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15 Days Price Change

Smartworks Coworking IPO

Closing In

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WEBSITE Inc. Year: 2015 Industry: Business Support Listed Page

Profile
Issue Size 423.35 Cr
Profile
Price Range 387  to  407 per share
Profile
Min Investment ₹407
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are an office experience and managed Campus platform. We are the largest managed campus operator, amongst the benchmarked peers, in terms of total stock as of March 31, 2024 (Source: CBRE Report). We have leased, and we manage a total SBA of 8.00 million square feet as of March 31, 2024. We strive to make Enterprises and their employees in India more productive at work by providing value-centric pricing and superior office experience vis-à-vis traditional workspaces, with access to enhanced services and amenities. Landlords, especially passive and non-institutional, benefit from the transformation of their bare shell properties into ‘Smartworks’ branded, fully serviced managed Campuses. Read More

Basic Info

Face Value 10 per share

Price 387  to  407 per share

P/E (x) -65.6

Sales( Cr.) 1374

PAT( Cr.) -63

EPS -6.2

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Neetish Sarda Harsh Binani Saumya Binani NS Niketan LLP SNS Infrarealty LLP Aryadeep Realestates Pvt Ltd.

Pre Issue Share Holding 69.19%

Post Issue Share Holding 58.24%

Listing Details:

Listing Price: 436.1

Listing Gain: 6.67%

Current Price: 434.8

Gain On Issue: 434.8 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 10, 2025
Closing Date Jul 14, 2025
Allotment Jul 15, 2025
Refund Jul 16, 2025
Delivery of Shares Jul 16, 2025
Listing Date Jul 17, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 36 14,652
Retail (Max) 13 468 190,476
S-HNI (Min) 14 504 205,128
S-HNI (Max) 68 2448 996,336
B-HNI (Min) 69 2484 1,010,988

Objective of the Issue

1. Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by our Company 2. Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres (“Capex”) 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 2903910 70875864 24.4x
NII 2217233 50506848 22.8x
Retail 5173543 18271764 3.5x
EMP 107142 254844 2.4x
Total 10401828 139909320 13.5x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Smartworks Coworking Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 360 711 1039 1374
Other Income 34 33 74 36
Total Income 394 744 1113 1410
Total Expenditure 154 287 380 517
Operating Profit 240 457 733 893
Interest 122 237 328 336
Depreciation 212 356 473 636
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax -94 -136 -68 -79
Provision for Tax -24 -35 -18 -16
Profit After Tax -70 -101 -50 -63
Adjustments 0 0 0 0
Profit After Adjustments -70 -101 -50 -63
Adjusted Earnings Per Share -9.1 -13 -6.3 -6.1

Smartworks Coworking Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 114 31 50 108
Minority's Interest 0 0 0 0
Borrowings 115 300 240 216
Other Non-Current Liabilities 2087 3261 2785 2977
Total Current Liabilities 479 782 955 1217
Total Liabilities 2795 4374 4030 4517
Fixed Assets 2328 3724 3412 3780
Other Non-Current Assets 272 289 353 482
Total Current Assets 195 360 265 255
Total Assets 2795 4374 4030 4517

Smartworks Coworking Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents -40 -32 22 -4
Cash Flow from Operating Activities 216 532 743 929
Cash Flow from Investing Activities -95 -307 -192 -276
Cash Flow from Financing Activities -114 -171 -577 -638
Net Cash Inflow / Outflow 8 55 -26 15
Closing Cash & Cash Equivalent -32 22 -4 11

Smartworks Coworking Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -9.06 -13.01 -6.32 -6.12
CEPS(Rs) 18.4 32.85 53.51 55.51
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 14.78 4.02 6.3 10.07
Core EBITDA Margin(%) 57.23 59.6 63.47 62.39
EBIT Margin(%) 7.83 14.12 25.08 18.69
Pre Tax Margin(%) -26.13 -19.15 -6.51 -5.78
PAT Margin (%) -19.41 -14.2 -4.81 -4.6
Cash Profit Margin (%) 39.42 35.87 40.68 41.69
ROA(%) -2.5 -2.82 -1.19 -1.48
ROE(%) -61.27 -139.04 -123.28 -82.19
ROCE(%) 7.8 22.11 50.91 52.26
Receivable days 9.75 6.14 4.99 5.26
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.62 0.53 0.44 0.31
EV/Core EBITDA(x) 0.93 0.83 0.62 0.48
Net Sales Growth(%) 0 97.48 46.1 32.2
EBIT Growth(%) 0 256.01 159.58 -1.46
PAT Growth(%) 0 -44.55 50.56 -26.47
EPS Growth(%) 0 -43.63 51.39 3.16
Debt/Equity(x) 2.17 16.49 8.58 3.83
Current Ratio(x) 0.41 0.46 0.28 0.21
Quick Ratio(x) 0.41 0.46 0.28 0.21
Interest Cover(x) 0.23 0.42 0.79 0.76
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 32% 56% 0% 0%
Operating Profit CAGR 22% 55% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average -82% -115% -101% -101%
ROCE Average 52% 42% 33% 33%

Company Contact Information

Smartworks Coworking Spaces Ltd.

Punam Dargar

+91 83840 62876

companysecretary@sworks.co.in

Unit No. 305-310, Plot No 9, 10 & 11 Vardhman Trade Centre Nehru Place, South Delhi

IPO Lead Manager(s)

Smartworks Coworking Spaces Ltd.

JM Financial Ltd.

BOB Capital Markets Ltd

IIFL Securities Ltd.

Kotak Mahindra Capital Co Ltd

Registrar Info

Smartworks Coworking Spaces Ltd.

MUFG Intime India Pvt Ltd.

C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai Mumbai City Maharashtra 400083

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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