Smartworks Coworking Spaces Ltd Company Summary

Smartworks Coworking Spaces Ltd Summary

Smartworks Coworking Spaces Limited was originally incorporated as Smart Work Business Centre Private Limited as a Private Limited Company, dated December 17, 2015, issued by the Registrar of Companies at Kolkata. The Company name was changed from Smart Work Business Centre Private Limited to Smartworks Coworking Spaces Private Limited and a fresh Certificate of Incorporation dated December 20, 2018, was issued by the RoC. Thereafter, the status of Company got converted into a Public Limited and the name was changed to Smartworks Coworking Spaces Limited and a fresh Certificate of Incorporation dated July 25, 2024 was issued by the RoC. Company is engaged in the business of developing fully serviced office spaces. The Company focus on leasing entire/ large, bare shell properties in prime locations from Landlords and transform them into fully serviced, aesthetically pleasing and tech-enabled Campuses with daily-life and aspirational amenities. The Company equip its Campuses with modern and aesthetically pleasing designs using extensive design library, integrated proprietary technology solutions and amenities such as cafeterias, sport zones, Smart Convenience Stores, gymnasiums, crches and medical centres. Some of these amenities take care of the daily needs of the employees, and some are aspirational in nature, leading to collaborative workspace and team building. These aspects are likely to enhance well-being, fostering a vibrant and engaging work atmosphere.In 2023, the Company opened Centres in four Tier-2 cities namely, Jaipur, Indore, Ahmedabad and Kochi. It has launched fit-out-as-a-service (FaaS) to provide design and build solutions for customers offices with advance payments from Client in 2024. It expanded the business to Singapore by taking two business centres on lease through Keppel Real Estate Services Pte. Ltd.The Company is proposing to raise money from public through IPO by issuing upto 6,759,480 Equity Shares through Offer for Sale and funds aggregating upto Rs 550 Crore through Fresh Issue.