Tablespace Technologies has filed draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). The proposed IPO will be a combination of a fresh issue of equity shares worth up to Rs 800 crore and an offer for sale (OFS) of up to 65.48 million shares.
The IPO proceeds will be used for repayment or pre-payment of certain borrowings and funding inorganic growth through unidentified acquisitions, along with general corporate purposes. Axis Capital, BofA Securities India, CLSA India, IIFL Capital Services and JM Financial are the book-running lead managers to the issue.
The Bengaluru-headquartered company provides managed workspace solutions to Global Capability Centres (GCCs), Fortune 500 companies and multinational corporations. Its integrated ‘single-cheque’ model covers leasing, design, fit-out, operations, facilities management and compliance across the workspace lifecycle.
| Company Name | CMP |
|---|---|
| Indegene | 565.10 |
| Syngene Internatl. | 408.90 |
| JITF Infralogistics | 350.00 |
| CMS Info Systems | 255.55 |
| Sagility | 43.28 |
| View more.. | |
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