Smartworks Coworking Spaces Ltd, which plans to launch its maiden public issue, has reported a consolidated net loss of nearly Rs 50 crore during the last fiscal year on higher expenses. Last week, Smartworks Coworking Spaces, one of the leading providers of managed office space to corporates, filed a draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO).