Funding · Professional & Local Services

Table Space board approved ₹200 crore pre-IPO private placement at EGM in January 2026

By Startup Enthusiast · 26 February 2026

What they do

Table Space offers managed workspaces for enterprises in seven Indian cities

Its board approved a ₹200 crore pre-IPO private placement ahead of a ₹1,000 crore fresh issue IPO

The company's operating revenue grew 51% to ₹1,360 crore in FY25 despite a net loss due to accounting changes

Table Space's board approved a ₹200 crore pre-IPO private placement at an EGM in January 2026.
The pre-IPO raise is 20% of the total fresh issue size.
Table Space's IPO includes a fresh issue of ₹1,000 crore plus an offer-for-sale (OFS) component.
The board and shareholders had approved the IPO in July 2025.
Table Space converted to a public entity in August 2025.
Three independent directors were appointed: Nilesh S Vikamsey, Ganesh Natarajan, and Anthony Couse.
Table Space had planned the IPO since October 2024 but missed its earlier DRHP filing target of April 2025.

Founder Amit Banerji died of a heart attack in January 2025
Cofounders Karan Chopra and Kunal Mehra were appointed co-CEOs after Banerji's death.
Chopra and Mehra were also appointed whole-time directors in September 2025, with Chopra as chairman.
The company reported a net loss of ₹1,561 crore in FY25 due to CCPS written off as liabilities, versus a profit of ₹11 crore in FY24.
India's coworking market is estimated to grow from $2 billion in 2025 to $3 billion by 2030 at a CAGR of 7%.

Table Space was founded in 2017 and offers enterprise managed workspace solutions.
It operates in 7 Indian cities: Bengaluru, Mumbai, Gurugram, Noida, and others.
The company serves 315+ clients including EY, Dell, Fujitsu, AMD, GKN Aerospace, Shell, JCI, and Analog Devices.
Table Space leased 5.34 lakh sq ft in Gurugram for ₹3.47 crore per month to sublease to Google.
It added 3.01 million sq ft to its portfolio in FY25, with 16 new centres contributing 76% of premium managed workspaces.
Its premium portfolio grew six-fold to 11,461 seats in FY25.
Operating revenue was ₹1,360 crore in FY25, up 51% from ₹908 crore in FY24.
Expenses grew 61% year-on-year to ₹735 crore in FY25.

Table Space is expanding in high-potential micro-markets across Bengaluru, NCR, Pune, Hyderabad, Mumbai, and Chennai.
The company plans to proceed with its ₹1,000 crore IPO after the pre-IPO placement.