New Delhi, July 28 -- On 17 July, Smartworks Coworking Spaces Ltd listed on the stock exchanges and the shares traded marginally above their issue price. The coworking space provider was following in the footsteps of its industry peer Awfis Space, which listed in May 2024 and has gained 60% from its issue price.

Another leading player, IndiQube, is expected to list on 31 July, while the biggest coworking player in India by revenues, WeWork India, is expected to go public in August.

Riding a post-covid surge in customer acceptance, the sector's business models are rapidly maturing. They are all in the throes of trying to turn profitable-and sustainably so-amid a rapid scale-up.

Coworking spaces have undergone a dramatic transformation i...