Issue Subscribed 17% On Day 1 So Far

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SUMMARY

The portions reserved for non-institutional investors and employees saw the highest demand, with both segments getting subscribed 25%

Retail investors bid for 11.31 Lakh shares against 51.73 Lakh shares on offer, translating to 22% subscription

Smartworks has set a price band of INR 387 to INR 407 for its IPO, which comprises a fresh issue of up to INR 445 Cr and an OFS of up to 33.79 Lakh shares

The IPO of managed workspace provider Smartworks got off to a slow start,…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Issue Subscribed 17% On Day 1 So Far


SUMMARY

The portions reserved for non-institutional investors and employees saw the highest demand, with both segments getting subscribed 25%

Retail investors bid for 11.31 Lakh shares against 51.73 Lakh shares on offer, translating to 22% subscription

Smartworks has set a price band of INR 387 to INR 407 for its IPO, which comprises a fresh issue of up to INR 445 Cr and an OFS of up to 33.79 Lakh shares

The IPO of managed workspace provider Smartworks got off to a slow start,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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