Table Space For Next Months $350 Million IPO Draft Papers: Report

India's startup ecosystem could soon witness another major public listing as managed workspace company Table Space is reportedly preparing to file its Draft Red Herring Prospectus (DRHP) with SEBI next month for an Initial Public Offering (IPO) worth up to $350 million. According to reports, the IPO is expected to include a fresh issue of shares worth around ₹1,000 crore along with an Offer for Sale (OFS) by existing investors. While the company has not officially confirmed the details, the move highlights the growing confidence in India's commercial real estate and flexible office space sector. Investment banks such as Axis Capital, IIFL Capital Services, BofA Securities, and CLSA are said to be managing the proposed public issue.

Founded in 2017, Table Space has built its business by providing fully managed office spaces for large enterprises and global capability centres (GCCs) across major Indian cities. Unlike traditional coworking operators, the company focuses on customized office solutions for large corporate clients, offering everything from workspace design to day-to-day facility management. Today, it manages more than 11 million square feet of office space across over 80 centres and serves hundreds of enterprise customers. Although the company reported a significant accounting loss in FY25 due to exceptional items, its operating revenue grew by more than 50%, reflecting strong demand for premium managed workspaces. The planned IPO is seen as a strategic step to strengthen its financial position and support future expansion as India's office market continues to recover and grow.