Table Space Technologies Files DRHP With Sebi For ₹800-Crore IPO; Plans OFS Of Up To 6.55 Crore Shares
New Delhi: Managed workspace solutions provider Tablespace Technologies Ltd has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO), comprising a fresh issue of Rs 800 crore. Along with this, there will be an OFS of up to 6.55 crore equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. Hillhouse backed Bengaluru…
Managed workspace solutions provider Tablespace Technologies Ltd has filed draft papers with India's securities regulator Sebi to raise up to Rs 800 crore via an Initial Public Offering (IPO). The Draft Red Herring Prospectus (DRHP) filed on Monday outlines the company's plans to issue a fresh share allocation of ₹800 crore, along with an Offer for Sale (OFS) of up to 6.55 crore equity shares.
The shares will be offered by the company's promoters, Hillhouse Investment, and individual investors, with existing shareholders also participating in the OFS. The proceeds from the IPO will be utilized for debt repayment, pre-payment, and supporting inorganic growth through unidentified acquisitions. Table Space operates a single-cheque model, offering leasing, design, fit-out, operations, facilities management, and compliance services for managed workspace solutions across Global Capability Centres, Fortune 500 companies, and multinational corporations.
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