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Smartworks IPO: Price Band Set At INR 387-407

  • Smartworks sets IPO price band at INR 387-407 per share for offering opening on July 10 and closing on July 14.
  • At the upper end, Smartworks will be valued at about INR 4,650 Cr.
  • The IPO consists of a fresh issue of up to INR 445 Cr and an OFS component of up to 33.79 Lakh shares, with reserved shares for employees.
  • Promoters NS Niketan LLP and SNS Infrarealty LLP will sell their shares in the offering.

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