<ul data-eligibleForWebStory="false"><li>Smartworks' IPO has been subscribed 72% on the second day, following a 50% subscription on the first day driven by non-institutional investors.</li><li>The IPO received bids for 72.95 Lakh shares against 1.04 Cr shares on offer, with the portion for NIIs seeing 1.3X subscription and the retail investors showing an 86% subscription.</li><li>QIBs had a lukewarm response with only 5,724 shares bid out of 29.03 Lakh shares allocated to them.</li><li>Founded in 2016, Smartworks is a managed workspace provider with an average lease tenure of 48 months, offering services beyond leasing. The IPO's price band is set at INR 387 to INR 407 with bidding closing on July 14.</li></ul>

Smartworks IPO: Issue Subscribed 72% On Day 2 So Far

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