Executive Centre India Limited

Executive Centre India (NEW IPO): GMP, Profit, Price & expert review

by

Executive Centre India Limited provides premium flexible workspace and serviced office solutions by leasing Grade-A office spaces and converting them into fully managed, tech-enabled work environments for multinational companies and enterprises.

Executive Centre India Limited was incorporated in 2008 & currently Mr. Paul Daniel Salnikow serves as the Managing Director of the company.

Executive Centre India Limited operates 89 centres across 14 cities in 7 countries, offering premium flexible office infrastructure. It serves 1,550+ clients globally, including multinational corporations and enterprises, indicating a strong presence in the premium flexible workspace segment.

Executive Centre India Limited has filed its DRHP with SEBI proposing an IPO consisting entirely as a Fresh Issue of up to ₹ 2600 Cr.

Subscription date to apply for Executive Centre India Limited is yet to be announced. Price band for the IPO is yet to be declared.

Check DRHP
Check IPO Allotment
Visit OfficialWebsite
Issue Size:₹ 2600 Cr
Fresh Issue:₹ 2600 Cr
Offer for Sale:NA
Price Range:TBA
Lot Size:TBA
GMPPending

Executive Centre India Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ -2712.01 Cr
Revenue:₹ 1322.64 Cr
EBITDA₹ 713.32 Cr
EBITDA Margin:~ 53.93%
PAT₹ -80.61 Cr
PAT Margin~ -6.09%
Face Value:₹ 02

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Subsidiary Investment₹ 2410 Cr
Working capital requirementsN/A
Sales and MarketingN/A
General Corporate PurposeN/A

Executive Centre India Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 763.38₹ 1036.62₹ 1322.64
PAT (₹ Cr)₹ -7.36₹ -56.31₹ -80.61
Asset (₹ Cr)₹ 2317.78₹ 3049.18₹ 3888.83
Net Worth (₹ Cr)₹ -3344.8₹ -3342.78₹ -2712.01

Executive Centre India IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
03-May₹ –₹ –₹ –
02-May₹ –₹ –₹ –
01-May₹ –₹ –₹ –
30-Apr₹ –₹ –₹ –
29-Apr₹ –₹ –₹ –

Executive Centre India Limited IPO Pros & Cons

Strengths:

  • Strong presence in the premium flexible workspace segment catering mainly to multinational and enterprise clients.
  • Operates multiple centres across major global business hubs, providing geographic diversification.
  • Growing demand for flexible and managed office spaces due to hybrid work trends.
  • Asset-light business model through leasing and managing Grade-A office spaces instead of owning them.
  • Established brand with a large corporate client base and premium positioning in the coworking industry.

Risks:

  • Business depends heavily on leasing office spaces, leading to high fixed rental commitments.
  • Strong competition from major coworking operators like WeWork, IWG plc, and Awfis Space Solutions.
  • Revenue is sensitive to economic slowdowns and office space demand cycles.
  • High dependence on large enterprise clients, which could impact revenue if contracts are not renewed.
  • Expansion into premium locations requires significant upfront investment and operational costs.

Executive Centre India Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
The Executive Centre Singapore Pte. Ltd.~ 99.67 %
Intelletec Limited~ 0.33 %
––
––
––
––

Executive Centre India Limited Promoters – Pre offer equity (Approx)

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Executive Centre India Limited

Lead / Book Running Lead ManagersKotak Mahindra Capital Company Limited,
ICICI Securities Limited,
Nomura Financial Advisory and Securities (India) Pvt Ltd
Registrar (RTA)KFin Technologies Limited

FAQ’S of Executive Centre India Limited

  • It provides premium flexible workspace, serviced offices, and enterprise office solutions for multinational companies across Asia and the Middle East through tech-enabled managed office centres.

  • Exxecutive Centre India is raising funds via IPO to fund investment in TEC Abu Dhabi to acquire TEC Singapore and TEC Dubai subsidiaries, supporting global expansion.

  • The issue size of the IPO comprises entirely of fresh issue of up ₹ 2600 Cr. It will be listed on BSE and NSE platform.

  • Key risks include high lease liabilities, rising expansion costs, competition in flexible workspace industry, and reported net losses despite strong revenue growth.

  • Upsides include strong growth in flexible workspace demand, presence across 14 cities in 7 countries, and a large multinational client base offer long-term expansion potential.

  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

For more amazing blogs click here (IPO Corner).

Leave a comment