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![Inc42 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::605783487.png) Inc42 [@Inc42](/creator/twitter/Inc42) on x 51.1K followers
Created: 2025-07-16 11:39:32 UTC

The Securities Appellate Tribunal (SAT) has dismissed an appeal seeking a stay on the IPO of coworking space major Smartworks, whose shares are expected to list on the bourses tomorrow.👇

In the hearing today, SAT dismissed the appeal filed by NGO Infrastructure Watchdog against the coworking space provider, its promoters, SEBI, among others, due to lack of merit.

Yesterday, the Tribunal had directed both the parties to make their submissions by the end of day. The final order is yet to be released.

For context, Infrastructure Watchdog filed an appeal on July X against Smartworks, alleging that it was under an investigation by the Income Tax department, received funds from shell companies and some amounts through benami transactions, and more.

Read the full article here -

#Inc42 #news #SAT #IPO #funding #investment #startupnews #startup #coworking #expansion #innovation #India #NSE #BSE #NGO

![](https://pbs.twimg.com/media/Gv-e1SBWAAAvY5o.jpg)

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**Related Topics**
[stocks](/topic/stocks)
[ipo](/topic/ipo)
[sat](/topic/sat)

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