Smartworks Coworking IPO: Last day to bid, issue subscribed 4.15 times. What GMP indicates?

IPO subscribed 4.15x on final day, led by NIIs (8.33x); GMP at Rs 15–17 signals modest listing premium.

Brokerage views mixed: Anand Rathi and Bajaj Broking suggest subscribe for long-term, while SBI Securities recommends avoid.

Listing set for July 17; allotment expected on July 15; IPO aims to raise up to Rs 583 crore.

Business model under scrutiny due to lease-heavy structure and profitability concerns despite strong top-line growth.