Table Space Technologies Files DRHP for ₹800 Crore IPO, Plans Debt Repayment

Bengaluru-based managed workspace provider Table Space Technologies has filed a Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The issue will comprise a fresh issue of up to ₹800 crore and an Offer for Sale (OFS) of up to 6.54 crore equity shares. 

Hillhouse Investment-backed AGS TS II Holdings Pte will be the largest selling shareholder, proposing to offload up to 4.98 crore shares through the OFS. Other selling shareholders include individual promoters Karan Chopra and Kunal Mehra, along with Srinivas Prasad, Narendra Kumar Kamaraju, RSP Real Estate LLP and Ramachandra Venkatasubba Rao. 

Table Space Technologies IPO Details 

The company may also raise up to ₹160 crore through a pre-IPO placement before filing out the Red Herring Prospectus with the Registrar of Companies. Any amount raised through this route will be adjusted against the fresh issue. 

Table Space currently has a presence across 33 office clusters in 8 Tier-1 cities, including Bengaluru, Mumbai Metropolitan Region, Hyderabad, Gurugram, Chennai, Pune, Noida and New Delhi. Its portfolio comprises 11.46 million square feet of leasable area. 

Hillhouse Investment is currently the company's largest shareholder, holding a 41.76% stake, followed by Amit Mono Banerji with 22.14% and Karan Chopra with 12.47%. 

Read More: Upcoming IPOs This Week (August 10 – 14): Dhoot Transmission, Milky Mist Dairy Food, and Others 

IPO Proceeds to Fund Debt Repayment 

Table Space Technologies plans to use ₹550 crore from the fresh issue proceeds to repay debt. Its total outstanding borrowings stood at ₹970.6 crore as of June 2026. 

The remaining fresh issue proceeds will be used for unidentified acquisitions and general corporate purposes. The company has not yet disclosed the specific targets for its proposed inorganic expansion. 

Table Space Technologies Financial Performance 

Table Space Technologies reported a 66.3% year-on-year increase in revenue to ₹2,262.3 crore in FY26 from ₹1,360.5 crore in FY25. 

Its loss narrowed substantially to ₹403.3 crore in FY26, compared with a loss of ₹1,554.1 crore in the previous financial year. 

The company operates in the managed workspace segment and competes with listed players including Smartworks Coworking Spaces, Indiqube Spaces, Awfis Space Solutions and WeWork India Management. 

Planning to invest in an IPO? Open a Demat Account with Angel One and apply for IPOs seamlessly.

Conclusion 

Table Space Technologies has filed its DRHP for an IPO comprising a fresh issue of up to ₹800 crore and an OFS of 6.54 crore shares. The company plans to allocate ₹550 crore of the fresh issue towards debt repayment, while its revenue increased 66.3% in FY26. 

Want to track these market movements in Hindi? Visit Angel One News for daily updates and comprehensive share market news in Hindi.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.