Smartworks Coworking IPO set to debut today. GMP signals mild listing gains

Smartworks Coworking Spaces is set to debut on the stock market on July 17, with an IPO price fixed at Rs 407 per share. Subscribed 13.92 times overall, the IPO sees a grey market premium of around 7%. Despite ongoing losses, the company boasts strong operating performance and aims to use IPO proceeds for debt repayment and expansion.