Bookbuilding IPO | ₹2,600 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Executive Centre India Ltd. on January 15, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Executive Centre India Ltd. IPO is a Book Build Issue of ₹2,600.00 crores consisting solely of fresh issue of shares with no offer for sale component.
The equity shares are proposed to be listed on NSE and BSE. Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Executive Centre IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹2,600 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹2,600 Cr) |
| Share Holding Pre Issue | 34,68,40,810 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jul 23, 2025 |
| SEBI/Exchange approval received | Thu, Jan 15, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII Shares Offered | Not more than 15.00% of the Net Issue |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2008, Executive Centre India Ltd. is a subsidiary of The Executive Centre (TEC), a leading premium flexible workspace solutions provider in the Asia-Pacific region.
The company offers co-working spaces, private offices, virtual offices, meeting rooms, and enterprise-grade solutions tailored to businesses of all sizes.
As of March 31, 2025, the portfolio comprised 89 Operational Centers across 14 cities in seven countries.
Services:
As of March 31, 2025, the company had 938 employees.
Competitive Strengths:
Executive Centre India Ltd.'s revenue increased by 28% and profit after tax (PAT) dropped by 43% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 3,888.83 | 3,049.18 | 2,317.78 |
| Total Income | 1,346.40 | 1,055.32 | 772.11 |
| Profit After Tax | -80.61 | -56.32 | -7.36 |
| EBITDA | 713.33 | 583.55 | 468.03 |
| NET Worth | -2,712.00 | -3,342.79 | -3,344.80 |
| Total Borrowing | 361.28 | 315.05 | 299.13 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in TEC Abu Dhabi, the direct Subsidiary, for financing the part-payment of the consideration for the acquisition of TEC SGP and TEC Dubai, two of our stepdown Subsidiaries, from one of our Corporate Promoters, TEC Singapore, pursuant to the Internal Restructuring Agreement | 2,410.00 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 18.50% |
| EBITDA Margin | 53.93% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100.00% |
Executive Centre IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹2,600 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Executive Centre IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Executive Centre IPO using UPI as a payment gateway. Zerodha customers can apply in Executive Centre IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Executive Centre IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Executive Centre IPO dates are not announced. Please check back again after some time.
Executive Centre IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Executive Centre IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Executive Centre IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Executive Centre IPO allotment status.
The Executive Centre IPO listing date is not yet announced. The tentative date of listing is .
