Smartworks Coworking IPO: Price band set at ₹387-407 per share; check key dates, issue details, more

Smartworks Coworking IPO price band has been fixed in the range of ₹387 to ₹407 per equity share of the face value of ₹10. The Smartworks Coworking IPO date of subscription is scheduled for Thursday, July 10 and will close on Monday, July 14. The allocation to anchor investors for the Smartworks Coworking IPO is scheduled to take place on Wednesday, July 9.

The floor price is 38.7 times of the face value and the cap price is 40.7 times of the face value of the equity shares. The Smartworks Coworking IPO lot size is 36 equity shares and in multiples of 36 equity shares thereafter.

Smartworks Coworking IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employees of the firm have been reserved equity shares worth ₹37.50 million.

Tentatively, Smartworks Coworking IPO basis of allotment of shares will be finalised on Tuesday, July 15 and the company will initiate refunds on Wednesday, July 16 while the shares will be credited to the demat account of allottees on the same day following refund. Smartworks Coworking share price is likely to be listed on BSE and NSE on Thursday, July 17.

(more to come)

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