IPO Price Range: ₹234 - 234
Min Investment
₹1,40,400
IPO Size
₹31 Cr
IPO Status
Quantity in 1 Lot
600
Max Bid allowed
1
Listing Exchange
BSE
IPO subscribed over
🚀 1x
This IPO has been subscribed by 1.7034x in retail and 0x in QIB.
Total Subscription | 1x |
Retail Individual Investors | 1.7034x |
Qualified Institutional Buyers | 0x |
Non Institutional Investors | 0.8683x |
![]() | 24 Feb 2025 |
![]() | 27 Feb 2025 |
![]() | 28 Feb 2025 |
![]() | ₹31.7Cr |
![]() | 600 |
Strategic locations with high demand for coworking spaces ensure accessibility and convenience forbusinesses of all scales.
Promote Community Building through networking events and workshops.
Customisable workspace along with flexible membership options.
Integration of Technology and Digitalisation in our centres.
Showing excellence in financial and operational performance.
Our experienced Promoters and efficient Management team.
Innovative marketing and sales strategies.
The company has substantial indebtedness which requires significant cash flows to service, and limits its ability to operate freely.
There are certain errors noticed in its notes to the audited financial statements for the Fiscal 2024, 2023 and 2022 which does not requires any corrective adjustment in the financial information. Any penalty or action taken by any regulatory authorizes for such erroneous disclosure may lead to penal action against the Company under the provisions of the Companies Act, 2013 for an amount of Rs. 10,000 and in case of continuing contravention of provisions of the Companies Act, 2013, with a further penalty of Rs. 1,000 each day subject to a maximum of Rs. 2,00,000 in case of a company and Rs. 50,000 in case of officer in default.
Its may be unable to successfully grow the company business in new geographies in India and to realize the anticipated growth opportunities from such expansion of co-working spaces, which may adversely affect its business prospects, results of operations, financial condition and cash flows.
Any failures to maintain the cleanliness, hygiene standards and ambience of the co-working places that the company offer, will adversely affect its client retention success and thus overall business, revenue from operations and financial performance.
Negative customer experiences or negative publicity surrounding its co-working spaces could have an impact on the company ability to attract new corporate customers. Thus, its may also incur higher expenses towards business promotion in the future, to source more corporate customers which may have an adverse impact on its business and financial condition.
The company depends on third parties for certain operations of its business. Any failures by such third parties to adequately perform their services could have an adverse impact on its business, results of operations, cash flows and financial condition.
An inability to establish and maintain effective internal controls could lead to an adverse effect on its business, results of operations, cash flows and financial condition.
The company coworking spaces are not fully occupied, which could make it difficult for it to cover the company fixed costs.
Its historical performance is not indicative of the company future growth or financial results and its may not be able to sustain the company historical growth rates. Its inability to effectively manage the company growth or implement its growth strategies may have a material adverse effect on its business prospects and future financial performance.
The company does not own its Registered Office and other centres and the operations are being conducted on premises that have been taken on lease. Any difficulty in seeking renewal or extension of such terms may cause disruption in its operations.
Investors | Holdings % |
Nipun Gupta | 32.3% |
Puja Gupta | 61.72% |