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Smartworks cooking spaces have cut their IPO size. The new issue has been reduced from Rs 550 crore to Rs 445 crore, while the SARI Office (OFS) has been reduced from 67.59 lakh shares to 33.79 lakhs.
Smartworks Coating Space Limited has fixed a price scope of Rs 387-407 per share for its initial public issue (IPO) of Rs 583 crore. The company said in a statement released on Monday that the IPO will open on July 10 and will conclude on 14 July. Big (anchor) investors will be able to bid on July 9.
Smartworks cooking spaces have cut their IPO size. The new issue has been reduced from Rs 550 crore to Rs 445 crore, while the SARI Office (OFS) has been reduced from 67.59 lakh shares to 33.79 lakhs. This makes its total size 583 crore rupees. Smartworks Coating Spaces Limited is a major cum-working provider company. It is working in cities like Bengaluru, Mumbai Metropolitan Region, Hyderabad, Gurugram and Chennai.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from the feed of PTI-language.
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