Executive Centre India Ltd. IPO Details
Executive Centre India was incorporated on May 12, 2008. The company provides premium flexible office spaces across India, Southeast Asia, and the Middle East. It leases and customizes Grade A office spaces for multinational and mid-sized clients, offering flexible workspace solutions
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹26,000.0 M | DRHP DOC |
Executive Centre India issue details
Executive Centre India IPO issue size is ₹ 26,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Executive Centre India IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Executive Centre India NUMBER OF SHARES ON OFFER
Executive Centre India FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 1,322.6 | -93.7 | 757.2 | 508.5 | 53.9% |
| FY24 | 1,036.6 | -55.1 | 639.9 | 387.0 | 56.3% |
| FY23 | 763.4 | -11.9 | 524.3 | 375.1 | 61.3% |
Executive Centre India INFORMATION ON IPO ISSUE
About Executive Centre India
Executive Centre India was incorporated on May 12, 2008. The company provides premium flexible office spaces across India, Southeast Asia, and the Middle East. It leases and customizes Grade A office spaces for multinational and mid-sized clients, offering flexible workspace solutions
Object of the Issue
- 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 the step-down subsidiaries, from one of the corporate promoters, TEC Singapore, pursuant to the internal restructuring agreement
- General corporate purposes
Executive Centre India Book Running Lead Manager
Kotak Mahindra Capital Company Limited
executivecentreindia.ipo@kotak.com
ICICI Securities Limited
tec.ipo@icicisecurities.com
Nomura Financial Advisory and Securities (India) Private Limited
theexecutivecentreipo@nomura.com
Executive Centre India Registrar to the Offer
KFin Technologies Limited
executive.ipo@kfintech.com
Executive Centre India Strengths
Premium brand positioning
The company has established a strong brand presence as a premium flexible workspace provider across India, Singapore, the Middle East, and Asia. It is widely associated with high-end service, premium design, and excellent accessibility
High occupancy rates
The company maintains the highest operational occupancy and revenue per square foot among its benchmarked peers in India. Its ability to mature ramp-up centres quickly and retain clients for longer tenures demonstrates client confidence in its services
Diverse MNC clientele
The company serves a broad and loyal client base of over 1,550 unique customers in Fiscal 2025, including MNCs such as BBVA, Zscaler, Open Text, and National Payments Corporation of India. Its client relationships span across India, Singapore, the Middle East, and Asia
Executive Centre India Risks
Client termination
The company primarily earns revenue from license fees, these fees are derived from licensing workstations to clients under agreements that typically range up to 72 months. However, early terminations, non-renewals, or defaults in contractual payments by clients could adversely impact the company’s business
Overseas operations
A significant portion of the company's revenue comes from international operations across countries including Singapore, the United Arab Emirates, and others in Asia. These overseas operations expose the company to complex legal, tax, regulatory, and geopolitical risks
Property ownership
The company does not own the properties where its operational centers are located, relying instead on lease agreements. Any defect in landlords' property titles or failure to renew leases could lead to center shutdowns, relocation costs, or even client contract terminations
IPO FAQs
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.