Advertisement
The Executive Centre is planning an Initial Public Offering (IPO) in Mumbai to raise INR 26 billion (USD 303 million). This aims to capitalize on India's growing demand for workspaces. The flexible workspace manager serves 51,000 customers across Asia and Australia. India's flexible workspace industry is projected to grow to USD 9 billion by 2028. Other firms are also going public. The Executive Centre has engaged Kotak Mahindra Capital Co. and ICICI Securities Ltd. to manage its upcoming listing.
The Executive Centre, a flexible workspace manager, is reportedly planning an Initial Public Offering (IPO) in Mumbai, India. This initiative, recently announced, aims to capitalize on increasing demand for workspace by engaging financial institutions to manage a listing. Advertisement
The Executive Centre is reportedly planning an Initial Public Offering (IPO) in Mumbai to raise 26 billion rupees, which is equivalent to USD 303 million. This move seeks to capitalize on the increasing demand for workspace in India. The company has engaged Kotak Mahindra Capital Co. and ICICI Securities Ltd. to manage the listing. It intends to file preliminary documentation soon.
The Executive Centre operates as a flexible workspace manager. It serves 51,000 customers across various regions, including India, China, Southeast Asia, Sri Lanka, the Middle East, and Australia.
This move aligns with a broader trend in India's flexible workspace industry. Avendus Capital forecasts this industry to grow by approximately 15% to USD 9 billion by 2028. Other companies in this sector, such as Wework India Management Ltd., Awfis Space Solutions Ltd., and Smartworks Coworking Spaces Ltd., are also going public in India. The article highlights the growing importance of flexible workspaces in India's commercial real estate sector.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
