The buzz around the Smartworks Coworking IPO GMP has certainly picked up steam — and with good reason. As India’s startup ecosystem continues to evolve, the demand for modern, flexible office spaces is surging. Riding this wave, Smartworks Coworking Spaces Ltd. is aiming to make its public debut with a bold and strategic move: a ₹600 crore IPO.
And the market has responded enthusiastically.
Let’s break down everything you need to know about this highly talked-about IPO – from who’s investing, to why it’s happening now, and most importantly, how it might affect your portfolio.
What Is Smartworks and Why Should You Care?
If you haven’t heard of Smartworks yet, you’re missing out on one of India’s largest providers of managed office spaces. Think of it as the Airbnb of office leasing — but for startups, SMEs, and large enterprises who want hassle-free, plug-and-play workspaces without long-term commitments.
Founded in 2016, Smartworks operates in more than 10 Indian cities and caters to clients like Tata, Microsoft, Amazon, and Samsung. That’s no small feat.
Now, with the Indian economy leaning into flexible work solutions and commercial real estate evolving rapidly, Smartworks is grabbing the opportunity to scale — and this Smartworks Coworking IPO GMP is their fuel.
How Did Day 2 of the IPO Go?
Let’s get into the numbers.
By the end of Day 2 (July 12), the Smartworks Coworking IPO was subscribed 1.2 times, which means investors applied for more shares than were available.
Here’s a breakdown of the action:
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Total bids received: 1,19,96,496 shares
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Total shares on offer: 1,04,01,828 shares
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Retail individual investors (RIIs): Subscribed 1.2x
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Non-institutional investors (NIIs): Subscribed 1.8x
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Qualified institutional buyers (QIBs): Subscribed 63% of their portion
This data points to solid retail and NII interest — a strong vote of confidence from everyday and high-net-worth investors alike.
Anchor Investors Backed It Before It Even Opened
Before the IPO even opened its doors to the general public on July 10, Smartworks raised ₹173.6 crore from 12 institutional investors via its anchor book on July 9.
What does that mean?
Basically, some big-league players saw enough promise in Smartworks to lock in early. The shares were allocated at ₹407 each — right at the upper end of the IPO price band.
Here’s who jumped in:
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Tata Mutual Fund
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Axis New Opportunities AIF
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Aditya Birla Sun Life Insurance
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SBI General Insurance
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BNP Paribas
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Societe Generale
This kind of backing speaks volumes. If these seasoned institutions are confident enough to put in crores upfront, that’s a green flag for retail investors too.
Let’s Talk About That Price Band
The IPO price band is set between ₹387 to ₹407 per share.
Now, why does this matter?
The price band tells you what Smartworks believes is a fair value for its shares — and also gives us a hint about its Grey Market Premium (GMP).
What Is the Smartworks Coworking IPO GMP?
Ah, the much-asked question: What’s the Smartworks Coworking IPO GMP?
The Grey Market Premium (GMP) is the unofficial premium at which IPO shares are trading in the grey market before listing. It gives an idea of market sentiment and expected listing gains.
As of Day 2, the Smartworks Coworking IPO GMP is hovering around ₹60–₹70. That means investors are willing to pay ₹60–₹70 above the issue price in the unofficial market — a bullish sign.
In simple terms? There’s a good chance of a strong listing, assuming the GMP holds or rises further before the final allotment and listing day.
Why Smartworks Is Raising ₹600 Crore
This isn’t just a money grab.
Smartworks plans to use the ₹600 crore to:
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Expand into more cities
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Add new properties and managed office inventory
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Pay down existing debts
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Invest in tech-driven office solutions
In short, the funds will help the company grow faster and more efficiently — potentially leading to higher revenues and a stronger competitive edge.
Is QIB Participation a Concern?
You might’ve noticed that Qualified Institutional Buyers (QIBs) only subscribed to 63% of their allocation so far.
But don’t panic just yet.
It’s quite common for QIBs to wait until the final day to place large bids. These players like to observe subscription trends and price momentum before committing fully.
So, while the QIB portion may seem low now, it’s likely to catch up quickly — especially given the anchor investor confidence.
Should Retail Investors Jump In?
Let’s be honest — IPOs can be a mixed bag.
But here’s what makes Smartworks Coworking IPO GMP particularly appealing:
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High demand from NIIs and retail investors
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Strong anchor investor participation
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Growing demand for flexible, managed workspaces
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Positive GMP indicating solid listing potential
That said, always do your homework. Read the prospectus, look at the financials, and assess your risk appetite before investing.
Listing Date and Final Thoughts
The IPO will close on July 14, so investors still have time to submit their bids.
Once the offer closes, allotment is expected around July 17–18, and the shares could list on the stock exchange as early as July 22 (tentative).
So, if you’re considering hopping on the Smartworks bandwagon, the clock is ticking.
Conclusion
The coworking space industry is on fire — and Smartworks is clearly one of the frontrunners. With a smart expansion plan, backing from big investors, and a positive Smartworks Coworking IPO GMP, all signs point to a solid debut.
But as with all investments, there are no guarantees.
If you’re a retail investor looking for a short-term pop or a long-term player betting on the flexible workspace revolution, this IPO is definitely worth a second look.
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After the Conclusion: Final Words
This isn’t just another IPO. It’s a reflection of how India’s work culture is evolving. Gone are the days of rigid cubicles and 10-year leases. Smartworks is offering a smarter way to work — and if the market responds the way it’s expected to, early investors might be sitting on a hot ticket.
Whether you’re eyeing quick listing gains or thinking long-term, the Smartworks Coworking IPO GMP makes this a deal worth watching.
