Executive Centre India Gets SEBI Nod for Rs 2,600-Crore IPO

• Executive Centre India, a premium flexible workspace provider, received SEBI approval for a Rs 2,600-crore Initial Public Offering (IPO).
• The IPO is entirely a fresh issue of equity shares, with no offer-for-sale component, as per the draft red herring prospectus filed in July.
• Proceeds will fund investments in subsidiary TEC Abu Dhabi and part-payment for acquiring step-down subsidiaries TEC SGP and TEC Dubai.
• Operating in India since 2008, the company is part of the TEC Group, which has over three decades of experience in space-as-a-service.
• The company reported a revenue of Rs 1,322.64 crore in FY25, a 27.59% growth over FY24, with an EBITDA of Rs 713.32 crore.

Why It Matters: Executive Centre India secured SEBI approval for a Rs 2,600-crore IPO to fund expansion and acquisitions.