India, July 10 -- Smartworks Sets Sail For D-Street

A year after its rival Awfis made its market debut, Smartworks is poised to become the second Indian coworking startup to list on the exchanges. The coworking company's highly anticipated public issue opens for bidding today.

Breaking Down The Smartworks IPO: The public issue comprises a fresh issue of INR 445 Cr and an OFS component of up to 33.79 Lakh shares. It has set a price band of INR 387 to INR 407 per share for its IPO, pegging the startup at INR 4,650 Cr at the upper end of the spectrum. In the run-up to the listing, it also raised INR 174 Cr from anchor investors.

Smartworks' Sweet Spot: What may work in favour of the coworking startup is its asset-light model, significant ...