• Fresh Issue Size: A Fresh issue of 10,65,000 equity shares totaling up to Rs 2,492.10 lakh, each with a face value of Rs. 10 is being offered.
• Promoters Contribution: The promoters contribution includes, 2,89,800 equity shares totaling up to Rs 678.13 Lakhs.
• Price Range: The bidding price is set at Rs.234 per share.
• Issue Type: It is 100% Fixed Price issue.
• Subscription date: The issue period begins from February 24th 2025 and ends on February 27th 2025.
• Lot size: It is providing a lot size of 600 
• Listing Date: The IPO is going to be listed on 4th March 2025.
• Stock Exchange: The exchange is going to be the SME platform of BSE.

The company with the help of this IPO seeks to utilize the net proceeds to establish new centers, build a technology platform for better client communication, marketing and general corporate purposes.

The table below (in lakhs) stipulates the restated Financial Information of the company over the last 3 fiscal years and up-till December 31, 2024.

India is experiencing drastic development in the commercial market with companies expanding its operation in India. There has been rapid increase for demand of flexible workspaces due to the companies shift in the manner of working environment prioritizing agility, cost-effectiveness, and collaboration.

The concept of co-working spaces, serviced and managed offices have changed the way of operating and managing for companies with its cost-effective approach.

India is a primary market of office space absorption and is a growing hub for multinational corporations and is one of the fastest–growing flexible workspace globally with penetration level of 4.7% overall office-space stock.

With the drastic development and implementation of IT by companies, Hybrid working has also been constantly preferred and has rapidly evolved since the pandemic and this method of working has proven to become cost effective and efficient with many manufacturing/industrial, banking, financial services and insurance (BFSI) etc. incorporating this method of working for better real estate strategies.

• The company is in the business that provides well serviced and fully equipped work and office space solution to all kinds of manufacturing/industrial, banking, financial services and insurance (BFSI) sectors.

• The company has 7 flexible workspace centers with 4 managed offices with an aggregate seat of 2,796 seats across the Delhi NCR region.
• The company has shown promising returns for the last three years increasing its profit after tax from Rs. 10.64 Lakh in 2022 to Rs. 119.72 lakh in 2024 with Rs. 151.3 lakh as of 31st December 2024.
• The company is run and managed by experienced promoters and efficient management team and aims to enhance its service by expanding its presence in the market with better cost-effectiveness and efficiency.

• The Company is under certain indebtedness that requires certain cash flow to operate freely; failure to repay these secured debts would amount to loss of cash flow adversely affecting the business operations and financial conditions of the company.

• The company’s failure to operate its spaces in efficient hospitality manner and as per regulatory requirements and standards may adversely affect the business operations and financial conditions of the company.
• The company’s significant revenue is generated from Delhi NCR region; any kinds of disruption in the region may adversely affect the business operations and financial conditions of the company.
• The company aims to expand its workspaces due to the anticipated growth of the market, failure to grow in different geographical location may lead to loss of operation adversely affecting the financial conditions of the company.
• The company faces strong competition from well-established companies like WeWork, IWG Pic (Regus & Spaces) who has a strong presence in India and globally.

The commercial market is drastically increasing in India with many big corporations investing and expanding its strength in the market. Many of these companies have started to adapt a different cost-effective method of operating by using and renting out well-equipped workspaces.

India is on the path to become one of the fastest–growing flexible workspace globally covering almost 53 million sq. feet of space in top seven cities as of 2023. 

The company has made a strong business presence in Delhi NCR and has generated healthy income over the last three fiscal years increasing its profit after tax from Rs. 10.64 Lakh in 2022 to Rs. 119.72 lakh in 2024 with Rs. 151.3 lakh as of 31st December 2024.

The company also faces strong competition from well-established companies like WeWork, IWG Pic (Regus & Spaces) who has a strong presence in the Indian market.

Prospective investors should outline the risks given in the RHP prospectus before investing.

The company with the help of this Initial Public Offering (IPO) aims to expand its operations, introduce robust technology for better client customer relation and for marketing and corporate purposes.

The company has created a strong business presence in the Delhi NCR Region however also faces strong competition; Potential investors should outline the risks given in the RHP prospectus before investing.