Shares of Smartworks Coworking Spaces Limited will make its debut in the Indian stock market today. Smartworks Coworking IPO listing is scheduled at 10:00 IST on the bourses today (Thursday, July 17). Smartworks Coworking shares will be a part of Special Pre-open Session (SPOS), as per BSE notice. Experts predicted that the Smartworks Coworking IPO expected listing price is likely to see slight gains compared to its issue price. Smartworks Coworking IPO allotment status was finalised on Tuesday, July 15.
Smartworks Coworking Spaces IPO opened for subscription on Thursday, July 10 and closed on Monday, July 14. Smartworks Coworking IPO subscription status on the last bidding day was 13.45 times. The company fixed a price band of ₹387 to ₹407 per share for its IPO.
Smartworks Coworking Spaces Limited, a leading provider of managed flexible office spaces located in Gurugram, operates 48 co-working centers with a combined seating capacity of over 190,000. The company caters to mid-to-large enterprises, including Indian companies, multinational corporations, and startups, by offering contemporary campuses equipped with design, technology, and amenities such as cafeterias, gyms, crèches, and healthcare facilities for enhancing employee well-being.
Smartworks Coworking share price Live: All you need to know about listing
Mahesh M. Ojha, AVP Research & Business Development,Hensex Securities Pvt. Ltd, said that Smartworks Coworking IPO looks fairly priced . Ojha believes that one can see limited listing gain of 3-5%. Investor who have applied for listing gain they can book profit. Investor who have long-term horizon can hold the stock. Further, the industry outlook is positive.
Smartworks Coworking share price Live: Here’s what GMP hints ahead of listing
Smartworks Coworking IPO GMP today is +25. This indicates Smartworks Coworking share price was trading at a premium of ₹25 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Smartworks Coworking share price was indicated at ₹432 apiece, which is 6.14% higher than the IPO price of ₹407.
According to the grey market activities from the past 13 sessions, today’s IPO GMP is showing an upward trend, suggesting a robust listing. The minimum GMP recorded is ₹0.00, while the maximum GMP is ₹32, as per experts from investorgain.com.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
