INDIQUBE SPACES IPO is a fully book-built issue with a total IPO size of ₹700.00 crores. The offering comprises a fresh issue of ₹650.00 crores and an offer for sale (OFS) of ₹50.00 crores.
The dates for the INDIQUBE SPACES IPO have been announced. The IPO will open on July 23, 2025 and close on July 25, 2025.
The allotment process is expected to be finalized by July 28, 2025. The INDIQUBE SPACES IPO is scheduled to list on NSE and BSE, with a tentative listing date of July 30, 2025.
The price band for the INDIQUBE SPACES IPO is ₹225 to ₹237 per share. The lot size is 63 shares, with a minimum investment of approximately ₹14,931.
Registrar for this IPO is MUFG Intime India Private Limited (formerly Link Intime) and lead managers are ICICI Securities Limited and JM Financial Limited.
Explore more upcoming IPOs in India for comparison and investment planning.
IPO Schedule
| IPO Open Date | Wednesday, 23 Jul, 2025 |
|---|---|
| IPO Close Date | Friday, 25 Jul, 2025 |
| IPO Allotment Date | Monday, 28 Jul, 2025 |
| Refund Initiation | Tuesday, 29 Jul, 2025 |
| Share credit in Demat | Tuesday, 29 Jul, 2025 |
| Listing Date | Wednesday, 30 Jul, 2025 |
Key Details
| Price Band | ₹225 to ₹235 Per Share |
|---|---|
| Lot Size | TBA |
| Face Value | ₹1 Per Equity Share |
| Total Issue Size | ₹700.00 Crores |
| Fresh Issue | ₹650.00 Crores |
| OFS Issue | ₹50.00 Crores |
| Issue Type | Fresh Issue and an Offer for Sale |
| Listing At | NSE, BSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 75% |
| Retail | 10% |
| NII/HNI | 15% |
About Indiqube Spaces Limited Company
IndiQube Spaces Limited offers comprehensive, sustainable, and technology-driven managed workplace solutions, transforming the traditional office experience. We provide large corporate offices (hubs) to small branch offices (spokes), combining interiors, amenities, and value-added services (VAS) to enhance employee experience.
As of June 30, 2024, we manage 103 centers across 13 cities, covering 7.76 million square feet with a seating capacity of 172,451. Our supply strategy prioritizes full buildings in high-demand micro-markets, while our demand strategy focuses on enterprises seeking scalable workspaces. Clients with over 300 seats account for 59.31% of our portfolio, with an average lock-in of 34 months. 42.06% of our clientele are global capability centers (GCCs).
Our core offering, IndiQube Grow, provides plug-and-play workspaces. We also offer IndiQube Bespoke (customizable design), IndiQube One (B2B & B2C solutions), MiQube (technology solutions), and IndiQube Cornerstone (renovation of aging properties). Our operational metrics as of June 30, 2024 include a 91.00% occupancy rate in steady-state centers, a 32.09% return on capital employed, and 9.80% cash EBIT margins.
Indiqube Spaces Limited Financial Details
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 4065.74 | 3667.91 | 2969.32 | 2283.79 |
| Revenue | 242.27 | 830.57 | 579.74 | 344.11 |
| Profit After Tax | -42.04 | -341.51 | -198.11 | -188.38 |
| Net Worth | 90.11 | 130.63 | -308.10 | -138.54 |
| Reserves and Surplus | 88.92 | 129.44 | -308.28 | -138.70 |
| Total Borrowing | 206.26 | 164.02 | 623.16 | 363.22 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| (26.09) | (261.43)% | 10.03 | NA | NA | 38.52% |
Offer Objectives
The Offer includes a fresh issue of equity shares aggregating to ₹750 crore by the Company, and an Offer for Sale (OFS) of equity shares totaling ₹100 crore. The Company will not receive any proceeds from the OFS.
Offer for Sale: Rishi Das and Meghna Agarwal, both Promoter Selling Shareholders, propose to offer shares aggregating up to ₹50 crore each through the Offer for Sale.
Object of the Fresh Issue: The net proceeds from the fresh issue are proposed to be utilized for three key purposes:
- Funding capital expenditure towards the establishment of new centers (₹462.65 crore).
- Repayment/pre-payment of certain borrowings availed by the Company (₹100 crore).
- General corporate purposes, with a limit of 25% of the Gross Proceeds.
The Company plans to deploy the net proceeds towards establishing new centers. ₹194.40 crore will be deployed in Fiscal 2026, ₹186.87 crore in Fiscal 2027 and ₹81.38 crore in Fiscal 2028. ₹100 crore will be used in fiscal 2026 for repayment of borrowings.
As of June 30, 2024, the company had 93 active centers with 6.12 million sq. ft. area and intends to expand operations by opening new centers across India. The total estimated costs to be incurred for establishing new centers is ₹462.65 crore.
Company Details
Address:
Plot # 53, Careernet Campus, Kariyammanna Agrahara Road, Devarabisanahalli, Outer Ring Road, Bengaluru 560 103, Karnataka, India
Phone: +91 99000 92210
Email: [email protected]
Website: http://www.indiqube.com
IPO Registrar Details
Link Intime India Private Limited
Phone: +91 81081 14949
Email: [email protected]
Website: http://www.linkintime.co.in
Offer Prospectus & Documents
Lead Managers
- ICICI Securities Limited
- JM Financial Limited
