Table Space files DRHP for an IPO

Table Space, a managed office space solutions provider, has submitted its preliminary papers to the market regulator, SEBI, to raise funds via an Initial Public Offering (IPO). 

As per the DRHP, the firm will raise ?800 crore via a fresh issue and 6.54 crore equity shares via an offer-for-sale (OFS) component. 

In the OFS component, AGS TS II Holdings Pte, owned by Hillhouse Investment, is the largest selling shareholder and will offload 4.98 crore shares. Karan Chopra, Kunal Mehra, Srinivas Prasad, Narendra Kumar Kamaraju, RSP Real Estate LLP, and Ramachandra Venkatasubba Rao are the other shareholders who will sell their shares in the IPO.

Tablespace may also plan to raise ?160 crore via a pre-IPO placement. If successfully raised, the ?160 crore will be reduced from the fresh issue. 

Object to the issue 

• ?550 crore from the fresh issue will be used to repay debt. 
• The remaining funds will go towards inorganic growth through acquisitions and General corporate purposes.

As of June 2026, the firm has total outstanding borrowings of ?970.6 crore.

About TableSpace

Table Space is a premium managed workspace solutions provider in India. It offers ready-to-use office spaces for companies. Instead of renting and managing the whole building, Table Space provides a ready-made workspace which businesses can use for work. 

The firm sources and leases Grade A offices in high-demand areas and designs workspaces for its clients. Its leaseable portfolio includes 11.46 million square feet of area across 33 key office clusters in eight Tier-1 cities in India: Bengaluru, Mumbai Metropolitan Region (MMR), Hyderabad, Gurugram, Chennai, Pune, Noida and New Delhi.

Smartworks Coworking Spaces, Indiqube Spaces, Awfis Space Solutions and WeWork India Management are some of the listed peers of Table Space. 

Financially, its revenue increased by 66.3% to ?2,262.3 crore, compared to ?1,360.5 crore in the previous year. But reported a loss of ?403.3 crore in FY26, much less than the loss of ?1,554.1 crore in the previous year. 

The book-running lead managers to the IPO are Axis Capital, BofA Securities India, CLSA India, IIFL Capital Services and JM Financial. While KFin Technologies is the registrar to the issue. 

Table Space IPO Prospectus:

Table Space Company Financial Report

Amount ? in Crores

Table Space IPO Valuation – FY2026

Table Space IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

IPO Lead Managers aka Merchant Bankers

• Axis Capital Limited
• BofA Securities India Limited
• CLSA India Private Limited
• IIFL Capital Services Limited
• JM Financial Limited