Hillhouse holds 41.76% in Table Space as DRHP reveals shareholder mix

Table Space has filed its draft red herring prospectus (DRHP) with SEBI for an IPO comprising a fresh issue of shares worth up to Rs 800 crore and an offer for sale (OFS) of up to 6.5 crore shares. Inc42 reports that Hillhouse Investment-backed AGS TS II Holdings Pte Ltd is the largest shareholder with a 41.76% stake on a fully diluted basis and plans to sell up to 4.98 crore shares via the OFS. The top nine shareholders collectively hold 97.06% of the company.

A 22.14% stake held in the name of late promoter Amit Banerji is subject to legal proceedings over the succession of his estate. The Supreme Court has referred the parties to mediation. Cofounders Karan Chopra and Kunal Mehra hold 12.47% and 3.57% respectively. Table Space reported operating revenue of Rs 2,262.3 crore in FY26, up 66% from the previous year, while its net loss narrowed 74% to Rs 403.4 crore.