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Smartworks Coworking Spaces IPO allotment: Steps to check status online and other key detailsShares of Smartworks Coworking Spaces Ltd are scheduled to be listed on the NSE and BSE on Thursday, July 17.By CNBCTV18.com July 15, 2025, 8:39:43 AM IST (Published)3 Min ReadSmartworks Coworking Spaces Ltd. is set to finalise the IPO share allotment status on Tuesday, July 15, after a strong subscription.

The ₹582.56-crore book-building issue was overall booked 13.45 times on the last day of bidding on July 14. The initial public offering received bids for more than 13.99 crore shares against 1.04 crore shares on offer, as per the NSE data.

The retail portion of the IPO was subscribed 3.53 times, with bids for more than 1.82 crore shares against 51.73 lakh shares reserved for the category. The Non-Institutional Investors’ (NIIs) category received bids for more than 5.05 crore shares compared to 22.17 lakh shares set aside for the category. The NIIs subscribed their segment 22.78 times. The Qualified Institutional Buyers (QIBs) subscribed their category 24.41 times. The QIBs applied for over 7.08 crore shares against 29.03 lakh shares reserved for them.

The IPO was a combination of a fresh issue of 1.09 crore shares, amounting to ₹445 crore and an offer-for-sale (OFS) portion of 33.79 lakh shares, worth ₹137.56 crore.

Neetish Sarda, Harsh Binani, Saumya Binani, NS Niketan LLP, SNS Infrareality LLP and Aryadeep Realstates Pvt Ltd are the promoters of the company.

The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, MUFG Intime India Pvt Ltd (earlier Link Intime India).

Steps to check Smartworks Coworking Spaces IPO share allotment on BSE:

· Visit the BSE IPO allotment page: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

· Select 'Equity' as the issue type

· Choose Smartworks Coworking Spaces Ltd from the dropdown menu for issue names

· Enter your application number or PAN to proceed

· Complete the Captcha verification and click on the Search button to view the share allotment status.

Steps to check Smartworks Coworking Spaces IPO allotment on MUFG Intime India:

· Visit the IPO allotment page on the official website of the MUFG Intime India: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

· From the dropdown menu, select Smartworks Coworking Spaces Ltd' from the list of companies

· Select any one of the PAN, Application Number, DP/Client ID, or Account Number/IFSC to view your allotment status

· Enter the required details

· Click on 'Submit' to check the allotment status

Investors can also check the IPO allotment status on the NSE website using their PAN and application number.

Smartworks Coworking Spaces IPO listing date and other details

Following the finalisation of IPO share allotment status, the company will transfer the shares into the Demat account of successful bidders on Wednesday, July 16. The company will also initiate refunds for non-allottees on the same day.

Shares of Smartworks Coworking Spaces Ltd are scheduled to be listed on the NSE and BSE on Thursday, July 17.

The mainboard IPO opened for subscription on July 10. The IPO price band was fixed at ₹387 to ₹407 per share.

Smartworks Coworking Spaces is engaged in the business of customised managed workspace solutions, offering fully serviced, tech-enabled office environments with aesthetic designs and essential amenities to meet the specific needs of enterprises and their employees.

It specialises in leasing large, bare-shell properties in prime locations and transforming them into fully serviced, tech-enabled campuses with modern amenities.

Between FY23 and FY25, Smartworks expanded its operations by adding 2.83 million square feet of space under management, achieving a CAGR (compound annual growth rate) of 20.8%.

Smartworks Coworking Spaces Plans to utilise about ₹226 crore of the total IPO proceeds for capital expenditure related to the fit-outs at its new centres. Out of the remaining funds, ₹114 crore will be allocated for the payment of loans and the remaining funds will be utilised for general corporate purposes.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIPO