Executive Centre India Ltd IPO
Pre Issue Shares
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No. of Shares Issued
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Pre Issue Equity Amt.
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DP Filling Date
23 July 2025
Executive Centre India Ltd IPO Timeline
Executive Centre India Ltd IPO Details
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| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | George Raymond Zage III, Paul Daniel Salnikoff, Willow Holdco Pte. Ltd |
- Strengths
- Risks
- Opportunities
- One of the early international brands to lead the offering of premium flexible workspace solutions in India, with presence across the key markets in Asia.
- Diversified and derisked portfolio of assets with an established long term track record that benefits from multiple growth drivers and synergies within the TEC Group.
- Premium hospitality driven approach, which acts as a high barrier to entry, resulting in high-quality offering and highest revenue per square foot among our Benchmarked Peers in India.
- Premium spaces in Grade A properties in Central Business Districts and key clusters and supported by long-term relationships with reputed landlords
- Marquee, loyal, diverse and largely MNC Client base
- Highest Occupancy Rates among our Benchmarked Peers in India with Proven Track Record of Rapid Center Maturity across all markets.
- Self-sustainable business model focused on strong unit economics delivering revenue growth and generating net cash flows from operating activities
- Experienced managerial strength with extensive global experience and proven track record, supported by prominent investors providing a stable source of capital
Company Financials
Executive Centre India Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | - | - | - |
| 03-2023 | 497.32 | 400.25 | 24.54 |
| 03-2022 | 403.74 | 290.17 | 9.98 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in TEC Abu Dhabi, our direct Subsidiary, for financing the part-payment of the consideration for the acquisition of TEC SGP and TEC Dubai, two of our stepdown Subsidiaries, from one of our Corporate Promoters, TEC Singapore,
- General corporate purposes*
Executive Centre India Ltd IPO Prospectus
Executive Centre India Ltd IPO Listing Date
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Company Contact Information
Executive Centre India Ltd
Level 1 First.Intl.Fina.CentreNo.C-54&C-55 G Block Rd Bandra,Mumbai-400051
Phone: +91 22 6864 3849
Email: TEC_india.companysecretary@executivecentre.com
Website: www.executivecentre.in
Level 1 First.Intl.Fina.CentreNo.C-54&C-55 G Block Rd Bandra,Mumbai-400051
Phone: +91 22 6864 3849
Email: TEC_india.companysecretary@executivecentre.com
Website: www.executivecentre.in
Executive Centre India Ltd IPO Registrar
Executive Centre India Ltd IPO Lead Manager(s)
- Kotak Mahindra Capital Company Limited
- ICICI Securities Limited
- Nomura Financial Advisory & Securities (I) Pvt ltd
How to Check the Allotment Status of Executive Centre India Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Executive Centre India Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Executive Centre India Ltd IPO
Executive Centre India Limited was incorporated as 'Executive Centre India Private Limited' on May 12, 2008, a private limited company at Mumbai, Maharashtra, India, pursuant to a certificate of incorporation issued by the RoC. Upon the conversion of Company to a public limited, the name was changed to 'Executive Centre India Limited', and a fresh certificate of incorporation dated June 4, 2025 was issued by the RoC.