A leading player in the coworking space industry, has recently filed its Draft Red Herring Prospectus DRHP with the Securities and Exchange Board of India SEBI to raise funds through an Initial Public Offering IPO. This strategic move comes as the demand for flexible workspaces continues to surge, driven by the evolving nature of work and the increasing preference for hybrid models.

The funds raised from the IPO are expected to be utilized for expanding Smartworks‘ footprint across key metropolitan areas, enhancing its service offerings, and investing in technology to improve customer experience. With a robust portfolio of coworking spaces, Smartworks aims to cater to a diverse clientele, including startups, SMEs, and large enterprises looking for flexible office solutions.