Tablespace Technologies files IPO DRHP
Analysis based on 6 articles · First reported Aug 11, 2026 · Last updated Aug 11, 2026
The IPO filing signals continued momentum in India's managed workspace sector, which has seen increasing office leasing share. The fresh issue of Rs 800 crore will help Tablespace reduce debt and fund expansion, potentially boosting investor interest in the flex-space segment.
Tablespace Technologies, a Bengaluru-based managed workspace provider, filed its Draft Red Herring Prospectus (DRHP) with the India — Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO comprises a fresh issue of up to Rs 800 crore and an offer for sale (OFS) of up to 6.55 crore equity shares. The OFS includes shares from promoter selling shareholders AGS TS II Holdings (owned by Zacks Investment Management funds), Karan Chopra, and Kunal Mehra, as well as other shareholders. The company plans to use the fresh issue proceeds to repay borrowings, fund inorganic growth through unidentified acquisitions, and for general corporate purposes. As of March 31, 2026, Tablespace had a leased area of 9.33 million sq ft, with 98% in Grade A properties, and reported normalised revenue of Rs 2,477.68 crore for FY26, up 56.42% year-on-year. The company reported a net loss of Rs 403.35 crore in FY26, largely due to fair value changes in preference shares. The IPO will place Tablespace among listed peers such as WeWork India Management, Smartworks Coworking Spaces Limited, and Awfis.
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