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Tablespace Technologies Files DRHP for Rs 800 Crore IPO

By ThePip DeskTablespace Technologies Files DRHP for Rs 800 Crore IPO

Tablespace Technologies files DRHP for an IPO, aiming to raise up to Rs 800 crore via fresh issue and OFS. Funds to be used for debt repayment and acquisitions.

Tablespace Technologies just filed its draft red herring prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The proposed offering will combine a fresh issue of up to Rs 800 crore and an Offer for Sale (OFS) of up to 65.48 million shares.

IPO Structure and Purpose

  • Fresh Issue: Up to Rs 800 crore in equity shares.
  • Offer for Sale (OFS): Up to 65.48 million shares.

Proceeds from the IPO are earmarked for specific uses. These include the repayment or pre-payment of certain existing borrowings and funding inorganic growth via unidentified acquisitions. General corporate purposes will also utilize some of the funds.

Key Advisors

Several financial institutions are managing the offering. These book-running lead managers are crucial to the IPO process.

  • Axis Capital
  • BofA Securities India
  • CLSA India
  • IIFL Capital Services
  • JM Financial

Company Profile

The Bengaluru-based Tablespace Technologies provides managed workspace solutions. Their clientele includes Global Capability Centres (GCCs), Fortune 500 companies, and other multinational corporations. The company’s integrated ‘single-cheque’ model covers the entire workspace lifecycle, from leasing and design to fit-out, operations, facilities management, and compliance.

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