The allotment status for the Smartworks Coworking Spaces IPO is being finalized today, July 15, 2025, after the IPO closed on July 14, 2025. The IPO, which opened on July 10, 2025, was subscribed 13.92 times overall. Investors can check their allotment status on the website of the IPO registrar, MUFG Intime India Private Ltd (Link Intime India Private Ltd) or on the BSE website.
Here are the steps to check the allotment status on the registrar's website, MUFG Intime India Private Ltd: 1. Go to the web portal of MUFG Intime India Limited. 2. Select the IPO/FPO in the dropdown menu; the name will appear only if the allotment is finalized. 3. Choose one of the three modes: Application number, Demat Account number, or PAN ID. 4. Select the application type: ASBA or non-ASBA. 5. Enter the details of the selected mode. 6. Fill in the captcha accurately for security purposes. 7. Click submit.
Alternatively, you can check the allotment status on the BSE website: 1. Visit the BSE IPO allotment page. 2. Under the issue type, click Equity. 3. Under the issue name, select Smartworks Coworking Spaces Limited from the dropdown menu. 4. Enter your application number and PAN card ID. 5. Click on "I am not a Robot" and hit the search button.
The Smartworks Coworking Spaces IPO was subscribed 13.92 times. The non-institutional investors (NIIs) showed the highest demand, subscribing 8.33 times the shares reserved for them. Qualified institutional buyers (QIBs) followed with 4.5 times subscription, and retail investors subscribed 2.35 times. According to another source, the QIB portion was booked 24.92 times, HNIs subscribed 23.68 times, retail investors subscribed 3.69 times, and the employee quota was subscribed 2.51 times.
The Grey Market Premium (GMP) indicates the premium at which IPO shares are traded in the unofficial market before their official listing. On July 14, 2025, the GMP for Smartworks Coworking was around ₹15-₹17, suggesting the shares were trading at ₹424 in the grey market. Another report on the same day indicated a GMP of ₹20, potentially listing the shares at ₹429, a 5.41% gain. However, the GMP decreased to ₹14 by the closing day, estimating a listing price of ₹421, a 3.44% premium. As of July 15, 2025, the GMP is around Rs 16, implying a modest listing premium of about 4% over the upper price band.
It's important to note that the GMP is an unofficial, unregulated, and speculative indicator that may not always be reliable. It is based on market sentiment and limited trades, rather than company fundamentals, and can fluctuate significantly. Investors should not rely solely on GMP to make investment decisions but should also consider company fundamentals and risk factors.
The Smartworks Coworking Spaces IPO aimed to raise between ₹576 and ₹583 crore through a combination of a fresh issue and an offer-for-sale (OFS). The IPO included a fresh equity issue worth ₹445 crore and an OFS of 33.79 lakh shares. The price band for the IPO was set at ₹387 to ₹407 per share, with a face value of ₹10. The minimum application lot size was 36 shares.
The company plans to use the net proceeds from the IPO for capital expenditures related to new centers, security deposits, repaying loans, and general corporate purposes.
The allotment of shares is expected to be finalized today, July 15, 2025. For those not allotted shares, the refund process will begin on Wednesday, July 16, 2025. Allotted shares will be credited to investors' Demat accounts on the same day. The stock is tentatively scheduled to list on both the BSE and NSE on Thursday, July 17, 2025.
