1
Open
[.]
2
Close
[.]
3
Allotment
—
4
Listing
[.]
Issue Size
[.] shares (agg. up to ₹2,600 Cr)
Listing Date
[.]
✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 3,888.83 | 3,049.18 | 2,317.78 |
| Total Income | 1,346.40 | 1,055.32 | 772.11 |
| Profit After Tax | -80.61 | -56.32 | -7.36 |
| EBITDA | 713.33 | 583.55 | 468.03 |
| NET Worth | -2,712.00 | -3,342.79 | -3,344.80 |
| Total Borrowing | 361.28 | 315.05 | 299.13 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| WeWork India Management Ltd. | Mainboard | ₹2,999.64 Cr | ₹648 | 67.75 | ₹628.65 | -2.99% | ₹715.15 (-1.00%) |
| Dev Accelerator Ltd. | Mainboard | ₹143.35 Cr | ₹61 | 233.25 | ₹64.05 | +5.00% | ₹34.09 (-0.79%) |
| Indiqube Spaces Ltd. | Mainboard | ₹700.00 Cr | ₹237 | null | ₹217.97 | -8.03% | ₹174.65 (+0.87%) |
| PAN HR Solutions Ltd. | SME | ₹17.04 Cr | ₹78 | 8.41 | ₹78.01 | +0.01% | ₹56.65 (+4.91%) |
| Armour Security India Ltd. | SME | ₹26.51 Cr | ₹57 | 17.53 | ₹43.35 | -23.95% | ₹18.10 (+0.00%) |
| Dhara Rail Projects Ltd. | SME | ₹50.20 Cr | ₹126 | 21.43 | ₹157.50 | +25.00% | ₹130.55 (+0.00%) |
| Clear Secured Services Ltd. | SME | ₹85.60 Cr | ₹132 | 23.36 | ₹113.05 | -14.36% | ₹96.50 (-2.53%) |
| Sheel Biotech Ltd. | SME | ₹34.02 Cr | ₹63 | 8.86 | ₹95.55 | +51.67% | ₹69.95 (+2.87%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 our stepdown Subsidiaries, from one of our Corporate Promoters, TEC Singapore, pursuant to the Internal Restructuring Agreement | 2,410.00 |
| 2 | General corporate purposes |
About Executive Centre IPO
Incorporated in 2008, Executive Centre India Ltd. is a subsidiary of The Executive Centre (TEC), a leading premium flexible workspace solutions provider in the Asia-Pacific region. The company offers co-working spaces, private offices, virtual offices, meeting rooms, and enterprise-grade solutions tailored to businesses of all sizes. As of March 31, 2025, the portfolio comprised 89 Operational Centers across 14 cities in seven countries. Services: Premium Co-working Spaces Fully Furnished Private Offices Virtual Office Services Meeting and Conference Rooms Enterprise Workspace Solutions As of March 31, 2025, the company had 938 employees. Competitive Strengths: One of the early international brands to lead the offering of premium flexible workspace solutions in India, with presence across the key markets in Asia Diversified and derisked portfolio of assets with an established long term track record that benefits from multiple growth drivers and synergies within the TEC Group. Premium hospitality driven approach, which acts as a high barrier to entry, resulting in high-quality offering and highest revenue per square foot among our Benchmarked Peers in India. Premium spaces in Grade
Contact Details
Executive Centre India Ltd. AddressLevel 1, First International Financial Centre,Plot Nos. C-54 & C-55, G Block Road,Bandra Kurla Complex,Mumbai, Maharashtra, 400051+ 91 22 6864 384TEC_india.companysecretary@executivecentre.comVisit Website