Overview

• The IPO comprises an entirely fresh issue of equity shares aggregating ₹2,600 Crore with no offer-for-sale component.
• Filed on July 24 with SEBI, the DRHP awaits regulatory clearance and lists Kotak Mahindra Capital, ICICI Securities and Nomura Financial Advisory as book running lead managers.
• Executive Centre India operates 89 premium flexible workspaces across 14 cities in seven countries under the three-decade-old TEC Group.
• In FY25, revenue rose 27.6% year-on-year to ₹1,322.6 Crore while EBITDA climbed to ₹713.3 Crore, underscoring robust profitability gains.
• Net proceeds will support an investment in direct subsidiary TEC Abu Dhabi and part-payment for acquisitions of TEC SGP and TEC Dubai.