India, July 17 -- After listing at a 7% premium to its IPO price, shares of coworking major Smartworks maintained bullish momentum throughout the day, touching an intraday high of 15% at INR 469.00.

The company's stock ended its debut trading session on the BSE at INR 445.10, up 9.3% from the issue price of INR 407 and 2% higher than its listing price.

At the end of the day, Smartworks' market capitalisation stood at $590 Mn (approximately INR 5,079.99 Cr), compared to its IPO valuation of $540 Mn (INR 4,650 Cr) at the upper end of issue price.

The bumper listing came just days after Smartworks' IPO closed with a strong oversubscription of 13.45X on July 14, led largely by Qualified Institutional Buyers (QIBs).

Smartworks had set a pr...