a prominent coworking space provider backed by Keppel, has taken a significant step by filing its Draft Red Herring Prospectus DRHP with the Securities and Exchange Board of India SEBI to initiate an Initial Public Offering IPO. This move is indicative of the growing demand for flexible workspaces, particularly in the wake of the pandemic, which has reshaped how businesses operate.

The funds raised through the IPO are intended to support Smartworks' expansion plans, allowing the company to enhance its presence in key markets and invest in technology to improve its service offerings. With a focus on creating innovative and collaborative work environments, Smartworks aims to attract a diverse range of clients, from startups to large enterprises seeking adaptable office solutions.