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Smartworks Plans Expansion With Its IPO Proceeds
Mint Chennai
|July 08, 2025
Smartworks is among the largest managed workspace companies, with 41 centers in 14 cities
Smartworks Coworking Spaces Ltd plans to retire high-cost debt and fund its expansion with the money it raises from its upcoming initial public offering of shares, top company executives said. The Gurugram-based flexible workspace operator is preparing to launch its ₹583-crore IPO on July 10. The IPO will be a combination of a fresh issue of shares aggregating to ₹445 crore and an offer for sale (OFS) amounting to ₹137.56 crore. (No fresh shares will be issued as part of the OFS; the money will flow to investors selling the shares, not to the company.) Smartworks plans to use proceeds from the IPO, which will conclude on July 14, for capital expenditu
This story is from the July 08, 2025 edition of Mint Chennai.
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