Smartworks Expands Jaipur Footprint with 1.49 Lakh Sq Ft Lease

Smartworks Coworking Spaces Limited signed a lease deed for 1,49,560 square feet in Jaipur, significantly boosting its operational capacity.

Capacity Expansion Overview

The company currently manages 11.1 million sq. ft. in leased capacity, with 9.2 million sq. ft. operational at 84% utilization. This addition of 1,49,560 sq. ft. supports strategic growth, with operational readiness targeted within April 2026.

Investment and Funding

The expansion requires approximately INR 25.00 crores, financed through internal accruals or issue proceeds.

Strategic Rationale

This capacity addition drives business expansion and strengthens Smartworks' operational footprint in key markets, meeting rising demand for flexible workspaces.

Shares of Smartworks Coworking Spaces Limited was last trading in BSE at Rs. 416.65 as compared to the previous close of Rs. 429.00. The total number of shares traded during the day was 2631 in over 384 trades.

The stock hit an intraday high of Rs. 432.50 and intraday low of 409.85. The net turnover during the day was Rs. 1096440.00.

Source : Equity Bulls

Keywords

SmartworksCoworkingSpaces INE0NAZ01010 LeaseDeed CapacityExpansion