Tablespace Technologies Ltd. IPO Details
Tablespace Technologies was incorporated on March 3, 2017. The company provides premium managed workspace solutions mainly to Fortune 500 companies, Global Capability Centres (GCC) and multinational corporations, offering an integrated lease, design, build and operate model. With 9.33 million sq. ft. of leased area as of March 31, 2026, it provides customised, end-to-end office solutions across multiple cities, enabling clients to scale efficiently
| 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 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 65.5 M | - | - | ₹8,000.0 M | DRHP DOC |
Tablespace Technologies issue details
Tablespace Technologies has 65.5 M shares on offer
Tablespace Technologies IPO issue size is ₹ 8,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Tablespace Technologies 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 |
Tablespace Technologies NUMBER OF SHARES ON OFFER
Tablespace Technologies 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 |
| FY26 | 2,262.3 | -403.4 | 1,463.6 | 688.7 | 18.3% |
| FY25 | 1,360.5 | -1,554.1 | 759.1 | 183.9 | 12.8% |
| FY24 | 906.2 | 5.3 | 475.1 | -22.7 | 10.0% |
Tablespace Technologies INFORMATION ON IPO ISSUE
About Tablespace Technologies
Tablespace Technologies was incorporated on March 3, 2017. The company provides premium managed workspace solutions mainly to Fortune 500 companies, Global Capability Centres (GCC) and multinational corporations, offering an integrated lease, design, build and operate model. With 9.33 million sq. ft. of leased area as of March 31, 2026, it provides customised, end-to-end office solutions across multiple cities, enabling clients to scale efficiently
Object of the Issue
- Repayment or pre-payment, in full or in part, of certain or all of the borrowings
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Tablespace Technologies - PROMOTERS
| Name |
|---|
| Karan Chopra |
| Kunal Mehra |
| Sarita Banerji |
| KAM Advisors Private Limited |
| AGS TS II Holdings Pte. Ltd. |
Tablespace Technologies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Karan Chopra | Chairman, Whole-time Director & Co-Chief Executive Officer |
| Kunal Mehra | President, Whole-time Director & Co-Chief Executive Officer |
| Joseph Raymond Gagnon | Non-Executive Nominee Director |
| Siddhartha Gupta | Non-Executive Nominee Director |
| Nilesh Shivji Vikamsey | Independent Director |
| Ganesh Natarajan | Independent Director |
| Mukeeta Pramit Jhaveri | Independent Director |
| Anthony Charles Philip Couse | Independent Director |
Tablespace Technologies Book Running Lead Manager
Axis Capital Limited
tablespace.ipo@axiscap.in
BofA Securities India Limited
dg.tablespace_ipo@bofa.com
CLSA India Private Limited
tablespace.ipo@clsa.com
IIFL Capital Services Limited
Tablespace.ipo@iiflcap.com
JM Financial Limited
tablespace.ipo@jmfl.com
Tablespace Technologies Registrar to the Offer
KFin Technologies Limited
tablespace.ipo@kfintech.com
Tablespace Technologies Strengths
High-quality & diversified client base
The company has a strong enterprise client base of 431 unique clients, including 45 Fortune 500 companies, 115 GCCs and 348 multinational companies as of March 31, 2026. With 55.49% of leased area from U.S.-headquartered clients, its dedicated U.S. presence supports client relationships, business expansion and revenue growth
Robust business model
India’s flexible workspace market offers a large opportunity of 330-350 million sq. ft. and Rs 980-1,365 billion in rental value by 2028, with flexible operators’ share of leasing rising to 18-23% in 2025. The growing preference for office-based work, with 94% of occupiers favouring at least three days in the office, is further supporting workplace demand and utilisation
Proprietary technology platform
The company has developed a proprietary end-to-end technology platform covering office sourcing, leasing, design, delivery, facility management, compliance and employee experience services. This technology improves transparency, reduces project turnaround time and enables continuous innovation
Tablespace Technologies Risks
Lease renewal & cash flow risk
The company faces asset-liability and lease payment risks if client leases are not renewed or do not adequately match landlord lease terms, potentially increasing vacancy and cash-flow pressures. Delays or defaults in client payments could also impair its ability to meet lease rental obligations to landlords, adversely affecting profitability and financial performance
Brand reputation
The company’s reputation and client retention depend on the quality of its managed workspaces and services, supported by effective processes, trained personnel and grievance management. Any negative client experience or service deficiency could damage its brand, reduce client retention and adversely affect its business and financial performance
Lease renewal & cash flow risk
The company’s growth is closely linked to the expansion of GCCs in India, with 115 GCC clients accounting for 53.50% of its leased area as of March 31, 2026. A slowdown in GCC expansion or increased AI-driven automation reducing workforce and office-space requirements could lower demand for managed workspaces and adversely affect its business and financial performance
IPO FAQs
The promoters of the company are Karan Chopra, Kunal Mehra, Sarita Banerji, KAM Advisors Private Limited and AGS TS II Holdings Pte. Ltd..
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%.