Executive Centre India Gets SEBI Nod for ₹2600 Crore IPO

• Executive Centre India has received SEBI approval for its Initial Public Offering (IPO) to raise ₹2600 crore.
• The company filed its draft IPO papers in July 2025, proposing a fresh issue of equity shares with no Offer-for-Sale (OFS) component.
• Executive Centre India, a Mumbai-based provider of premium flexible workspace solutions, has operated in India since 2008 as part of the TEC Group.
• The IPO proceeds will fund investments in TEC Abu Dhabi and finance acquisitions of TEC SGP (a step-down subsidiary of TEC Singapore) and TEC Dubai.
• The company reported a 27.59% revenue increase to ₹1,322.64 crore in FY2025, with EBITDA at ₹713.32 crore, and operates 89 centers across 14 cities in 7 countries.

Why It Matters: Executive Centre India secured SEBI approval for a ₹2600 crore IPO to expand its flexible workspace solutions.