Smartworks Coworking Spaces IPO Day 3 Live: Smartworks Coworking Spaces’ initial public offering, which is set to conclude today, Monday, July 14 has seen respectable subscription levels, primarily driven by Non-Institutional Investors (NIIs) and followed by retail investors.
Smartworks Coworking Spaces IPO was available for public subscription on Thursday, July 10. Smartworks Coworking Spaces IPO price band has been set between ₹387 and ₹407 per share, with a face value of ₹10. The company has indicated that 50% of the total offering is allocated for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors.
The basis of share allotment for the Smartworks Coworking Spaces IPO is expected to be formalized on Tuesday, July 15. Refunds are scheduled to begin on Wednesday, July 16 and shares will be credited to the demat accounts of those who are successful in securing allotments on the same day as the refunds. The shares of Smartworks Coworking Spaces are likely to debut on the BSE and NSE on Thursday, July 17.
Smartworks Coworking Spaces Limited focuses on delivering customized managed workspace solutions, offering fully serviced office environments that are enhanced with technology, appealing designs, and essential amenities tailored to meet the specific needs of businesses and their employees.
The company serves mid-to-large enterprises, including Indian firms, multinational corporations, and startups, providing modern campuses that feature design, technology, and amenities such as cafeterias, fitness centers, childcare services, and healthcare facilities to support employee well-being.
Smartworks Coworking Spaces IPO Day 3 Live: IPO Subscription Status
Smartworks Coworking Spaces IPO subscription status was 1.15 on day 2. The retail portion was subscribed 1.18 times, and NII portion has been booked 1.79 times, Qualified Institutional Buyers (QIBs) portion has received 63% bids. The employee portion has been booked 1.01 times.
The company has received bids for 1,20,00,600 shares against 1,04,01,828 shares on offer, according to data on BSE.
