Smartworks Coworking Spaces IPO GMP History
Smartworks Coworking Spaces IPO has been listed on July 17, 2025 at a listing price of ₹435, against the issue price of ₹407 — a gain of ₹28 (+6.88%). The GMP peaked at ₹32 on 10 July 2025 and reached a low of ₹12 on 14 July 2025. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Smartworks Coworking Spaces IPO raised ₹582.56 Cr. through its IPO at a price band of ₹387 to ₹407 per share, with a lot size of 36 shares. The IPO was open for subscription from 10 Jul 2025 to 14 Jul 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 1:05 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 17 Jul 2025 | ₹ 24 | ▼ | 6% | — | — |
| 16 Jul 2025 | ₹ 26 | ▲ | 6% | — | — |
| 15 Jul 2025 | ₹ 16 | ▲ | 4% | — | — |
| 14 Jul 2025 | ₹ 12 | ▼ | 3% | — | — |
| 12 Jul 2025 | ₹ 19 | ▼ | 5% | — | — |
| 11 Jul 2025 | ₹ 24 | ▼ | 6% | — | — |
| 10 Jul 2025 | ₹ 32 | ▲ | 8% | — | — |
| 09 Jul 2025 | ₹ 27 | ▲ | 7% | — | — |
| 08 Jul 2025 | ₹ 25 | — | 6% | — | — |
Smartworks Coworking Spaces IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 10 Jul 2025
- Close 14 Jul 2025
- Allotment 15 Jul 2025
- Refund/credit 16 Jul 2025
- Listing 17 Jul 2025
Smartworks Coworking Spaces IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹407 |
|---|---|
| GMP-based estimate (pre-listing) | ₹431 (+5.9%) |
| Listing gain / loss | +₹28 per share |
| Listing date | 17 Jul, 2025 |
| Actual listing price | ₹435 (+6.88%) |
Is Smartworks Coworking Spaces IPO GMP reliable?
Grey market premium for Smartworks Coworking Spaces IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Smartworks Coworking Spaces IPO full review for a fundamentals-based assessment before making any grey market trades.
Smartworks Coworking Spaces IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Smartworks Coworking Spaces IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Smartworks Coworking Spaces IPO
Smartworks Coworking Spaces Limited was incorporated in 2015. It offers managed workspace campuses to Indian corporates, multinationals and start-ups. Its centres include cafeterias, gyms, creches and medical centres.
On 31 March 2025 the company served 738 clients with 152,619 seats. It later had 728 clients and 169,541 seats, with 12,044 seats yet to be occupied.
On 31 March 2024 it held four of India's five largest leased centres, including the 0.7 million square feet Vaishnavi Tech Park in Bengaluru.
The IPO was Rs 582.56 crore, with Rs 445.08 crore of fresh issue and Rs 137.48 crore of offer for sale. Rs 225.84 crore was planned for fit-outs of new centres and Rs 114.00 crore for repaying borrowings.
Frequently asked
What is the GMP of Smartworks Coworking Spaces IPO?
The current Grey Market Premium (GMP) of Smartworks Coworking Spaces IPO is ₹ 24.
What is the Kostak Price of Smartworks Coworking Spaces IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Smartworks Coworking Spaces IPO is not available.
What is the Subject to Sauda Price of Smartworks Coworking Spaces IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Smartworks Coworking Spaces IPO?
Smartworks Coworking Spaces IPO listed on July 17, 2025 at ₹435, against the issue price of ₹407 — a gain of +6.88%.
How did the GMP of Smartworks Coworking Spaces IPO trend before listing?
The GMP of Smartworks Coworking Spaces IPO was falling in its final days before listing. The GMP peaked at ₹32 on 10 July 2025. View the day-wise table above for the complete GMP history.
Explore Smartworks Coworking Spaces IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
