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Indiqube Spaces Limited IPO

Indiqube Spaces Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 216.00 (-8.86%)

Following its successful public offering, Indiqube Spaces Limited's made its market debut on 30-07-2025 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 2,95,35,865 Shares in total capital, including 2,74,26,160 Shares in primary equity infusion and ₹50.00 Cr in secondary share sales.

The offering was structured with a price band of ₹225 to ₹237 and minimum investment lots of 63 shares. Investor participation during the subscription window from 23-07-2025 to 25-07-2025 demonstrated market confidence in the company's prospects.

The allotment process concluded on 28-07-2025, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

Indiqube Spaces IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Indiqube Spaces IPO Key Performance Indicator
Company Financials ( In Crores )

Indiqube Spaces IPO About Company

Founded in 2015, this company offers tech-driven and sustainable managed workplace solutions. It operates 103 centers across 13 cities, covering 7.76 million square feet with 172,451 seats. Between March 2022 and June 2024, it added 41 new properties and expanded to five new cities. About 31.67% of its portfolio includes renovated buildings. Its presence spans major cities like Bengaluru, Pune, Chennai, Mumbai, Noida, Gurugram, and Hyderabad, along with other cities such as Coimbatore, Kochi, Madurai, Jaipur, Calicut, and Vijayawada. The company provides flexible co-working spaces, fully customizable premium office setups, and property management services enhanced by technology. It also offers an app for desk bookings, transport, meals, helpdesk, and events. Its business model focuses on acquiring full buildings in high-demand areas and working with landlords to renovate older spaces into modern work environments, primarily catering to large enterprise clients. As of June 30, 2024, the company employs 625 permanent staff members.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Indiqube Spaces IPO Strength Factors

  1. Leading position in a fast-growing market: Major player in India’s flexible workspace sector, serving both enterprises and SMEs
  2. Smart growth strategy: Focused on acquiring entire buildings in prime locations and upgrading unused spaces into premium workspaces
  3. Efficient and scalable operations: Strong performance driven by in-house design, technology, and effective management

Indiqube Spaces IPO Risk Factors

  1. High dependence on few cities: Over 90% of revenue comes from Bengaluru, Pune, and Chennai, making it prone to regional risks
  2. Sensitive to real estate market changes: Shifts in commercial property prices can affect leasing costs and profits
  3. History of financial losses: The company has faced losses in recent years, which may impact its financial health and cash flow

Indiqube Spaces IPO Lead Manager(s)

  • ICICI Securities Limited
  • Jm Financial Limited

Indiqube Spaces IPO Promoter(s)

  1. Rishi Das
  2. Meghna Agarwal
  3. Anshuman Das

Indiqube Spaces IPO Company Details

Indiqube Spaces Limited
Phone:
address:

Indiqube Spaces IPO Registrar

Link Intime India Private Ltd
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Phone:

Indiqube Spaces IPO FAQs