India, July 17 -- Smartworks Coworking Spaces made its stock market debut today, with its shares listing at 7.14% premium on the BSE. Smartwork's shares debuted at INR 436.10 apiece against the issue price of INR 407.

On the NSE, the stock opened at INR 435, a 6.88% premium over the IPO price.

At 10:20 AM, the stock was trading 6.01% higher at INR 462.30 on the BSE with a market capitalisation of INR 5,280.86 Cr.

This comes after Smartwork's IPO closed with an oversubscription of 13.45X on July 14, with largest participation from QIBs.

Smartworks set a price band of INR 387 to INR 407 for its IPO, which comprises a fresh issue of shares of up to INR 445 Cr and an OFS component of up to 33.79 Lakh shares.

(The story will be updated so...