Eyes IPO After Reaching Milestone

[Smartworks2]

Smartworks, a leading provider of flexible workspaces in India, is setting its sights on an Initial Public Offering (IPO). Founder Neetish Sarda revealed plans for a public listing within the next two to three years. However, this is contingent on achieving their ambitious target of acquiring 25-30 million square feet of office space. Currently, Smartworks boasts a signed-up space of 7 million square feet. To propel themselves towards an IPO, they aim to add a significant 5 million square feet in the ongoing financial year (2023-2024). This strategic expansion positions Smartworks as a major player in India's co-working space market, paving the way for a potential public offering in the near future