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Executive Centre India files DRHP with SEBI for Rs 2,600 crore IPO

July 25, 2025

Executive Centre India has submitted the Draft Red Herring Prospectus (DRHP) for its upcoming Initial Public Offering(IPO). The IPO will consist of a fresh issue of equity shares amounting to Rs 2600 crore.

Since 2008, Executive Centre India has been offering premium flexible workspaces across India, Singapore, the Middle East, and other parts of Asia. The company operates 89 centres in 14 cities across seven countries.

The company plans to use ₹2,410 crore of the IPO proceeds to invest in its subsidiary, TEC Abu Dhabi, to partially fund the acquisition of step-down subsidiaries TEC SGP and TEC Dubai from TEC Singapore, one of its corporate promoters. The remaining proceeds will be allocated for general corporate purposes.

The book-running lead managers for the issue are Kotak Mahindra Capital Company Limited, ICICI Securities Limited, and Nomura Financial Advisory and Securities (India) Private Limited.

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