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Smartworks Coworking Spaces IPO Subscription History

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Subscription Status  ·  Jul 10 – Jul 14, 2025  ·  ₹387–407

The Smartworks Coworking Spaces IPO subscription has recorded strong investor demand with an overall subscription of 13.45× as of Jul 17, 2025, indicating that investors applied for 13.45 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.

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  • QIB (Qualified Institutional Buyers) subscribed 24.41×, heavyweight participation from mutual funds, foreign institutional investors (FIIs), and domestic banks. Strong QIB demand is widely regarded as one of the most reliable indicators of a successful listing.
  • HNI / NII category. Big NII (bids above ₹10 lakh) subscribed 27.14× and Small NII (below ₹10 lakh) subscribed 14.06×. High-net-worth investors are aggressively leveraging borrowed funds, signalling strong listing-gain expectations.
  • Retail investors subscribed 3.53×, solid retail participation across the board. Allotment is proportionate or lottery-based depending on final oversubscription.
QIB
24.41×
Qualified Institutional Buyers
NII
22.78×
Non-Institutional Investors
bNII
27.14×
Bids above ₹10L
sNII
14.06×
Bids below ₹10L
Retail
3.53×
Retail Individual Investors
Employees
2.38×
Employee Category
Total
13.45×
Heavily Oversubscribed

Live Subscription Data

Last updated: Jul 17, 2025, 10:14 AM IST

Overall
13.45×
Category Shares Offered Shares Bid For Times Subscribed
QIB
Qualified Institutional Buyers
2,903,910 70,875,864
24.41×
NII
Non-Institutional Investors
2,217,233 50,506,848
22.78×
bNII
Bids above ₹10L
1,478,156 40,112,460
27.14×
sNII
Bids below ₹10L
739,077 10,394,388
14.06×
Retail
Retail Individual Investors
5,173,543 18,271,764
3.53×
Employees
Employee Category
107,142 254,844
2.38×
Total
10,401,828 139,909,320
13.45×
Heavily Oversubscribed — 13.45× overall Allotment probability may be lower due to high demand

Day-wise Subscription History

Snapshot of each day's bidding activity

Thu, Jul 17, 2025
13.45×
Category Offered Bid For Times
QIB 2,903,910 70,875,864 24.41×
NII 2,217,233 50,506,848 22.78×
bNII 1,478,156 40,112,460 27.14×
sNII 739,077 10,394,388 14.06×
Retail 5,173,543 18,271,764 3.53×
Employees 107,142 254,844 2.38×
Total 10,401,828 139,909,320 13.45×

Frequently Asked Questions

What is the current subscription status of Smartworks Coworking Spaces IPO?

As of July 17, 2025, the Smartworks Coworking Spaces IPO has been subscribed 13.45 times overall. The IPO is fully subscribed with strong investor demand.

When was the Smartworks Coworking Spaces IPO subscription window open?

The Smartworks Coworking Spaces IPO subscription window was open from July 10, 2025 to July 14, 2025. Investors could apply through their demat account or ASBA facility.

What is the price band and minimum investment for Smartworks Coworking Spaces IPO?

The Smartworks Coworking Spaces IPO has a price band of ₹387 to ₹407 per share, with a lot size of 36 shares. Minimum retail investment: ₹13,932 (lower band) or ₹14,652 (upper band).

What is the QIB subscription for Smartworks Coworking Spaces IPO?

The QIB category has been subscribed 24.41 times. QIBs were offered 2,903,910 shares. Strong QIB subscription indicates high institutional confidence.

What is the Retail subscription for Smartworks Coworking Spaces IPO?

Retail investors subscribed 3.53 times. Retail was offered 5,173,543 shares.

What is the NII subscription for Smartworks Coworking Spaces IPO?

Overall NII: 22.78×. bNII (>₹10L): 27.14×, sNII (<₹10L): 14.06×. NII includes HNIs and corporate entities investing above ₹2 lakh.

How can I check my Smartworks Coworking Spaces IPO allotment status?

Basis of allotment is on July 15, 2025. Check via the registrar's website, MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.

When will Smartworks Coworking Spaces IPO be listed?

Smartworks Coworking Spaces IPO is expected to list on July 17, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.

What does 13.45× subscription mean for Smartworks Coworking Spaces IPO?

A subscription multiple of 13.45× means investors have bid for 13.45 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.

What is the allotment probability for Smartworks Coworking Spaces IPO retail investors?

Based on the current retail subscription of 3.53×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.

How to apply for Smartworks Coworking Spaces IPO?

You can apply for Smartworks Coworking Spaces IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jul 10 to Jul 14, 2025.

What is the grey market premium (GMP) for Smartworks Coworking Spaces IPO?

The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Smartworks Coworking Spaces IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.

New to reading subscription numbers? Read our guide on IPO subscription explained.

IPO Details

Open Date
Jul 10, 2025
Close Date
Jul 14, 2025
Allotment
Jul 15, 2025
Listing Date
Jul 17, 2025
Price Band
₹387 – ₹407
Lot Size
36 shares
Min. Investment
₹14,652
Exchange
NSE,BSE
Registrar
MUFG Intime India Pvt.Ltd
View Full IPO Details

What Happens Next

  1. Subscription Opens Done

    Jul 10, 2025
  2. Subscription Closes Done

    Jul 14, 2025
  3. Basis of Allotment Done

    Jul 15, 2025
  4. Listing on NSE,BSE Done

    Jul 17, 2025

Allotment Probability

Moderate

Better odds than heavily subscribed IPOs. Based on retail subscription of 3.53×.

Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.

Share Allocation

QIB 27.9%
NII 21.3%
Retail 49.7%
Total Shares 10,401,828

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Subscription Guide

≥ 10× Heavily Oversubscribed
1× – 10× Subscribed / Oversubscribed
0.5× – 1× Partially Subscribed
< 0.5× Under-subscribed

Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.