Smartworks Coworking Spaces Ltd - IPO

Smartworks Coworking Spaces Ltd IPO Details

Initial public offering of 14,321,474 equity shares of face value of Rs. 10 each (Equity Shares) of Smartworks Coworking Spaces Limited (Company) for cash at a price of Rs. 407 per equity share (including a premium of Rs. 397 per equity share) (Offer Price) aggregating to Rs. 582.56 crores^ (the Offer) comprising a fresh issue of 10,941,734 equity shares of face value of Rs. 10 each aggregating to Rs. 445.00 crores (the Fresh Issue) and an offer for sale of 3,379,740 equity shares of face value of Rs. 10 each aggregating to Rs. 137.56 crores (the Offer for Sale), consisting of an offer for sale of 490,000 equity shares of face value of Rs. 10 each aggregating to Rs. 19.94 crores by NS Niketan llp, 310,000 equity shares of face value of Rs. 10 each aggregating to Rs. 12.62 crores by SNS Infrarealty LLP and 2,579,740 equity shares of face value of Rs. 10 each aggregating to Rs. 105.00 crores by Space Solutions India Pte. Ltd. (formerly Lisbrine Pte Limited) (collectively, the Selling Shareholders and such equity shares, the Offered Shares).The offer included a reservation of 101,351 equity shares aggregating up to Rs. 3.75 crores^, for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). Pursuant to finalization of basis of allotment 88,812 equity shares were allotted to under the employee reservation portion. The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constituted 12.55% and 12.47% of its post offer paid-up equity share capital, respectively. The company, in consultation with the book running lead managers, offered a discount of up to 9.09% (equivalent of Rs.37 per equity share) to the offer price to eligible employees bidding under the employee reservation portion (Employee Discount).^ A discount of Rs.37 per equity share was offered to eligible employees bidding in the employee reservation portion.

Objective of issue

Repayment/prepayment/redemption in full or in part of certain borrowings availed by the company. Capital exp for fit-outs in the new centres and for security deposits of the new centres. General corporate purposes.

Smartworks Coworking Spaces Ltd Contact Details

Smartworks Coworking Spaces Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - companysecretary@sworks.co.in

Website - www.smartworksoffice.com