Tag: Smartworks Coworking Spaces IPO

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Smartworks Coworking Shares Surge 9% in Market Debut

NEW DELHI: Smartworks Coworking Spaces Ltd’s shares saw a rise of over 9% on Thursday, closing above the issue price of Rs 407. The stock debuted at Rs 436.10, reflecting a 7.14% increase from the issue price on the BSE. It even peaked at Rs 469 during the day, marking a high of 15.23%. Ultimately, shares closed at Rs 445.10, representing a 9.36% gain. On the NSE, it opened at Rs 435, up by 6.87%, and finished at Rs 445.05, a rise of 9.34%. The company’s market capitalization was reported at Rs 5,079.99 crore. In terms of trading volume, 16.77…

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Smartworks IPO Subscribed 13.45 Times

NEW DELHI: Smartworks Coworking Spaces Ltd’s initial public offering (IPO) of ₹583 crore was oversubscribed by 13.45 times by the close of bidding on Monday. During the three-day IPO, bids reached 13,99,08,852 shares, significantly exceeding the 1,04,01,828 shares available, according to NSE data. The Qualified Institutional Buyers (QIB) segment received 24.41 times the subscription, while Non-Institutional Investors subscribed 22.78 times. Retail Individual Investors (RIIs) saw a subscription of 3.53 times. Additionally, Smartworks Coworking Spaces has secured ₹173.64 crore from anchor investors. The IPO was launched last Thursday, aiming to raise nearly ₹600 crore to facilitate business expansion and debt reduction.…

CommercialLatest Stories

Smartworks secures ₹173.64 crore from anchor investors pre-IPO

NEW DELHI: Smartworks Coworking Spaces has secured ₹173.64 crore from anchor investors prior to its initial public offering (IPO). In a regulatory update released on Wednesday, Smartworks confirmed the allocation of 42,66,378 equity shares to anchor investors at ₹407 per share. Among the allocated shares, 32.04% were designated for three domestic mutual funds, which utilized a total of four schemes. These mutual funds are Tata Mutual Fund, Baroda BNP Paribas, and Trust Mutual Fund. Other investors include Axis New Opportunities AIF – Series II, SBI General Insurance Co. Ltd, Aditya Birla Sun Life Insurance Co. Ltd, and Societe Generale, among…