India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

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.

Smartworks Coworking Spaces is set to launch its ₹582.56 crore IPO on July 10, 2025. Backed by strong financials and market interest, the offer includes both fresh equity and OFS. With grey market premiums already at ₹29, the IPO signals rising investor confidence in India’s growing flexible workspace industry.
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SEBI has taken WeWork India’s IPO filing off its abeyance list, reviving the company’s public listing bid. Promoter Embassy Group confirms the IPO will proceed soon, with a 4.4 crore share offer-for-sale planned. The Embassy views coworking as a key driver of future office demand, describing it as a strategic fit with its real estate business.
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Ahead of its ₹582 crore IPO, Smartworks Coworking Spaces reported a 21% rise in net loss to ₹63.17 crore for FY25. However, revenue surged to ₹1,374 crore, reflecting robust demand. The IPO opens July 10, with proceeds earmarked for expansion, debt repayment, and new fit-outs across India.
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India’s coworking sector is set for a boom, with five IPOs expected to raise over Rs 7,000 crore in the next 18 months. Driven by hybrid work trends, rising demand, and expanding footprints, the flex space market is poised for significant growth, particularly in major cities like Bengaluru and Mumbai.
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IndiQube Spaces has secured SEBI approval for an ₹850-crore IPO, including a ₹750-crore fresh issue and ₹100-crore offer for sale. The funds will support expansion, debt repayment, and corporate needs. Backed by WestBridge Capital, IndiQube aims to tap into India’s growing demand for flexible workspaces amid the hybrid work boom.
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