Smartworks Coworking Spaces Limited
- Minimum Investment₹13,932
- Price Range₹387 - ₹407
- Issue Size₹582.56 Cr
- Lot Size36 shares
Proceeds of this IPO to be used for
Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed by the company
Capital expenditure for fit-outs in the new centres and for security deposits of the new centres
General corporate purposes
Strengths & Weaknesses of Smartworks Coworking Spaces Limited
Market Leadership
The company is the largest managed campus operator among its benchmarked peers in terms of total stock. As of FY24, it operates the highest number of centers among its peers.
Financial Stability
The company's payback period for capital invested at the center level is shorter than the industry average. While the industry payback period is typically 53-54 months from the fit-out commencement, as of March 31, 2024, the company's mature centers have an average payback period of 30-32 months.
Custom enterprise requirements
The company serves teams of all sizes, with a focus on mid and large enterprises needing over 300 seats. Its ability to meet customized needs is shown by client deals of 6,300+ seats in FY25, 4,800+ in FY24, and 3,500+ in FY23
Lease Renewal Issue
The company leases entire or large properties from passive and non-institutional landlords for periods ranging from 10 to 15 years. Contractual arrangements usually ensure that landlords are committed for the entire lease duration. However, existing landlords might opt for competitors offering better commercial terms.
Legal proceedings
The company, along with some of its promoters and directors, is involved in certain legal proceedings. Any adverse decision in these cases could result in liabilities or penalties, potentially impacting the company's business, financial condition, operations, and cash flows.
Depend on property acquisition
The company’s success relies on securing suitable properties at optimal locations and rental terms. Failure to do so may impact its business, cash flow, and profitability
Financials
Earnings Per Share
No Data
Balance Sheet
Particulars (In Cr) | Y/Y Change | |
---|---|---|
Total Current Assets | -- | |
Total Non-Current Assets | -- | |
Fixed assets | -- | |
Total assets | -- | |
Total Current Liabilities | -- | |
Total Non-Current Liabilities | -- | |
Total Capital Plus Liabilities | -- | |
Total Shareholder Funds | -- | |
Total Debt to Equity | -- |
Cash Flow
Particulars (In Cr) | Y/Y Change | |
---|---|---|
Cash from Operating Activity | -- | |
Cash from Financing Activities | -- | |
Cash from Investing Activities | -- | |
Net Cash Flow | -- |
About Smartworks Coworking Spaces Limited
- PromoterNeetish Sarda
- PromoterHarsh Binani
- PromoterSaumya Binani
- PromoterNS Niketan LLP
- PromoterSNS Infrarealty LLP
- PromoterAryadeep Realestates Private Limited