Smartworks Coworking IPO Allotment Status 2025: How to Check, GMP, and Listing Details
Smartworks Coworking IPO Allotment Status: The Smartworks Coworking IPO, a mainboard issue raising ₹582.56 crores, closed for subscription on July 14, 2025, with strong investor interest, achieving a subscription of 1.83x by 11:50 PM. The allotment is expected to be finalized on July 15, 2025, and investors are eager to check their allotment status. This article provides a step-by-step guide to checking the Smartworks Coworking IPO allotment status, along with the latest grey market premium (GMP), subscription details, and key IPO information to keep investors informed.
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Smartworks Coworking IPO Allotment Status
The allotment for the Smartworks Coworking IPO is expected to be finalized on July 15, 2025. Investors can check their allotment status online via the registrar’s website, MUFG Intime India Private Limited (Link Intime), or the NSE/BSE websites using their PAN, application number, or DP Client ID. Allotted shares will be credited to demat accounts by July 16, 2025, with refunds processed for non-allotted applications on the same day. The IPO is set to list on the BSE and NSE on July 17, 2025.
Steps to Check Allotment Status on MUFG Intime Website:
- Visit the MUFG Intime India website (https://in.mpms.mufg.com/Initial_Offer/public-issues.html).
- Select “Smartworks Coworking IPO” from the dropdown menu.
- Choose one of the following: Application Number, DP Client ID, or PAN.
- Enter the selected details and click “Search” to view your allotment status.
Steps to Check Allotment Status on NSE Website:
- Visit the NSE IPO allotment status page (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids).
- Select “Smartworks Coworking IPO” from the dropdown.
- Enter your PAN or application number.
- Complete the “I’m not a robot” verification and click “Search” to check your status.
Note: Allotment status will be available after finalization on July 15, 2025. Save this page for updates.
Smartworks Coworking IPO Subscription Status
The Smartworks Coworking IPO was subscribed 1.83 times as of July 14, 2025, at 11:50 PM, receiving bids for 19,017,216 shares against the 10,401,828 shares offered. Below is the category-wise subscription data:
| Category | Subscription (Times) |
|---|---|
| QIB | 0.64x |
| NII (HNI) | 3.53x |
| Retail | 1.77x |
| Employee | Not Available |
| Total | 1.83x |
Source: NSE data, updated as of July 14, 2025, 11:50 PM.
Smartworks Coworking IPO Grey Market Premium (GMP) Today
The Grey Market Premium (GMP) indicates the premium at which IPO shares trade in the unofficial market before listing. As of July 14, 2025, the Smartworks Coworking IPO GMP is ₹22, suggesting an estimated listing price of ₹429 (5.41% above the upper price band of ₹407). The GMP has ranged from a high of ₹34 on July 11 to a low of ₹19 on July 12, reflecting moderate listing gain expectations.
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| July 14, 2025 | ₹22 | ₹429 (5.41% above ₹407) |
| July 13, 2025 | ₹21 | ₹428 (5.16% above ₹407) |
| July 12, 2025 | ₹19 | ₹426 (4.67% above ₹407) |
| July 11, 2025 | ₹34 | ₹441 (8.35% above ₹407) |
Disclaimer: GMP is unofficial and subject to volatility. Base investment decisions on company fundamentals, not just GMP.
Smartworks Coworking IPO Details
The Smartworks Coworking IPO is a book-built issue of ₹582.56 crores, comprising a fresh issue of 1.09 crore shares (₹445 crores) and an offer for sale (OFS) of 33.79 lakh shares (₹137.56 crores). Below are the key details:
| Particulars | Details |
|---|---|
| IPO Opening Date | July 10, 2025 |
| IPO Closing Date | July 14, 2025 |
| Allotment Date | July 15, 2025 |
| Listing Date | July 17, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹387 to ₹407 per share |
| Lot Size | 36 shares |
| Issue Size | ₹582.56 crores (1.43 crore shares) |
| Fresh Issue | ₹445 crores (1.09 crore shares) |
| Offer for Sale | ₹137.56 crores (33.79 lakh shares) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Book Running Lead Managers | JM Financial, BoB Capital Markets, IIFL Capital Services, Kotak Mahindra Capital |
| Registrar | MUFG Intime India Private Limited |
The IPO allocates 75% to Qualified Institutional Buyers (QIBs), 15% to High Net-Worth Individuals (HNIs), 10% to retail investors, and a reserved portion for employees with a ₹37 per share discount. The minimum investment for retail investors is ₹14,652 (36 shares).
About Smartworks Coworking Spaces Limited
Founded in 2015, Smartworks Coworking Spaces Limited is India’s largest managed workspace provider, managing 8.99 million square feet across 50 centers in 15 cities, including Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, and Chennai, as of March 31, 2025. With a seating capacity of 203,118 and an 83.12% occupancy rate, the company serves 738 enterprise clients, focusing on mid-to-large enterprises. Smartworks leases large properties and transforms them into tech-enabled, fully serviced office campuses with amenities like cafeterias, gyms, crèches, and medical centers. Its proprietary BuildX platform enhances operational efficiency. Revenue primarily comes from long-term lease rentals (94%), with additional income from value-added services (3.6%) and design/fit-out services (2.5%).
Smartworks Coworking IPO Objectives
The net proceeds from the fresh issue will be used for:
- Repayment or prepayment of certain borrowings.
- Capital expenditure for fit-outs and security deposits for new centers.
- General corporate purposes and unidentified inorganic acquisitions.
Smartworks Coworking IPO FAQs
When is the Smartworks Coworking IPO allotment date?
The allotment is expected to be finalized on July 15, 2025.
How can I check the Smartworks Coworking IPO allotment status?
Visit the MUFG Intime India website (https://in.mpms.mufg.com/Initial_Offer/public-issues.html) or NSE website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids), select “Smartworks Coworking IPO,” and enter your PAN, application number, or DP Client ID.
What is the GMP of the Smartworks Coworking IPO today?
As of July 14, 2025, the GMP is ₹22, indicating an estimated listing price of ₹429 (5.41% premium).
When will the Smartworks Coworking IPO list?
The IPO is expected to list on the BSE and NSE on July 17, 2025.
What is the minimum investment for retail investors?
The minimum investment is ₹14,652 for 36 shares (1 lot).
What was the subscription status of the Smartworks Coworking IPO?
As of July 14, 2025, at 11:50 PM, the IPO was subscribed 1.83x, with NII at 3.53x, Retail at 1.77x, and QIB at 0.64x.
Also Read: Smartworks Coworking IPO Subscription Status Live 2025
