In December last year, Smart Works was approved to launch the initial public offering run (IPO) of the Securities and Exchange Board India F India (SEBI).
According to the Red Harring Prospectus (RHP) filed on Friday, the IPO is Rs. 445 crore equity shares will be issued, which will cost Rs. The Sale Fur (OFS) offer of 3.3 million stocks will be reduced from 550 million, which has previously dropped by 75.7579 million shares.
On June 30, 2025, the company has a total of 10.08 million square feet of foot and has risen to CAGR of 20.80% between the financial year 23 and the financial year 25. The company added an area of 2.83 million square feet in the last 2 years.
In FY 23, in FY 23, Rs. The company’s revenue has increased from Rs 711 crore to the financial year 1,374 crore.
According to the RHP, the company has earned 31.90% rental income from multi-City customers from the total rental income of financial 2025.
In FY 25, 19 clients occupied 5,931 seats, terminating the agreement with smart works without serving the notice period, which is more than 2024 while 7 clients occupied 1,058 seats.
The company has made the RHP. “We generate income by charging lease rental for the workspace provided to our customers mainly in our centers. We enter agreements with our customers, usually for a period of two years to five years. We are experienced in the past, and continue experience, the pre-returned term of the contract with our customers,” the company said.
Smart Works has initiated legal proceedings against the former client before the Bengaluru commercial court, which is due to termination of their contract during the L -In -in period without paying the remaining lease rental due to the rest of the L -In -in period.
There are two centers of smartworks in Singapore, with a total of 35,036 square feet.
Company Tier 1 and Tire 2 are present in cities like Bangalore, Hyderabad, Chennai, Mumbai, Pune, others.
Located at Vaishnavi Tech Park in Sarjapur, Bengaluru, the largest center of 000,5 sq ft, is the center of four leases above 500,000 square feet in India. By March 31, 2025, the average center of the company is 180,000 square feet.
(Now you can subscribe to our Etmarkets WhatsApp channel)