Smartworks Coworking Spaces IPO opens: Should you subscribe? Check GMP & other details

Smartworks Coworking Spaces launched its IPO, aiming to raise Rs 576-583 crore, with strong early subscription driven by retail and non-institutional investors. The company plans to use the funds for expansion and debt repayment, capitalizing on its position as India's largest managed office space provider. Despite revenue growth, Smartworks remains loss-making, but margins are improving.

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