In a regulatory filing on Wednesday, Smart Works allocated 42,66,378 equity shares per equity share.
Anchor investors were allotted to three domestic mutual funds, out of the total allocation of 42,66,378 shares, 32.04 percent in three domestic mutual funds, which have been implemented by a total of four schemes.
These three domestic mutual funds are Tata Mutual Fund, Baroda BNP Paribas and Trust Mutual Fund.
Other investors Axis is new opportunities AIF – Series II, SBI General Insurance Company Limited, Aditya Birla Sun Life Insurance Company Limited, Buont Condition Strategy II, Society Generel, others.
Smart Works colleagues will hit the capital market on July 10, the company intends to expand its business and reduce debt, so its IPO will be launched to increase around Rs 600 crore.
Gurugram-based smartworks, one of the leading-powered fees-fees space space providers, currently have 48 operational co-functioning centers, with a capacity of 1.9 lakh seats.
The company has fixed the price band of Rs 387-407 per share for its IPO, which will close on July 14.
The previous planned Rs. The size of the fresh digits has been reduced to 445 crore, while the offer for sale by the promoters to the sales by the promoters from .5 67..59 lakh shares. 33.79. Millions have been shared.
At the top of the price band, the company’s IPO size is now estimated at Rs. 583 crore, of which around Rs 4,645 crore has a market evaluation.
From the total revenue of the new stock issues, the company will use Rs 226 crore for fit-out in new centers and capital related to security deposits for these new centers.
It will use Rs 114 crore for payment of loan, and the remaining funds will be used for general corporate purposes. S F.’s income will go to the promoters.
On financial parameters, smart works have spent Rs. A net loss of Rs 63.17 crore has been reported. Its net loss was Rs 49.95 crore in the previous 2023-24 financial year.
However, in the previous year, 1,374.05 crore has been increased from performance in the 2024-25 financial year.
The company said in the Red Harring Prospectus (RHP) filed by SEBI, “The loss was less than the cost for the financial year.
In order to achieve profitability, the company aims to raise revenue levels and reduce proportional costs.
Its total unified debt was Rs. 382 crore.
Smart Works Lease Office from homeowners and then gives corporates subdue the area. It has an operational portfolio of 8.31 million square feet of area while 0.7 million square feet are under fit-out.
The company has taken another 1.7 million square feet of area lease from the homeowners, but has not taken possession of those centers.
The total portfolio will cross 10 million square feet, with spaces under fit-out and signed.
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