Executive Centre India, a top flexible workspace provider, has submitted its draft documents to SEBI to raise ₹2,600 crore through a new public issue.
The funds will be used to support its international subsidiaries and acquisitions, showing another big step in the fast-moving flex space market in India.
On July 23, 2025, Executive Centre India officially submitted its Draft Red Herring Prospectus to SEBI. This step shows their intention to raise ₹2,600 crore via a completely fresh issue, which means none of the current promoters or shareholders will be selling their shares.
Purpose of the IPO
Out of the total funds raised, a large portion, ₹2,410 crore, will be used for:
- Investing in TEC Abu Dhabi, a group subsidiary
- Funding the acquisition of affiliated companies in Singapore and Dubai
The remaining amount will be used for general corporate needs to keep the company growing.
Inside Executive Centre India
Who Are They?
Executive Centre India was started in 2008 and has made a name for itself in the premium flexible workspace market. It operates 89 centres across 14 cities in seven countries, including India, Singapore, and the UAE.
Financial Snapshot (FY 2025)
- Revenue: ₹1,322.6 crore, up 27. 6% compared to the previous year
- Net Loss: ₹80.6 crore, which is more than the ₹56. 3 crore loss in FY 2024
Even though the company is still losing money, the rise in revenue shows strong interest in high-end coworking spaces in Asia and the Middle East.
IPO Momentum in India’s Flex Space Sector
Executive Centre is the fourth major flex space company in India to move towards a public listing, following:
- WeWork India Management – IPO approved by SEBI
- Awfis Space Solutions – already listed and traded
- Smartworks Coworking Spaces – recently raised ₹583 crore through IPO
This trend shows increasing confidence in flexible workspaces as a key part of the real estate industry.
Lead Managers & Pre-IPO Plans
Merchant Bankers:
The IPO is being handled by a team of experienced professionals:
- Kotak Mahindra Capital
- ICICI Securities
- Nomura Financial Advisory & Securities (India)
Pre-IPO Placement Possibility:
The company might also look into a pre-IPO placement of ₹520 crore. If that happens, the size of the public issue could go down.
Final Thoughts
As Executive Centre India gets ready for its public market debut, its strategy to fund global expansions shows big plans for international growth.
With the flex space sector in India moving quickly, this IPO could help the company become a leading player in Asia and the Middle East.
Stay tuned for more updates as The FlexInsights keeps track of the industry leaders shaping the future of workspaces. Executive Centre India Files for ₹2,600 Crore IPO to Fuel Global Expansion
