Table Space, a managed office space provider, has received board approval to raise INR 200 Cr through private placement before its upcoming IPO. The funds raised will be part of the fresh issue, constituting 20% of the total amount. The IPO is expected to include a mix of fresh issue and offer-for-sale components.
Transitioning from a private entity to a public company in 2025, Table Space has been strategically planning its IPO. The startup’s board and shareholders greenlit the IPO last year, with preparations dating back to 2024 when the company aimed to file its draft red herring prospectus.
In the midst of these financial moves, Table Space faced a leadership change following the passing of founder Amit Banerji in early 2025. Co-founders Karan Chopra and Kunal Mehra subsequently assumed the roles of co-CEOs and later became whole-time directors.
Despite the company’s resilience, specifics of the IPO and the timeline for listing remain undisclosed as Table Space did not respond to queries. The startup’s journey, marked by significant financial decisions and leadership changes, underscores the evolving landscape of managed office spaces and the strategic importance of going public.
Source: Inc42 Media