IndiQube Spaces IPO 2025: Price Band, Dates, Lot Size, Review, and Key Details
Looking to invest in IndiQube Spaces IPO? Here’s everything you need to know about IndiQube Spaces IPO 2025, including IPO price band, subscription dates, lot size, allotment, listing date, financial details, and company insights. Follow this guide on IPOji.com to stay updated.
IndiQube Spaces IPO 2025 Overview
- IPO Name: IndiQube Spaces Limited IPO
- IPO Open Date: July 23, 2025 (Wednesday)
- IPO Close Date: July 25, 2025 (Friday)
- IPO Price Band: ₹225 to ₹237 per equity share
- Face Value: ₹1 per share
- Lot Size: 63 shares per lot
- IPO Size: ₹700 Crore (Fresh Issue: ₹650 Crore + OFS: 21,09,704 shares)
- Listing At: NSE, BSE
- Lead Managers: ICICI Securities, JM Financial
- Registrar: MUFG Intime India Private Ltd (Formerly Link Intime India Pvt Ltd)
IndiQube Spaces IPO Timeline
IndiQube Spaces IPO Lot Size and Minimum Investment
- Lot Size: 63 equity shares
- Minimum Investment (Retail): ₹14,931 (₹237 x 63)
Investors can apply in multiples of 63 shares thereafter.
IndiQube Spaces IPO Reservation Details
- Qualified Institutional Buyers (QIBs): Not less than 75% of the offer
- Non-Institutional Investors (NIIs): Not more than 15%
- Retail Individual Investors (RIIs): Not more than 10%
- Employee Reservation: Equity shares worth ₹15 million
IndiQube Spaces IPO Peer Comparison
According to the Red Herring Prospectus (RHP), IndiQube Spaces has one listed peer: Awfis Space Solutions Ltd (P/E Ratio: 66.66)
About IndiQube Spaces Limited: Who They Are and What They Do
Have you ever entered a modern, cool office place and gotten that feeling of its thoughtful design? Well, there was a likelihood that it may have been IndiQube.
IndiQube Spaces Limited is about transformation of spaces of working in India. They do not merely lease office spaces but rather have full end-to-end, ready-to-move-in workspaces customized as per the needs of the businesses be it large corporate giants or the rising startups.
The difference between them is in the following:
- IndiQube has a huge portfolio of 115 centers all over 15 cities. It entails the likes of hustling metros as Bengaluru, as well as the up-and-coming cities such as Kochi, and Madurai.
- They manage a total of 8,400,000 square feet of office space by March of 2025 and capacity to accommodate more than 186,000 occupants.
- They started noticing their high growth rate by opening 41 new properties between 2023 and 2025 as well as leading into 5 new cities.
Rather than choosing a random location, IndiQube strives to buy up entire buildings in the places everyone wants; I think we can agree that when thinking of a strong infrastructure and a lack of vacancies. They collaborate with the owners of properties to refurbish the older facilities and convert them into streamline, green working environments with modern facilities, present-day interior, and the elicited plug-and-play scheme.
They prioritize or as they put it, the so-called enterprise-first approach which translates into big companies having solutions that can expand alongside them.
Where you can find IndiQube:
- Large Tier I Cities: Bangalore, Pune, Chennai, Mumbai, Noida, Gurugram, Hyderabad
- Expanding Non Tier I Cities: Coimbatore, Kochi, Madurai, Jaipur, Calicut, Vijayawada
In a nutshell, IndiQube is not just about office spaces but to ensure that people spend time in office spaces in which they are eager to be in.
IndiQube Spaces vs. Competitors: Where It Stands in India’s Flexible Workspace Market
The number of flexible workspace players in India is rising at a rapid pace with over 500 players operating in the country. Not all of them are of similar magnitude.
As the IPO red herring prospectus of IndiQube Spaces noted, the leading 10 operators, which bear such popular names as Smartworks, WeWork India, Awfis and IndiQube itself, own the major part of the flexible workplace inventory (by the amount of area until Q1, calendar year 2025).
IndiQube Spaces is peculiar among members of this list as:
- It is one of the limited operators having an exposure to multi-city portfolios in Tier I cities and non-Tier I cities.
- It is concerned with entire-building buildings as opposed to splintered office buildings providing greater control in design and amenities.
Benchmarking Insight:
- There are top 10 operators that control the area of flexible offices in India in million sq. ft. according to the Q1 CY (2025) data.
- The players of this scale being currently matched will be Awfis, Smartworks, WeWork India in addition to IndiQube.
This to investors contemplating on IndiQube Spaces IPO places things in perspective, as IndiQube is no longer a small coworking brand like the others because it is already playing on the big table with the largest providers of flexible workspaces in the country.
IndiQube Spaces IPO FAQs
Q1. What is the IndiQube Spaces IPO price band?
The price band is fixed between ₹225 to ₹237 per equity share.
Q2. When is IndiQube Spaces IPO opening and closing?
- Opening Date of IndiQube Spaces IPO: July 23, 2025
- Closing Date of IndiQube Spaces IPO: July 25, 2025
Q3. What is IndiQube Spaces IPO lot size?
IndiQube Spaces IPO lot size is 63 equity shares per lot.
Q4. What is the total size of the IndiQube Spaces IPO?
₹700 Crore — comprising ₹650 Crore as a fresh issue and 21,09,704 shares via Offer for Sale (OFS).
Q5. How can I apply for the IndiQube Spaces IPO online?
You can apply via any major broker’s platform using UPI or ASBA methods. Visit IPOji.com for step-by-step IPO application guides.
Q6. Where will IndiQube Spaces shares be listed?
IndiQube Spaces shares will be listed on BSE and NSE.
Q7. What is the allotment date for IndiQube Spaces IPO?
IndiQube Spaces IPO allotment tentatively is on July 28, 2025.
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