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Smartworks IPO oversubscribed 1.9 times on final day 

  • Smartworks IPO saw strong demand from non-institutional investors, oversubscribed 3.76 times in this category on the final day.
  • Retail individual investors achieved 1.82 times subscription, with the majority of bids at the cut-off price.
  • Qualified institutional buyers were tepid with 0.64 times subscription, mainly led by foreign institutional investors.
  • Smartworks IPO priced between ₹387-407 per share, consisting of a fresh issue of ₹445 crore and an offer for sale of 33.79 lakh shares.

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