Smartworks Coworking Spaces Ltd Company Summary

Smartworks Coworking Spaces Ltd Summary

Smartworks Coworking Spaces Limited was initially incorporated as Smart Work Business Centre Private Limited as a Private Company, dated December 17, 2015, issued by the Registrar of Companies at Kolkata. The Companys 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 changed to Smartworks Coworking Spaces Limited and a fresh Certificate of Incorporation dated July 25, 2024 was issued by the RoC. Since then, Company engaged in the business of developing fully serviced office spaces. The Company is engaged in the business of developing and licensing fully serviced office spaces including rendering of related ancillary services, software development and rendering of design and fitout services. 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. 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 raised funds of Rs 583 Crore by issuing an aggregate of 14,322,614 equity shares having face value of Rs 10 each through IPO, comprising a fresh issue of 10,942,874 equity shares aggregating to Rs 445 Crore and 3,379,740 equity shares aggregating to Rs 138 Crore via offer for sale in July, 2025.