Executive Centre India IPO is fully book build issue and total IPO size is ₹260 crores. The entire share offering is a fresh issue worth ₹260 crores.
The dates for the Executive Centre India IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Executive Centre India IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Executive Centre India IPO has not been announced yet.
Registrar for this IPO is Kfin Technologies Limited and lead managers for Executive Centre India IPO are Kotak Mahindra Capital Company Limited, Icici Securities Limited, Nomura Financial Advisory And Securities (India) Private Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹2 Per Equity Share |
| Total Issue Size | ₹260.00 Crores |
| Fresh Issue | ₹260.00 Crores |
| Issue Type | Fresh Issue |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 75% |
| Retail | 10% |
| NII/HNI | 15% |
About Executive Centre India Limited Company
Executive Centre India Limited, established in 2008, is a leading provider of premium flexible workspace solutions across India, Singapore, and the Middle East. As of March 2024, the company has a total stock of 1.10 million square feet, with 45 centres across 7 cities in India. Operational occupancy stands at 93.42%, and mature centres boast an impressive 94.02% occupancy.
Key financial highlights for FY24 include an annual revenue of ₹52.36 crore and an operational revenue of ₹50.95 crore. Rental revenue reached ₹43.17 crore, with a revenue per square foot of ₹4,632.04. The annual EBITDA is reported at ₹27.79 crore, resulting in an EBITDA margin of 54.54%. Key solutions offered are Premium Serviced Offices, Managed Enterprise Solutions, Virtual Offices and Coworking. Ancillary revenue is earned through Meetings & conference, Event spaces, Event planning services, Origo Barista Bars (F&B) and IT Support.
Executive Centre India Limited Financial Details
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 3888.83 | 3049.18 | 2317.78 |
| Revenue | 1322.64 | 1036.62 | 763.39 |
| Profit After Tax | -80.61 | -56.32 | -7.36 |
| Net Worth | -272.84 | -334.61 | -334.94 |
| Reserves and Surplus | -2763.12 | -3377.02 | -3380.25 |
| Total Borrowing | 361.28 | 315.05 | 299.13 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| (2.32) | NA | (78.19) |
Offer Objectives
The company plans to raise funds through a fresh issuance of equity shares, aggregating up to ₹2,600 crore. The net proceeds from this issue will be allocated to two primary objectives.
Objective 1: Investment in TEC Abu Dhabi. A significant portion, ₹2,410 crore, is earmarked for TEC Abu Dhabi, a direct subsidiary, to finance the part-payment for acquiring TEC SGP and TEC Dubai from TEC Singapore, following an internal restructuring agreement. This investment is aimed at consolidating the company's operations in Southeast Asia and the Middle East with its Indian operations, while reducing liabilities and leveraging internal accruals for growth.
Objective 2: General Corporate Purposes. The remaining net proceeds will be utilized for general corporate activities, not exceeding 25% of the gross proceeds as per SEBI regulations. These activities include strengthening marketing, brand building, covering ongoing business expenses (salaries, rent, administration), and upgrading technology. The exact allocation will be determined by the board based on business needs.
A Pre-IPO placement of up to ₹520 crore may also be undertaken, subject to compliance with regulations. Proceeds from the Pre-IPO placement, if any, will be attributed towards either of the above objectives at the company's discretion. The subscribers to the Pre-IPO placement will be intimated about the uncertainty of the IPO proceedings. Any unutilized funds will be reallocated in Fiscal 2027 as per applicable laws.
Company Details
Address:
Level 1, First International Financial Centre, Plot Nos. C -54 & C -55, G Block Road, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
Phone: + 91 22 6864 3849
Email: [email protected]
Website: http://www.%20executivecentre.in
IPO Registrar Details
KFin Technologies Limited
Phone: +91 40 6716 2222, 1800 3094 001
Email: [email protected]
Website: http://www.kfintech.com
Offer Prospectus & Documents
Lead Managers
- Kotak Mahindra Capital Company Limited
- ICICI Securities Limited
- Nomura Financial Advisory and Securities (India) Private Limited
