Indiqube Spaces IPO Details
The Indiqube Spaces IPO is a book build issue with a total issue size of ₹700 cr, comprising of fresh issue of 27426160 equity shares., and a offer for sale of 2109704 equity shares. Indiqube Spaces IPO opened for subscription on Jul 23, 2025 and closed on Jul 25, 2025. Indiqube Spaces IPO is set price band at ₹225 to ₹237 per share, with a lot size of 63 shares. Minimum investment for Retail investors was ₹14,931.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 28, 2025, and listed on both the NSE and BSE on Jul 30, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. ICICI Securities Limited and JM Financial Limited are the Book Running Lead Manager for the issue.
Before investing in the Indiqube Spaces IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 225 – 237
- Lot Size
- 63
- Issue Size
- ₹700 Cr
- Minimum Investment
- ₹14931 (63 Shares)
- Listing Date
- 30 July 2025
Current GMP
₹1 (+0.42%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Indiqube Spaces Limited
Incorporated in 2015, IndiQube Spaces Limited is a leading managed workspace solutions provider in India, offering sustainable, tech-driven, and customizable office environments. The company focuses on transforming traditional workspaces through a combination of design, technology, and value-added services (VAS).
Key Offerings:
- IndiQube Grow – Plug-and-play, managed office spaces with shared amenities, ideal for startups to large enterprises.
- IndiQube Bespoke – Custom design and build solutions tailored to clients’ brand identity and operational needs.
- IndiQube One – Full-suite B2B and B2C services including facility management, catering, transportation, and more.
- MiQube – Technology platform that enhances workspace operations and employee engagement via smart tools and apps.
- IndiQube Cornerstone – Renovation and upgradation of aging properties into modern, green-certified office spaces.
Business Footprint (as of March 31, 2025):
- 115 centers across 15 cities in India (105 operational, 10 under development).
- 8.40 million sq. ft. under management.
- 186,719 seats in total capacity.
- Strong presence in Bengaluru (65 centers, 5.43 million sq. ft.), the largest flexible workspace market in India.
Operational & Financial Highlights:
- Occupancy rate: 86.50% in steady-state centers.
- Return on capital employed: 34.21%
- Cash EBIT margin: 10.81%
- CRISIL A+/Stable credit rating
- 625 employees (as of June 30, 2024)
Client Strategy & Market Positioning:
- Follows an “enterprise-first” strategy, catering primarily to large clients (300+ seats) with scalable, long-term solutions.
- 63.06% of the portfolio comprises such enterprise clients, with an average lock-in period of 36 months.
- Diverse client base: 769 clients, with 43.56% being Global Capability Centers (GCCs) and 56.44% Indian enterprises.
- 59.56% of clients acquired directly by IndiQube.
Competitive Strengths:
- Among India’s leading players in the flexible workspace sector.
- Value-driven property acquisition and transformation strategy.
- Strong financial discipline and capital-efficient operations.
- Technology-first approach via the MiQube™ platform.
- Emphasis on green buildings and sustainability.
- Experienced leadership and backing by a reputed investor base.
Indiqube Spaces IPO Promoters
- Rishi Das
- Meghna Agarwal
- Anshuman Das
Promoters Holding
Holding Pre Issue
70.37%
Holding Post Issue
60.60%
Indiqube Spaces IPO Objective
The Company Indiqube Spaces IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- 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
Address / Contact Info
Indiqube Spaces Ltd.
Plot # 53, Careernet Campus,
Kariyammanna Agrahara Road,
Devarabisanahalli,
Outer Ring Road,
Bengaluru, Karnataka, 560103
Phone: +91 99000 92210
Email: cs.compliance@indiqube.com
Website: http://www.indiqube.com/
IPO Snapshot
Book Running Lead Managers
- ICICI Securities Limited
- JM Financial Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Indiqube Spaces IPO is a Book-building IPO with a total issue size of ₹700 crore. The Indiqube Spaces IPO price band is ₹225 to 237 per share. The Indiqube Spaces IPO subscription opens on Wed, Jul 23, 2025, and closes on Fri, Jul 25, 2025. The Indiqube Spaces IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Indiqube Spaces IPO.
The Indiqube Spaces IPO opens on Wed, Jul 23, 2025 and closes on Fri, Jul 25, 2025
Indiqube Spaces IPO Price Band is ₹225 to 237 per share.
Indiqube Spaces IPO lot size is 63 shares, Retail investors need a minimum investment of ₹14931 based on the upper price band
The minimum investment for Indiqube Spaces IPO is ₹14931, based on one lot of 63 shares at the upper price band of ₹237 per share.
Investors can apply for the Indiqube Spaces IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jul 25, 2025. The application amount remains blocked until the Indiqube Spaces IPO allotment is finalized.
Indiqube Spaces IPO issue size is ₹700 crores.
Indiqube Spaces IPO allotment date is Wed, Jul 1, 2026.
The registrar for Indiqube Spaces IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Indiqube Spaces IPO allotment status, refund processing, and other IPO-related information.
The Indiqube Spaces IPO GMP (Grey Market Premium) is ₹1 as of Wed, Jul 30, 2025. Based on the upper price band of ₹237 per share, the estimated Indiqube Spaces IPO listing price is ₹238, indicating a potential listing gain of approximately 0% over the issue price.