Smartworks IPO To Open On July 10, Issue Size Reduced

Smartworks IPO To Open On July 10, Issue Size Reduced

Nearly eight months after getting markets regulator SEBI’s nod for its IPO, Smartworks Coworking Spaces has filed its RHP. The managed and flexible workspaces provider has cut the size of its public issue, which will open on July 10 (Thursday) and close on July 14 (Monday). Anchor investor bidding will take place on July 9 (Wednesday). As per the RHP, the size of the fresh issue has been reduced to INR 445 Cr from INR 550 Cr in the DRHP. The OFS…

Smartworks Coworking IPO opens July 10 amid growing investor interest | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews

Smartworks Coworking Spaces will open its initial public offering (IPO) for public subscription on July 10, with the issue closing on July 14. As per the red herring prospectus (RHP), bidding by anchor investors will take place a day earlier, on July 9. The company has scaled down the size of the IPO. The fresh issue has been reduced to ₹445 crore from the previously proposed ₹550 crore, while the promoters’ offer for sale (OFS) has been slashed…