Indiqube Spaces is launching its IPO worth ₹700 crore, which combination of fresh issue of ₹650 Cr and OFS of 50 Cr. The IPO opens for subscription on 23 July 2025 and will close on 25 July 2025. The allotment of shares is expected to be finalized on 28 July 2025 and the shares are likely to be listed on BSE & NSE on 30 July 2025. The price band for IPO is set between ₹225 to ₹237 per share.
About Indiqube Spaces IPO
Founded in 2015, Indiqube Spaces offers modern, tech-enabled and sustainable office spaces designed to meet the needs of today’s businesses. Their goal is to replace traditional offices with more innovative, more flexible workspaces.
The company provides various office solutions like corporate hubs and branch offices, complete with stylish interiors, modern amenities and all necessary services to improve employee experience. They offer plug-and-play offices that are ready to use, making it easier for businesses to set up quickly.
As of March 31, 2025, Indiqube manages 115 centres across 15 cities, with 105 already operational and 10 in the pipeline (for which agreements have been signed).
Between March 2023 and March 2025, they added 41 new properties and entered five new cities. Their focus is on acquiring full buildings in high-demand areas with good infrastructure and low vacancy rates. They collaborate with landlords to renovate older buildings into modern, sustainable office spaces.
About 25% of their portfolio includes renovated properties. Their strategy mainly targets large enterprise clients, offering long-term, scalable office solutions.
The company operates in 15 Indian cities, including major metro cities like Bengaluru, Mumbai, Pune, Chennai, Noida, Gurugram, and Hyderabad, as well as growing cities like Coimbatore, Kochi, Madurai, Jaipur, Calicut and Vijayawada.
Indiqube Spaces IPO Highlights
- Indiqube Spaces’s IPO is valued at ₹700 Cr and the price band is set between ₹225 to ₹237
- This IPO is combination of a fresh issue of 2.74 Cr shares aggregating to ₹650 Cr and OFS of 0.21 Cr shares aggregating to ₹50 Cr.
- Indiqube Spaces’s IPO will open for subscription on 23 July 2025 and close on 25 July 2025. Share allotment is likely to take place on 28 July 2025 and the shares are expected to be listed on BSE and NSE on 30 July 2025.
- Promoters currently hold 70.47% of the company but after the IPO, their shareholding will come down to 60.23%.
- Raised fund will be used mainly for three purposes: ₹462.65 crore will go towards setting up new centres, ₹93.04 crore will be used to repay or prepay existing loans and remaining amount will be allocated for general corporate purposes.
- MUFG Intime India Private Limited (Link Intime) will be the registrar for Indiqube Spaces IPO.
Indiqube Spaces IPO GMP
As of 20th July 2025, Indiqube Spaces’ IPO is trading at a GMP of ₹40. Based on the upper price band of ₹237, the shares are expected to list at around ₹277, which means a possible gain of about 16.88% on listing day. In the coming days, GMP may change, and we’ll keep updating as new details come in.
So, stay tuned with Trade Target for daily updates on Indiqube Spaces IPO GMP and expected listing price.
-
- Date: 21 July 2025
- Indiqube Spaces GMP: ₹32 (13.50%)
- Date: 20 July 2025
- Indiqube Spaces GMP: ₹40 (16.88%)
How can one apply for Indiqube Spaces IPO?
Retail investors can apply for minimum of 1 lot, which includes 63 shares costing ₹14,931. Maximum investment allowed for retail investors is 13 lots which totals 819 shares and costs ₹1,94,103.
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
26 |
₹14,931
|
|
Retail (Max) |
13 |
819 |
₹1,94,103
|
|
S-HNI (Min) |
14 |
882 |
₹2,09,034
|
|
S-HNI (Max) |
66 |
4,158 |
₹9,85,446
|
|
B-HNI (Min)
|
67 |
4,221 |
₹10,00,377
|
Indiqube Spaces IPO Financial
As of 31 March 2025, Indiqube Spaces reported a negative PAT of (₹ 139.62) Cr and in FY24 reported (₹341.51) Cr. All related financial details are provided in the table below.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
|
Assets (₹ Crores) |
4,685.12
|
3,667.91
|
2,969.32
|
|
Revenue (₹ Crores) |
1,102.93
|
867.66
|
601.28
|
|
PAT (₹ crores)
|
-139.62 |
-341.51
|
-198.11 |
|
EBITA(₹ Crores) |
660.19
|
263.42
|
258.23
|
|
Net Worth (₹ Crores) |
-3.11 |
130.63
|
-308.10
|
|
Reserves and Surplus (₹ crores)
|
-23.30
|
129.44
|
-308.28
|
|
Total Borrowing (₹ crores)
|
343.96
|
164.02
|
623.16
|
Indiqube Spaces IPO Vs Peer
Indiqube Spaces has reported a negative EPS of -₹7.65. The table below compares it with key industry peers, offering insight into its position.
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
Indiqube Spaces |
-7.65
|
– |
|
Awfis Space Solutions
|
9.67
|
66 |
Indiqube Spaces IPO Quota Allocation
- QIB Investors: 75% of the net issue
- Retail Investors: 10% of the net issue
- NII (HNI) Investors: 15% of the net issue
Listing Date of Indiqube Spaces IPO
- Subscription Period: 14 July to 16 July 2025
- Basis of Allotment Finalization: 17 July 2025
- Initiation of Refunds: 18 July 2025
- Demat Credits: 18 July 2025
- Listing Date: 21 July 2025
- Listing on: NSE, BSE
Indiqube Spaces IPO FAQs (Frequently Asked Questions)
What is the total issue size of Indiqube Spaces’s IPO?
The total size of Indiqube Spaces’s IPO is ₹700 Cr
When will Indiqube Spaces IPO open and close?
Indiqube Spaces’s IPO will open for subscription on 23 July 2025 and close on 25 July 2025.
What is the lot size for Indiqube Spaces IPO?
Retail Investors can bid for minimum of 1 lot, which includes 63 shares. And one lot will cost you around ₹14,931.
What is the share allotment date for Indiqube Spaces IPO?
The allotment of shares is expected to be completed by 28 July 2025.
Who is the registrar of Indiqube Spaces IPO?
MUGF or Link in time is the official registrar for Indiqube Spaces’s IPO.
Where will Indiqube Spaces shares be listed?
The shares are planned to be listed on both BSE and NSE.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
