IPO · Professional & Local Services
Table Space plans IPO of up to $350 Mn, with draft papers expected by early August 2026
By Startup Enthusiast ·
- Date
- Company
- Table Space
- What it does
- Managed office solutions for enterprises
- Kind
- IPO
- Amount
- ₹3,353 Cr
- Stage
- public
- Based in
- Bengaluru
- Founded
- 2017
What they do
Table Space provides managed office spaces for large enterprises and global capability centres
What happened
It plans to file IPO papers by early August 2026, raising up to $350 Mn through fresh shares and an offer for sale
Why it matters
The company turned profitable in FY24 but posted a net loss of ₹1,561 Cr in FY25 despite 51% revenue growth
The details
- Table Space plans to file its IPO draft papers by early August 2026.
- The IPO size is up to $350 Mn (about ₹3,353 Cr).
- The IPO includes fresh equity shares worth around ₹1,000 Cr and an offer for sale by existing shareholders.
- The board approved raising ₹1,000 Cr via fresh equity issue during the IPO.
- Book-running lead managers are Axis Capital, IIFL Capital Services, BofA Securities, and CLSA.
- The company converted to a public entity in 2025 and renamed to Table Space Technologies Ltd.
- It appointed three independent directors and Ashwin Chandrasekar as chief information and technology officer in June 2026.
The bigger picture
- India's flexible workspace sector is seeing sustained investor interest due to demand from enterprises and MNCs.
- Competitors that have gone public include Awfis, Smartworks, WeWork India, and IndiQube.
- Table Space's FY25 net loss of ₹1,561 Cr contrasts with a profit of ₹11 Cr in FY24, despite revenue growing 51% to ₹1,360 Cr.
About the business
- Table Space provides managed office solutions for enterprises across major Indian cities.
- It manages over 11 Mn sq ft of workspace across 80-plus centres in nine cities.
- It serves more than 425 enterprise clients including PACCAR, Wood Mackenzie, and Bulerez.
- It provides a Grade A Workspace-as-a-Service (WaaS) offering with integrated single-cheque solution and office delivery in as early as 90 days.
- Locations include Bengaluru, Pune, Hyderabad, Mumbai, Noida, Chennai, Gurugram, New Delhi, and Bhubaneswar.
- It partnered with CleanMax for a 2.7 MWp Group Captive Solar project in Karnataka to supply renewable energy to its centres.
What happens next
- File IPO draft papers by early August 2026.
- Raise up to $350 Mn through the IPO.
- Use fresh equity proceeds for business expansion and other corporate purposes.
The deal
- Type
- IPO
Investors
- Hillhouse Capital (existing) — Invested $300 Mn in Table Space in 2022.
Founders
- Amit Banerji, Founder (late)
- Karan Chopra, Co-CEO
- Kunal Mehra, Co-CEO
More on Table Space
- Table Space and Hillhouse acquire majority stake in KMC Solutions16 September 2026 · Acquisition
- Table Space files DRHP for ₹800 crore IPO11 August 2026 · IPO · ₹800 crore
- Table Space appoints Ashwin Chandrasekar as CITO3 June 2026 · People
- Table Space board approved ₹200 crore pre-IPO private placement at EGM in January 202626 February 2026 · Funding · ₹200 Cr
- Table Space founder Amit Banerji passes away at 456 January 2025 · People
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