Smartworks Coworking Spaces rises after leasing over 400 seats to Japanese NBFC subsidiary in Mumbai
Smartworks Coworking Spaces is currently trading at Rs. 452.65, up by 1.30 points or 0.29% from its previous closing of Rs. 451.35 on the BSE.
The scrip opened at Rs. 449.95 and has touched a high and low of Rs. 458.40 and Rs. 448.70 respectively. So far 987 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 618.30 on 04-Nov-2025 and a 52 week low of Rs. 361.45 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 478.00 and Rs. 417.15 respectively. The current market cap of the company is Rs. 5226.92 crore.
The promoters holding in the company stood at 58.32%, while Institutions and Non-Institutions held 9.21% and 32.46% respectively.
Smartworks Coworking Spaces has leased over 400 seats to a Japanese NBFC subsidiary in Mumbai. The five-year engagement is estimated to generate rental revenue of around Rs 35 crore.
This engagement is consistent with Smartworks’ positioning in the large-format enterprise segment. Clients with 300 or more seats account for around 69% of the company’s rental revenue, with an average tenure of around 47 months for this cohort - reflecting the depth and durability of enterprise relationships on the platform. Around 90% of the company’s revenue comes from enterprise clients, reflecting it as the platform of choice for large organisations seeking managed, large-format workspace solutions.
As of March 31, 2026, Smartworks has a total footprint of around 16.1 million sq. ft., across 66 centres in 15 cities in India and Singapore. As part of its operating model, Smartworks partners with developers to lease large buildings and transform them into fully managed enterprise campuses.
