Smartworks adds around 176,285 sq ft capacity in Pune
SMARTWORKS · price
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On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.0 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Smartworks Coworking Spaces is adding approximately 176,285 sq ft of leased workspace in Pune by end of August 2026. Cost is around INR 28 crore, to be funded through internal accruals, IPO issue proceeds, or external debt. Existing operational capacity stands at 10.4 million sq ft with 81 percent utilization and 86 percent committed occupancy. Move aimed at expanding operational footprint to support business growth.
Small capacity addition of about 1.7 percent of current operational base, signals steady expansion and growth plans funded mostly internally.