Indiqube Spaces Limited IPO
MainboardDiversified Commercial Services
Listed On: Jul 30, 2025 at ₹ 216.0(NSE)
₹ 14931 /63 Shares
Check AllotmentPrice Summary
Last Closing
214.95 (-9.3%)52 Week High
233.5052 Week Low
195.40Last Update
8-Aug-2025 3:30 PM23 Jul, 2025
Open Date25 Jul, 2025
Close Date28 Jul, 2025
Allotment Date30 Jul, 2025
Listing DateIssue Price
₹225-237 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
MUFG Intime India Private Limited (Link Intime)List Price
216.0(NSE)Listing Date
2025-07-30Market Lot
Retail : 63 Shares (₹14,931/-)S-HNI : 882 Shares (₹2,09,034/-)
B-HNI : 4,221 Shares (₹10,00,377/-)
Lead Manager
ICICI Securities LimitedJm Financial Limited
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)
Retail Portion
10% (Number of Retail Applications: 46,782 Approx),(Number of S-HNI Applications : 1,671 Approx),
(Number of B-HNI Applications : 3,342 Approx)
Subscription
12.33 timesIndiqube Spaces IPO Details
Indiqube Spaces IPO is a book-built issue of ₹700 crores, The total issue size is ₹700 crores. The IPO of Indiqube Spaces is priced at ₹225-237 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Jul 23, 2025 and ends on Jul 25, 2025. The allotment for Indiqube Spaces IPO will be finalized on Jul 28, 2025. Indiqube Spaces IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 30, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Private Limited (Link Intime) is the registrar of the issue.
Retail investors can bid for a minimum of 63 shares, extendable to 14,931. S-HNIs will be able to bid for 882 shares at ₹2,09,034, while B-HNIs can also apply for a bid of 4,221 shares at ₹10,00,377. The book-running lead manager for the IPO is/are ICICI Securities Limited , Jm Financial Limited .
The total issue ₹700 crore, comprising a fresh issue of 2,74,26,160 shares ₹650 crore and an Offer for Sale (OFS) of 21,09,704 shares to mop up ₹50 crore.
The Indiqube Spaces IPO sets its price band at 225-237 for each share. A single application for Indiqube Spaces Limited IPO must contain at least 63 shares. Sentiment investors need to invest a minimum of 63 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,931 In order to participate in the sNII, investors must purchase at least 14 lots of 882 shares for ₹2,09,034, while the bNII requires 67 lots of 4,221 shares for an investment of ₹10,00,377.
Indiqube Spaces IPO Subscription Details
| As on | QIB | NII bNII sNII | 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 | 0.78 0.65 x 1.05 x | 3.41 x | 0.87 x |
| Day 2 - 24-07-25 05:00 PM | 1.42 x | 1.84 1.52 x 2.48 x | 6.90 x | 2.54 x |
| Day 3 - 25-07-25 05:00 PM | 14.35 x | 8.24 7.93 x 8.86 x | 12.51 x | 12.33 x |
Indiqube Spaces Valuations
EPS Pre IPO
-₹7.65/-EPS Post IPO
₹/-P/E Pre IPO
P/E Post IPO
ROE
-2.19%ROCE
34.21%Debt/Equity
RoNW
%PAT Margin
-12.66%Price to Book Value
Indiqube Spaces Company Financials All values are in ₹ Cr.
| 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 |
About The Company
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 - Strength and Weakness
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
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.
Indiqube Spaces - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Indiqube Spaces | N/A | N/A | N/A | 1102 |
| Awfis space | 10.06 | 66.66 | 14.78% | 1260 |
Indiqube Spaces - Promoter(s)
Pre Issue Share Holding: 70.47%
Post Issue Share Holding: 60.23%
- Rishi Das
- Meghna Agarwal
- Anshuman Das
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
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.
Other Details
Indiqube Spaces
Plot # 53, Careernet Campus,Kariyammanna Agrahara Road, Devarabisanahalli, Outer Ring Road, Bengaluru, Karnataka, 560103MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: indiqubespaces.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Indiqube Spaces IPO - FAQs
Ans. Indiqube Spaces Limited IPO is a Mainboard IPO. The issue is priced at ₹225-237 per equity share. The minimum order quantity is 63 Shares. The IPO opens on Jul 23, 2025, and closes on Jul 25, 2025. MUFG Intime India Private Limited (Link Intime) is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Indiqube Spaces Limited IPO opens on Jul 23, 2025 and closes on Jul 25, 2025.
Ans. The size of Indiqube Spaces Limited IPO is 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).
Ans. The IPO price band is set between ₹225-237 per equity share.
Ans. To apply for Indiqube Spaces Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Indiqube Spaces Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Indiqube Spaces Limited IPO is Jul 28, 2025.
Ans. The Indiqube Spaces Limited IPO will be listed on Jul 30, 2025.
Ans. Follow the steps to check the allotment status for Indiqube Spaces Limited IPO here.
