Archive · 29 Sep 2026
Table Space IPO Faces Sebi Challenge Over Promoter Classification
Table Space wants to sell shares to the public through an IPO.
The IPO could raise about ₹800 crore.
But there is a disagreement about who owns a large part of the company.
The disputed shares belonged to Amit Banerji, who died 19 months ago.
His mother, Sarita, and his wife, Shruti, along with Shruti’s daughter, are involved in the dispute.
The company classified Sarita as a promoter.
Shruti has asked Sebi to examine that decision and other concerns.
This could affect how the company is controlled after it becomes publicly listed.
Table Space Technologies is pursuing an ₹800-crore initial public offering.
A stake of nearly one-quarter of the company is disputed after Amit Banerji’s death.
The dispute is between Amit Banerji’s mother, Sarita Banerji, and his wife, Shruti Banerji, and their minor daughter.
Table Space filed for the IPO in August 2026.
Shruti Banerji wrote to Sebi on 29 August challenging Sarita Banerji’s classification as a promoter and raising other issues.
- Who
- Table Space Technologies Ltd, Sarita Banerji, Shruti Banerji, Amit Banerji’s minor daughter, and the Securities and Exchange Board of India.
- What
- A dispute over ownership of nearly one-quarter of Table Space and Sarita Banerji’s classification as a promoter has reached Sebi during the company’s IPO process.
- When
- Table Space filed for the IPO in August 2026; Shruti Banerji wrote to Sebi on 29 August. Amit Banerji died 19 months earlier.
- Where
- The dispute concerns Table Space Technologies Ltd in Mumbai and has been taken to Sebi.
- Why
- Shruti Banerji is challenging the company’s promoter classification decision and raising other issues related to ownership, control, and governance.
Shruti Banerji’s position
Company’s classification
Promoter status
Shruti Banerji’s position
Shruti Banerji is challenging Table Space’s decision to classify Sarita Banerji as a promoter.
Company’s classification
Table Space has classified Sarita Banerji as a promoter.
Ownership and control
Shruti Banerji’s position
Shruti Banerji’s challenge reflects a dispute involving Amit Banerji’s stake and the interests of his wife and minor daughter.
Company’s classification
The company is proceeding with its IPO while the ownership question remains unresolved.
Regulatory review
Shruti Banerji’s position
Shruti Banerji has asked Sebi to consider the promoter-classification decision and other issues.
Company’s classification
The matter has reached Sebi, but the article does not state that the regulator has issued a final decision.
- Company
- Table Space Technologies Ltd
- Proposed IPO size
- ₹800 crore
- Disputed stake
- Nearly one-quarter of the company, described as more than one-fifth of its pre-offer equity
- IPO filing
- August 2026
- Regulator
- Securities and Exchange Board of India (Sebi)
- Complaint date
- 29 August
- Core dispute
- Ownership of Amit Banerji’s stake and Sarita Banerji’s classification as a promoter