IPO Archives - Flex Insights

Smartworks Secures SEBI Approval for IPO Amid Rapid Expansion 0

Smartworks secures SEBI approval for its IPO, marking a key milestone in its expansion strategy. With 41 centres across 13 Indian cities and a recent entry into Singapore, the company reported ₹10.39 billion in revenue in FY24. Backed by Keppel Ltd., Smartworks plans to invest ₹2.38 billion in future growth.

India’s Coworking Industry Surges Amid IPO Boom and Rising Demand 0

Coworking

November 26, 2024

India’s coworking sector is booming, driven by hybrid work models, rising office rents, and IPO activity. Awfis, Smartworks, and DevX lead the IPO wave, while expansion into Tier-II and Tier-III cities signals future growth. Flexible workspaces now account for 15% of leasing, with demand projected to grow 60% by 2028.

WeWork India Grows Revenue to Rs 1,665 Cr in FY24, Eyes IPO Amid Restructuring Challenges 0

WeWork India reported a 26.7% revenue growth to Rs 1,665 crore in FY24, reducing losses and achieving a strong EBITDA margin of 64.42%. Amid its global parent’s restructuring, WeWork India is considering an IPO with a $2-2.5 billion valuation, reflecting confidence in India’s flexible workspace demand.

Awfis Seizes First-Mover Advantage with IPO Amidst Co-Working Boom 0
- Industry News
- October 18, 2024
Awfis Space Solutions, a leading co-working provider in India, has gone public, leveraging its innovative profit-sharing model. Chairman Amit Ramani highlights investor confidence, growth in Tier II cities, and the rising demand for flexible workspaces as key drivers behind the company’s expansion, despite challenges posed by the pandemic and global competitors.
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Table Space Targets $2.5B Valuation in Anticipated IPO 0
- Industry News
- October 17, 2024
Table Space, a leading Indian managed workspace provider, is targeting a $2.5 billion valuation for its 2025 IPO. With over 60 centres and major clients like Google and Apple, the company plans to nearly double its 9.5 million sq ft footprint within three years, despite global coworking market challenges.
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Dev Accelerator’s Ambitious Expansion in Coworking Spaces Backed by IPO 0
- Industry News
- October 8, 2024
Dev Accelerator Limited is set to expand its coworking spaces through a new IPO, offering 2.47 crore equity shares. The funds will be used to set up new spaces, repay debts, and general corporate purposes. After turning profitable in FY24, the company aims to solidify its position in the flexible workspace market.
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