IPO · Professional & Local Services

Table Space files DRHP for ₹800 crore IPO

By Startup Enthusiast · 11 August 2026

What they do

Table Space provides managed workspace solutions for GCCs and Fortune 500 companies

It filed a DRHP for an IPO with a fresh issue of ₹800 crore and an OFS of 65.48 million shares

The company reported FY26 revenue of ₹2,262 crore, up 66% YoY, and a net loss of ₹403 crore

Table Space has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO).
The IPO includes a fresh issue of equity shares worth up to ₹800 crore.
It also includes an offer for sale (OFS) of up to 65.48 million shares by existing shareholders.
The OFS includes up to 49.83 million shares by AGS TS II Holdings Pte. Ltd (Hillhouse Investment).
Other selling shareholders in the OFS include promoters Karan Chopra, Kunal Mehra, and others.
The company plans to use the IPO proceeds for repayment of borrowings, funding inorganic growth, and general corporate purposes.
As of June 30, 2026, Table Space had outstanding borrowings of ₹970.63 crore.

The IPO comes as the flex-space share of office leasing in India has grown from 5% in 2017 to 24% in H1 2026.
Table Space's occupancy rate for mature facilities is 92.64%, the highest among benchmarked operators.
Listed competitors include WeWork India, Smartworks, and Awfis Space Solutions, all with FY26 revenues over ₹1,400 crore.
Unlisted competitors like Executive Centre India, Bhive Workspace, and Simpliwork are also planning IPOs.

Table Space offers managed workspace solutions for Global Capability Centres (GCCs), Fortune 500 companies, and MNCs.
Its services cover the full workspace lifecycle: leasing, design, fit-out, operations, facilities management, and compliance.
As of March 31, 2026, it leased 9.33 million sq ft of space, with 98.01% in Grade A properties across 33 office clusters in 8 tier-I cities.
Its product categories include Custom-Built Managed Offices, Ready-to-Move-in Suites, DESYN (Design & Build), and Enterprise Services.
The company operates in Bengaluru, Pune, Hyderabad, Mumbai, Noida, Chennai, Gurugram, New Delhi, and Bhubaneswar.
Client testimonials on its website include PACCAR, Wood Mackenzie, and Bulerez.

Hillhouse Investment (seller) — It is selling up to 49.83 million shares via AGS TS II Holdings Pte. Ltd in the OFS.