Smartworks Coworking Spaces Ltd. IPO

Smartworks Coworking Spaces Ltd. IPO

🏢 Overview Founded in April 2016 by Neetish Sarda and Harsh Binani, Smartworks specializes in transforming large, shell office properties into fully serviced, tech-enabled managed campuses. They cater primarily to mid-to-large enterprises (300+ seats), but also serve smaller teams. By FY25, the company managed around 10 million sq ft across ~50 centres in 13–15 cities, serving approximately 800 corporate clients. âś… Strengths & Challenges Strengths Tech-enabled, fully-serviced campuses geared for enterprise clients Strong occupancy, diversified across locations Capital-efficient fit-out and fast payback (30–32 months for mature centres) Expanding in growing…

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