In a regulatory filing Wednesday, SmartWorks ended the allocation 42,66,378 Shortness Share anchor Investors at Rs 407 per share of equity.
In addition to the total allocation of 42,66,378 parts investors in the anchors, 32.04 percent allocated to three domestic mutual funds, which are used in total four plots.
These three domestic mutual funds are Tata Mutual Fund, Baroda BNP paribas and trust in a fund.
Other Investors Are The Axis New Opportunities AIF – Series Insurance Company Ltd. Ltd. Sylegy Company Ltd. Ltd. Company Ltd. Company Ltd. Company Ltd. Company LTDRUCTIONS IID ADDRUCTIONS FROM THE IDD COMPANION OF THE SALULATION OF THE IDD COMPANION SALIKAL II, YEARS AGAINTERNITION OF THE SPECIAL OF HEART Aido, all year old friends II, with General Sundities, and so on.
SmartWorks Coworking Spaces will hit the capital Market on July 10 to launch the IPO for raising approximately Rs 600 crore while the company intends to expand its business and reduce its debt. Guruggram-based SmartWorks, one of the leading handles of flexible office space providers, which now have 48 co-working centers in 1.9 lakh. The company heals a price band of Rs 387-407 per part for IPO, close to July 14.
The size of the fresh issue is reduced by Rs 445 crore from the previous planned Rs 550 crore, while the offer of promoters is traded in 67.59 parts of 67.59 lakh.
At the upper end of the price band, the company’s IPO size is estimated at the Rs 583 crore, with a valuation of the market approximately 4,645 crore.
In total revenue from fresh issue in parts, the company will use Rs 226 crore for Capital spending related to fit-outs with new centers and security deposits for new centers.
It is available at Rs 114 crore for paying loans, and the rest of the funds will be used for the corporation’s overall purpose. The OFS we go to the promoters.
In financial parameters, SmartWorks posted a loss of loss of Rs 63.17 crore in financial year because of a higher cost than we are expenses than we are expenses than we are expenses than we are expenses than we are expenses than we are expenses. The loss of its net stood at Rs 49.95 crore in the main 2023-24 financial year.
However, the We are in line From operations rose to Rs 1,374.05 crore at 2024-25 fiscal from Rs 1,039.36 crore last year.
“These losses are due to our total income lower than expenses for the relevant fiscal,” the company says the red herring prospectus (RHP) filed with Sebi.
The company aims to increase the income level and reduction in the proportion of cost to achieve profits.
The overall integration of it on Rs 382 crore at the end of April.
SmartWorks take office leases from landlords and then lowered areas of corporations. It has an operational portfolio of 8.31 million square metric area while 0.7 million square metric is under the fit-outs.
The company took another 1.7 million square feear area from landlords, but it did not get possessions to set the centers.
Total portfolio crosses 10 million square miles, including spaces under the fit-outs and signed.
