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Table Space, a Bengaluru-based managed workspace startup, is preparing to launch a ₹1,000 crore initial public offering (IPO) after approving a ₹200 crore pre-IPO fundraise through a private placement.
₹200 Crore Pre-IPO Round Approved
The company has cleared a ₹200 crore fundraising plan ahead of its public issue. The pre-IPO round represents roughly 20% of the anticipated fresh issue size and is seen as a strategic move to strengthen the balance sheet and attract institutional confidence before listing.
IPO Structure and Fund Utilisation
The upcoming IPO is expected to include:
Fresh issue of equity shares worth up to ₹1,000 crore
A potential Offer for Sale (OFS) component by existing shareholders
The fresh capital is likely to be used for expansion, debt reduction, and scaling operations across key commercial markets.
Company Overview
Founded in 2017 by Amit Banerji, Table Space operates in the managed and enterprise-focused flexible workspace segment. The company designs and delivers customized office environments for large enterprises, offering built-to-suit and ready-to-move-in office solutions.
Table Space currently manages over 10 million square feet of workspace across seven Indian cities, serving nearly 290 enterprise clients.
Financial Performance
The company has reported strong revenue growth in recent years. In FY25, revenue surged approximately 50% year-on-year to around ₹1,360 crore from ₹906 crore in FY24.
While the firm posted a reported loss due to a non-cash fair valuation adjustment related to compulsorily convertible preference shares (CCPS), its operational profitability improved significantly when excluding exceptional items.
Competitive Landscape
Table Space operates in a highly competitive flexible workspace market. Key listed and prominent players in the segment include:
- WeWork India
- Smartworks
- IndiQube
- Awfis
The IPO will position Table Space among the emerging publicly listed players in India’s fast-growing managed office space segment.
Outlook
With enterprise demand for flexible office spaces rising post-pandemic, and institutional interest in income-generating real estate platforms strengthening, Table Space’s public listing could mark another milestone in India’s evolving proptech and coworking ecosystem.
Source: https://entrackr.com/news/table-space-gears-up-for-rs-1000-cr-ipo-to-raise-rs-200-cr-in-pre-ipo-round-11160672
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