Smartworks Coworking Spaces’ IPO has seen 73% subscription on Day 2, driven by strong NII interest. The IPO aims to raise between Rs 576 crore and Rs 583 crore, with proceeds allocated for expansion and debt repayment. While analysts offer mixed recommendations, citing growth potential versus profitability concerns, the company’s strong revenue growth and market position are key factors.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets