Table Space Board Approves ₹200 Crore Private Placement Ahead of ₹1,000 Crore IPO

As per reports, Table Space, a managed office space provider, received board approval for a ₹200 crore private placement that will be deducted from its upcoming fresh issue of ₹1,000 crore. 

Board Approval and IPO Structure 

The extraordinary general meeting held in January 2026 confirmed the ₹200 crore private placement, which equals 20% of the fresh issue size. The IPO will also contain an offer for sale component, as approved by shareholders in July 2025. The company converted to a public entity in the second half of 2025 and has been preparing for a listing since October 2024. 

Leadership Changes and Shareholding 

Founder Amit Banerji passed away in January 2025. Cofounders Karan Chopra and Kunal Mehra were appointed Co‑CEOs and later became whole‑time directors, with Mehra also taking the chairmanship. Chopra holds 12.35 Crore shares, while Mehra’s holding stood at 4.81 Lakh shares as of September 2025.  

In July 2025, the company issued 32.5 Lakh CCPS‑C shares at ₹1 each to Mehra and the Singapore‑based AGS TS II Holdings. 

Financial Performance FY25 

Table Space reported a net loss of ₹1,561 Crore for FY25, compared with a profit of ₹11 crore in FY24. The loss includes a ₹1,560 crore write‑off of compulsory convertible preference shares and an ₹8 crore ex‑gratia payment to the founder’s mother. Operating revenue rose 51% to ₹1,360 crore, while expenses increased 61% to ₹735 crore. 

Read More: Infra.Market to Raise ₹1,250 Crore Debt Funding Ahead of IPO! 

Operational Footprint 

Founded in 2017, Table Space serves over 315 clients across seven Indian cities, including Bengaluru, Mumbai, Gurugram and Noida. In FY25 the firm added 3.01 million sq ft to its portfolio, launching 16 new centres that contributed 76% of premium managed workspaces. Premium seats grew to 11,461, a 6‑fold increase year‑on‑year. A recent lease of 5.34 lakh sq ft in Gurugram at ₹3.47 crore per month is earmarked for Google. 

Industry Context 

The Indian coworking market is projected to grow at a 7% CAGR, reaching nearly $3 billion by 2030 from $2 billion in 2025. Several peers such as Awfis, Smartworks and IndiQube have already listed. 

Conclusion 

Table Space’s board has cleared a ₹200 crore private placement that will be offset against a ₹1,000 crore fresh issue. The company’s recent financial results show a significant loss driven by share write‑offs, while revenue and operational expansion continue to rise. 

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