<ul data-eligibleForWebStory="false"><li>Smartworks IPO, worth ₹582.56 crore, is 25% subscribed as of 1.15 pm on its first day of bidding.</li><li>The price band for the IPO is set at ₹387-407 per share with a minimum lot size of ₹36 shares. The IPO concludes on July 14, 2025, and is expected to list on the BSE and NSE on July 17, 2025.</li><li>The company has reduced the size of the fresh issue to ₹445 crore and the Offer-For-Sale (OFS) to 33.79 lakh shares. Proceeds from the OFS will go to promoters while funds from the fresh issue will be used for various purposes.</li><li>Market experts suggest a cautious approach due to competition, with some recommending participation for long-term gains, while others advise a wait-and-see strategy. The IPO has received mixed responses with NIIs subscribed 0.42 times, retail 0.32 times, and an implied listing gain of 7-8%.</li></ul>

Smartworks IPO booked 25% so far, analysts give cautious thumbs-up

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