Negative
25Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 4 hours ago
- Bias Distribution
- 100% Right


Smartworks IPO Opens, Targets Rs 583 Crore
Smartworks Coworking Spaces Ltd is opening its IPO on July 10, aiming to raise about Rs 583 crore through a mix of fresh equity and an offer-for-sale, with the price band set at Rs 387-407 per share and the subscription closing on July 14. The IPO is expected to give Smartworks a post-listing valuation of around Rs 4,645 crore. Proceeds will be used mainly for new office fit-outs, repayment of Rs 114 crore in debt, and general corporate purposes, with offer-for-sale funds going to existing shareholders. Shares are trading at a grey market premium of Rs 27-29, suggesting a 6-7% gain over the upper price band at listing. Financially, the company reported a net loss in the last fiscal year but saw revenue grow to Rs 1,374 crore for 2024-25. Analysts see the IPO as fairly valued and recommend subscribing for the long term, noting a P/S ratio of 3.3x and EV/EBITDA of 9.7x.

- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 4 hours ago
- Bias Distribution
- 100% Right
Negative
25Serious
Neutral
Optimistic
Positive
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