Smartworks Coworking Spaces IPO Allotment Today: Steps To Check Status, Latest GMP And More

The initial public offering (IPO) of Smartworks Coworking Spaces Ltd. was subscribed 13.45 times on the third and final day of bidding on July 14. 

The mainboard IPO attracted applications for more than 13.99 crore shares against 1.04 crore shares on offer on the last day, as per the NSE data.

The Qualified Institutional Buyers (QIBs) booked their category 24.41 times. The Non-Institutional Investors’ (NIIs) category was subscribed 22.78 times, while the retail portion was booked 3.53 times. The employees subscribed their category 2.38 times.

The IPO was a book-building issue of Rs 582.56 crore. It comprised a fresh issue of 1.09 crore shares worth Rs 445 crore and an offer for sale of 34 lakh shares worth Rs 137.56 crore. The IPO price band was set between Rs 387 and Rs 407 per share.

The allotment of shares is proposed to be finalised on July 15. Shares of the company as tentatively scheduled to be listed on the BSE and NSE on July 17.

The company provides workspace solutions to enterprises. It will use proceeds from the IPO to clear debt, to fund capital expenditure and for general corporate purposes.

Following the IPO subscription, the investors are waiting for the share allotment status to be finalised by the company.  

The IPO investors can check the share allotment status on the websites of the BSE, NSE and MUFG Intime India.

• Visit the BSE IPO allotment status page here.

• Select the issue type as “Equity”. 

• Choose “Smartworks Coworking Spaces Ltd.” from the dropdown menu. 

• Enter your application number or PAN (Permanent Account Number). 

• Complete the “Captcha” for verification. 

• Click on the “Search” button to view your allotment status.

Steps to Check Smartworks Coworking Spaces IPO Allotment Status On NSE 

• Visit the IPO allotment page on the NSE website here. 

• Select “Equity & SME IPO bid details”. 

• Select the company symbol “SMARTWORKS” from the dropdown list for issue symbols. 

• Enter PAN details and Application Number. 

• Click on the “Submit” button to check the share allotment details.

Steps to Check Smartworks Coworking Spaces IPO Allotment Status On MUFG Intime India

• Visit the IPO allotment page on the issue registrar’s official website here. 

• Select “Smartworks Coworking Spaces Ltd.” from the drop-down menu. It’s important to note that the company name will only appear after finalisation of the share allotment status. 

• Choose any of these options: PAN, Application Number, DP/Client ID, or Account No/IFSC. 

• Enter the details as per your selection.

• Click on the “Submit” button to check the details.

The grey market premium (GMP) for the Smartworks Coworking Spaces IPO stood at Rs 16 as of 9:00 a.m. on July 15. The latest GMP indicates a listing price of Rs 423 apiece at a premium of 3.693% against the upper limit of the price band.

Note: GMP does not represent official data and is based on speculation.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.