To apply for the Smartworks Coworking Spaces IPO, investors can log in to their trading account through their preferred brokerage platform and navigate to the IPO section. After selecting "Smartworks Coworking Spaces IPO," they need to enter the number of lots they wish to apply for (minimum lot size is 36 shares) and choose a bid price within the range of ₹387 to ₹407 per share. The next step involves entering a valid UPI ID and authorising the mandate via the UPI app. It is important to ensure that sufficient funds are maintained in the linked bank account. The application must be submitted and the UPI mandate approved by 5 PM on July 14, 2025, to be considered valid. Investors are advised to double-check all application details before final submission to avoid rejection or delay in allotment.
For complete details on this public offering, visit the Smartworks Coworking Spaces IPO page on Bajaj Broking’s website.
Smartworks Coworking Spaces IPO Application Process
The Smartworks Coworking Spaces IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Step 1: Log in to Your Trading Platform
Access your trading account using Bajaj Broking’s app or website.
Step 2: Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Step 3: Select the Open IPO and Click Apply
Locate Smartworks Coworking Spaces IPO in the list of available IPOs and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares (minimum lot size: 36 shares) within the price band of ₹387 to ₹407 per share.
Step 5: Provide Your UPI ID
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Step 6: Confirm the Application
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Step 7: Complete the Process and Wait for Allotment
Apply and monitor the allotment status to check if shares have been allocated to you.
Additional Read: Smartworks Coworking Spaces IPO Investment Guide: Objectives & Opportunities
About Smartworks Coworking Spaces IPO: Overview and Key Facts
Smartworks Coworking Spaces Limited, incorporated in 2015, is positioned in the managed workspace segment across major Indian cities. It offers tech-enabled, fully serviced office environments tailored to mid-to-large enterprises, spanning Indian corporates, MNCs, and startups. These spaces come equipped with integrated amenities—cafeterias, gyms, crèches, and medical centres—designed to support employee productivity and well-being. As of 31 March 2025, the company managed over 169,500 seats across 728 clients, maintaining a presence in some of India’s largest leased centres, including Bengaluru’s Vaishnavi Tech Park.
The IPO is set to open on 10 July 2025 and close on 14 July 2025, with a price band of ₹387 to ₹407 per share. It comprises 1.43 crore equity shares, translating to a total issue size of approximately ₹582.56 crore. The minimum subscription quantity for retail investors is 36 shares, with applications accepted through both BSE and NSE. Key dates include allotment on 15 July 2025 and expected listing on 17 July 2025, contingent on the completion of refunds and demat credit processes.
Proceeds from the IPO are earmarked for repayment or redemption of existing borrowings, capital expenditure related to fit-outs and security deposits for new centres, and general corporate purposes. The company follows a managed campus platform model, involving four stakeholder groups: clients, landlords, employees, and service partners. Its operational footprint spans a super built-up area of 8.99 million square feet. The IPO aims to support the company’s growth trajectory and ongoing expansion of its managed workspace presence.
To check your application status, visit the Smartworks Coworking Spaces IPO Allotment Status page on Bajaj Broking’s website.