Indiqube Spaces IPO

Indiqube Spaces IPO is listed on BSE and NSE, priced at ₹225–₹237 per share. The stock debuted at ₹216. The IPO had a lot size of ₹63 shares and a minimum investment of ₹14,931.

Indiqube Spaces Limited IPO

Mainboard Listed
₹14,931 (63 Shares)
Minimum Investment
Check Allotment
IPO Dates
Jul 23, 2025 – Jul 25, 2025
Price band
₹225-237 per equity share
Minimum Investment
₹14,931
Issue size
₹700 Cr
Lot size
63
Allotment Date
Jul 28, 2025
Listing
Jul 30, 2025
Listing At
BSE, NSE

IPO timeline

  1. Jul 23, 2025

    Open Date

    Completed

  2. Jul 25, 2025

    Close Date

    Completed

  3. Jul 28, 2025

    Allotment Date

    Completed

  4. Jul 30, 2025

    Listing Date

    Completed

Price Summary

Last closing
163.00 (-31.22%)
52 week high
243.80
52 week low
131.15
Last update

Indiqube Spaces IPO Essentials

Indiqube Spaces IPO Details

Indiqube Spaces IPO is priced at ₹225-237 per share with a total issue size of 700 crore. The IPO has a lot size of 63 shares and is listed on BSE and NSE.

Issue price
₹225-237 per equity share
Lot size
63 shares
Face value
₹1 Per Equity Share
Issue size
Total 700.00 Cr :
#Fresh Issue : 2,74,26,160 shares(aggregating up to ₹650.00 Cr) +
#OFS : 21,09,704 shares of ₹1(aggregating up to ₹50.00 Cr)
Total issue size
2,95,35,864 shares
(aggregating up to ₹700 crore)
Fresh issue
2,74,26,160 shares
(aggregating up to ₹650 crore)
Offer for sale (OFS)
21,09,704 shares
(aggregating up to ₹50 crore)
Listing at
BSE, NSE
List price
216.0(NSE)
Listing date
Registrar
MUFG Intime India Private Limited (Link Intime)
Lead manager
ICICI Securities Limited, Jm Financial Limited

Market Lot Size

Investors can bid for a minimum of 63 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 63 ₹14,931
Retail(max) 13 819 ₹1,94,103
sHNI(min) 14 882 ₹2,09,034
sHNI(max) 66 4,158 ₹9,85,446
sHNI(min) 67 4,221 ₹10,00,377

Indiqube Spaces IPO Documents

Indiqube Spaces IPO Reservation

Indiqube Spaces IPO reservation details show category-wise allocation of shares. Out of the total 2,95,42,340 shares, approximately 29.93% are reserved for QIB, 14.96% for NII, 9.98% for retail investors, 0.24% for employees, and 44.89% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1,32,62,658 (44.89%)
QIB Shares Offered 88,41,772 (29.93%)
NII (HNI) Shares Offered 44,20,886 (14.96%)
bHNI > ₹10L 29,47,257 (9.98%) 3,341
sHNI < ₹10L 14,73,629 (4.99%) 1,670
Retail Shares Offered 29,47,257 (9.98%) 46,781
Employee Shares Offered 69,767 (0.24%)
Total Shares Offered 2,95,42,340 (100%)

Indiqube Spaces IPO Analytics

Indiqube Spaces IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

Indiqube Spaces IPO Subscription Status

Indiqube Spaces IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

As on QIB
NII
bHNI
sHNI
Retail Total
Shares Offered / Reserved 88,41,772
44,20,886
29,47,257
14,73,629
29,47,257 1,62,79,682
Day 1 23-07-25 05:00 PM
0.06 x
0.78x
0.65x
1.05x
3.41 x 0.87 x
Day 2 24-07-25 05:00 PM
1.42 x
1.84x
1.52x
2.48x
6.90 x 2.54 x
Day 3 25-07-25 05:00 PM
14.35 x
8.24x
7.93x
8.86x
12.51 x 12.33 x
Total No. of Applications
bHNI sHNI Retail
5,65,650 (Approx) 1.6x 8x 11.5x

Indiqube Spaces Valuations

Earnings

EPS Pre IPO
-₹7.65/-

Returns

ROE
-2.19%
ROCE
34.21%
PAT Margin
-12.66%

Data sourced from DRHP / RHP • For educational purposes only

Indiqube Spaces Financials( In Crs.)

31-Mar-25 31-Mar-24 31-Mar-23
Assets 4,685.12 3,667.91 2,969.32
Revenue 1,102.93 867.66 601.28
Profit After Tax -139.62 -341.51 -198.11
Net Worth -3.11 130.63 -308.1
Reserves & Surplus -23.30 129.44 -308.28
Total Borrowing 343.96 164.02 623.16

Indiqube Spaces Company & Offer Insights

About Indiqube Spaces

Founded in 2015, Indiqube Spaces Limited delivers managed, sustainable, and technology-driven workplace solutions to shift the traditional office experience into a better one for contemporary businesses.The firm delivers varied workplace solutions, such as corporate campuses and branch offices, with employee improvement through interiors, amenities, and services.

The firm combines asset refurbishment, tailored models, and B2B/B2C value-added services, delivering holistic workspace solutions with plug-and-play offices for clients and workers.The firm operates 103 centers in 13 cities, spanning 7.76 million square feet of AUM with 172,451 seats. During the period from March 31, 2022, to June 30, 2024, they acquired 41 assets and entered five new cities.

The firm looks to buy whole buildings in high-rental areas with solid infrastructure and low vacancy rates. They collaborate with landlords to lease and repurpose old buildings into modern, sustainable workplaces.The company renovates properties with interiors, amenities, and sustainability. They have 31.67% of their portfolio renovated as of June 30, 2024. Their enterprise-first approach caters to large customers with long-term, scalable spaces.

As of June 30, 2024, the company has operations in 13 Indian cities, which comprise seven Tier I cities (Bengaluru, Pune, Chennai, Mumbai, Noida, Gurugram, Hyderabad) and six non-Tier I cities (Coimbatore, Kochi, Madurai, Jaipur, Calicut, Vijayawada).As of June 30, 2024, the company has a diverse team of 625 permanent employees.

Indiqube Spaces Promoter(s)

Rishi Das, Meghna Agarwal, Anshuman Das are the company's promoters of Indiqube Spaces.

Indiqube Spaces IPO Issue Objectives

Funding capital expenditure towards establishment of new centers
Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company.
General corporate purposes

Indiqube Spaces IPO - Anchor Investors

Indiqube Spaces IPO: Institutional investors choose Rs 314.3 crore shares through anchor book.
Large institutional investors such as Tocu Europe, BNP Paribas Financial Markets, Societe Generale, Aditya Birla Sun Life AMC, Ashoka Whiteoak, Invesco, Bandhan Mutual Fund, Motilal Oswal AMC, Malabar India Fund, Axis Max Life Insurance, Edelweiss, Baroda BNP Paribas MF, and Grow Mutual Fund invested in the anchor book.

Indiqube Spaces IPO - Peers Comparison

P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Indiqube Spaces N/A N/A N/A 1102
Awfis space 10.06 66.66 14.78% 1260

Indiqube Spaces IPO - Strengths and Risks

Indiqube Spaces IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

Indiqube manages 115 centres across 15 cities, covering 8.40 million sq. ft.
A strong 64.71% of its properties are full buildings, improving space control and efficiency.
About 36.44% of its space is certified green, supporting sustainable and eco-friendly offices.
Bengaluru remains a key market with 65 centres spread over 5.43 million sq. ft

Risks

88.84% revenue depends on Bengaluru, Pune, Chennai – limited location diversification.
Occupancy rate dropped to 80.21% in FY24 from 83.68% in FY23.
The company reported losses in FY23, FY24, and FY25 despite revenue growth.

Contact Information

Contact Details

Indiqube Spaces

+91 99000 92210

cs.compliance@indiqube.com

http://www.indiqube.com/

Plot # 53, Careernet Campus,Kariyammanna Agrahara Road, Devarabisanahalli, Outer Ring Road, Bengaluru, Karnataka, 560103

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

indiqubespaces.ipo@linkintime.co.in

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Frequently Asked Questions

Click any question to reveal the answer

Indiqube Spaces IPO is a book-built IPO worth ₹700 crore. The price band is ₹225–₹237 per share. The IPO opens on Jul 23, 2025 and closes on Jul 25, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited (Link Intime) is the registrar.

The price band of Indiqube Spaces IPO is ₹225 to ₹237 per share.

The lot size of Indiqube Spaces IPO is 63 shares.

The minimum investment for Indiqube Spaces IPO is approximately ₹14,931 based on the upper price band .

Indiqube Spaces IPO opens on Jul 23, 2025 and closes on Jul 25, 2025.

The allotment date of Indiqube Spaces IPO is Jul 28, 2025.

Indiqube Spaces IPO is expected to be listed on Jul 30, 2025, on BSE and NSE .

Indiqube Spaces IPO listed on Jul 30, 2025. It was issued at ₹216.0(NSE) and is currently around ₹163.00 as on 27-May-2026 3:30 PM, which is approximately -31.2% versus issue price. The 52-week high is ₹243.80.

Based on listing and post-listing performance, Indiqube Spaces IPO delivered around -31.2% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy Indiqube Spaces IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

Indiqube Spaces IPO valuation snapshot: P/E N/A, EPS ₹/-, P/B N/A, RoNW %, and market cap N/A.

To apply for Indiqube Spaces IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of Indiqube Spaces IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for Indiqube Spaces IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check Indiqube Spaces IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Indiqube Spaces IPO allotment status on IPO Ji for quick and easy access.