December 9, 2024
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Smartworks Coworking Spaces IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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- Allotment
What is the latest news relating to Smartworks Coworking Spaces IPO?
The IPO to open on 12 December 2024 and will close on 16 December. Rs. 1 face value shares are offered at Rs. 1329 (upper price band) with lot of 11 shares
Smartworks Coworking Spaces IPO Subscription Status
Smartworks Coworking IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: ? / (147.94x) Amount wise Bids recd. Rs. ? Crore |
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Smartworks Coworking Spaces IPO Allotment Link:
We will provide allotment link, once the allotment is finalised.
Who are the promoter of Smartworks Coworking Spaces IPO?
NEETISH SARDA, HARSH BINANI, SAUMYA BINANI, NS NIKETAN LLP, SNS INFRAREALTY LLP AND ARYADEEP REALESTATES PRIVATE LIMITED are the promoters of the company.
What are the Objects of Smartworks Coworking Spaces IPO?
The Offer comprises the Fresh Issue and the Offer for Sale.
The net proceeds of the Offer are proposed to be utilised by the Company in the following manner:
1. Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the Company; 2. Capital expenditure for fit-outs in the New Centres and for security deposits of the New Centres; and
3. General corporate purposes.
A Note on the business of Smartworks Coworking Spaces?
Smartworks is an office experience and managed Campus platform. It is the largest managed campus operator, amongst the benchmarked peers, in terms of total stock as of March 31, 2024. It has leased, and it manages a total SBA of 8.00 million square feet as of March 31, 2024. It strives 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. It focuses on mid-to-large Enterprises and have built a growing Client base, which includes Indian corporates, MNCs operating in India and startups.
It equips its Campuses with modern and aesthetically pleasing designs using its extensive design library, integrated proprietary technology solutions and amenities such as cafeterias, sport zones, Smart Convenience Stores, gymnasiums, crèches and medical centres. Some of these amenities take care of the daily needs of the employees of its Clients, and some are aspirational in nature, leading to collaborative workspace and team building. These aspects are likely to enhance well-being, fostering a vibrant and engaging work atmosphere.
For more information, click: www.smartworksoffice.com
Smartworks Coworking Spaces IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Smartworks Coworking IPO Details |
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| IPO opens on | ? 2024 |
| IPO closes on | ? 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs ? Crore |
| * Fresh Issue | ? Shares/ Rs. 550 Crore |
| * Offer for Sale | 67,59,480 shares/ Rs.? Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Smartworks? | Shares | Rs. in Crore |
| QIB (75 %) net | ? | |
| NII (15 %) | ? | |
| RII (10 %) | ? | |
| Employees | – | – |
| Total Shares | ||
| Retail portion oversubscribed by | ?Forms. | |
| How to apply in Smartworks IPO? | Amount Rs. |
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| Min Retail Appli | ||
| Max Retail Appli | ||
| Small HNI (Min) application | ||
| Small HNI (Max) application | ||
| Big HNI Application | ||
What is the timetable of
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| IPO opens on | 2024 |
| IPO Closes on | 2024 |
| IPO Allotment on | 2024 |
| Unblocking of ASBA | 2024 |
| Credit of Shares | 2024 |
| Listing on | 2024 |
| Registered Office of the company | |
| Unit No. 305-310, Plot No 9, 10 and 11, Vardhman Trade Centre, Nehru Place, South Delhi, Delhi – 110 019 |
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| Who are the Lead Managers of Smartworks IPO? JM Financial Limited BOB Capital Markets Limited IIFL Securities Limited Kotak Mahindra Capital Company Ltd. |
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| Registrar to IPO | |
| Link Intime India Pvt. ltd. |
Smartworks Coworking Spaces IPO
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 394.20 | -70 | -7.32 | -61.27 |
| 2022-23 | 744.07 | -101 | -10.57 | -321.13 |
| 2023-24 | 1113.11 | -50 | -5.18 | -99.90 |
| Book Value of the Share on 31.03.2024 |
Rs. | 69.70 | ||
| BV after the IPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 1329 | ||
| Smartworks Coworking Spaces IPO Ratio Analysis |
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| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Smartworks Coworking IPO compares with the Peers?
Peer Comparison.
| As on the date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio | |
| Rs. In Crore | |||
| Smartworks | 10 | 1039 | ? |
| Awfis Space | 10 | 849 | N.A. |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Smartworks Coworking IPO Review
Will update soon.
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