaces concluded today, seeing robust subscription levels driven primarily by Non-Institutional Investors (NIIs) and retail investors. By the end of the subscription period, the IPO was subscribed 4.27 times.

Retail investors subscribed 2.35 times their allocated portion, while NIIs booked 8.53 times their allocation. Qualified Institutional Buyers (QIBs) also showed strong interest, subscribing 4.53 times their portion. Employee subscriptions reached 1.88 times the allocated amount.

Smartworks aims to raise ₹445 crore through the IPO, down from an initial target of ₹550 crore. The offer-for-sale (OFS) by promoters was also reduced. Proceeds will be used for capital expenditures, debt repayment, and general corporate purposes.

The IPO price band was set between ₹387 and ₹407 per share. Allotment is expected to be finalized on July 15th, with refunds and demat credit scheduled for July 16th. The stock is anticipated to debut on the BSE and NSE on July 17th.

Market analysts hold mixed views. Geojit Research recommends subscribing for long-term investment, citing Smartworks’ asset-light model and expansion into value-added services. However, Lemonn Markets Desk advises investors to “AVOID” the IPO, citing profitability and clarity concerns, suggesting re-evaluation post-listing.

The grey market premium (GMP) for Smartworks currently stands at ₹20, suggesting a listing price of around ₹427 per share, approximately 4.91% above the IPO price.

Read More