Smartworks Ends First Trading Session 15% Above IPO Price

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SUMMARY

The company’s stock ended its debut trading session on the BSE at INR 445.10, up 9.3% from the issue price of INR 407

Smartworks’ market capitalisation stood at $590 Mn (approximately INR 5,079.99 Cr) at the end of the debut session against its IPO valuation of $540 Mn (INR 4,650 Cr)

On July 14, Smartworks’ IPO closed with a strong oversubscription of 13.45X

After listing at a 7% premium to its IPO price, shares of coworking major Smartworks maintained bullish…



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Smartworks Ends First Trading Session 15% Above IPO Price


SUMMARY

The company’s stock ended its debut trading session on the BSE at INR 445.10, up 9.3% from the issue price of INR 407

Smartworks’ market capitalisation stood at $590 Mn (approximately INR 5,079.99 Cr) at the end of the debut session against its IPO valuation of $540 Mn (INR 4,650 Cr)

On July 14, Smartworks’ IPO closed with a strong oversubscription of 13.45X

After listing at a 7% premium to its IPO price, shares of coworking major Smartworks maintained bullish…



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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