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IPO · Real Estate & PropTech

Executive Centre India files for ₹2600 crore IPO

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Date
Company
Executive Centre India Ltd
What it does
Provides executive centre and co-working services
Kind
IPO
Amount
₹2600 Cr
Stage
ipo
Based in
Mumbai
Sector
Real Estate & PropTech

What they do

The company operates premium executive centres and co-working spaces for businesses across various locations

What happened

It has filed for an initial public offering (IPO) to raise up to ₹2,600 crore through new equity shares

Why it matters

Proceeds will fund investment in TEC Abu Dhabi for part-payment of acquiring TEC SGP and TEC Dubai, plus general corporate purposes

The details

  • Executive Centre India Ltd has filed for an initial public offering (IPO) to raise up to ₹2,600 crore.
  • The offering consists of a book-building issue where the price is determined by investor demand.
  • Each equity share carries a face value of ₹2.
  • The company may consider a pre-IPO placement of up to ₹520 million before the main issue.
  • A portion of the shares is reserved specifically for employees of the company.

The bigger picture

  • The company plans to invest proceeds into its subsidiary TEC Abu Dhabi.
  • Funds will support the acquisition of TEC SGP and TEC Dubai from the corporate promoter.
  • Remaining capital will be allocated toward general corporate purposes.

About the business

  • The company provides executive centre and co-working services to corporate clients.
  • It offers flexible office solutions designed for professional business environments.
  • The firm maintains a registered office in Kurla, Mumbai.
  • It operates as a key player in the premium managed office space segment.
  • The business model focuses on providing high-end infrastructure for modern enterprises.

The deal

Type
ipo

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