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Indiqube Spaces IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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What is the latest news relating to Indiqube Spaces?   

The IPO is anticipated to enter the market in July 2025.

Indiqube Space Promoters

indiqube spaces promotersRishi Das, Meghna Agarwal and Anshuman Das are the promoters of the company. In the pre-IPO capital , the promoters hold 70.37% holding.

What are the Objects of Indiqube Spaces IPO?

The Company proposes to utilize the Net Proceeds towards funding the following objects:

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

What is the business of Indiqube Spaces?

IndiQube Spaces Limited: Transforming the Modern Workplace

Incorporated in 2015, IndiQube Spaces Limited is a leading provider of managed, sustainable, and technology-driven workplace solutions, focused on redefining the traditional office experience for businesses across India.

Comprehensive Workplace Solutions

IndiQube offers a wide range of workspace formats — from enterprise hubs to flexible branch offices — enriched with thoughtfully designed interiors, premium amenities, and seamless services. Their plug-and-play workspaces are tailored for both startups and large enterprises.

The company blends asset renovation, customized leasing models, and both B2B and B2C value-added services to deliver an integrated workspace experience.

Expanding Presence Across India

  • Total centers: 103

  • Cities served: 13 (including Bengaluru, Mumbai, Pune, Chennai, Noida, Gurugram, Hyderabad, Coimbatore, Kochi, Madurai, Jaipur, Calicut & Vijayawada)

  • Managed area: 7.76 million sq. ft.

  • Total seats: 1,72,451

  • New properties added (Mar 2022 – Jun 2024): 41

Their strategy focuses on acquiring entire buildings in prime locations, often converting aging properties into modern, sustainable workspaces through landlord partnerships.

As of June 30, 2024, 31.67% of the portfolio includes renovated properties, aligned with their “enterprise-first” approach, catering primarily to large clients with long-term, scalable needs.

Key Offerings

IndiQube Grow

Flexible and scalable workspaces with shared amenities, meeting rooms, virtual office solutions, and on-demand bookings via digital platforms.

IndiQube Bespoke

Fully customizable office designs in standard, premium, and luxury formats. Offers in-house design, project execution, and eco-friendly, sustainable options with flexible financial models.

IndiQube One

Integrated facility and property management services covering maintenance, IT, employee engagement, and green building initiatives — all aligned with ISO standards for safety and sustainability.

MiQube™ Technology Stack

An innovative digital platform enhancing user experience. The MiQube™ Community App allows users to book desks, schedule transport and meals, submit helpdesk requests, and join community events — all from their mobile device.

Team Strength

As of June 30, 2024, IndiQube employs a dedicated team of 625 full-time professionals, enabling smooth operations and client satisfaction across all centers.

Indiqube Spaces IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Indiqube Spaces IPO Details 

IPO opens on  July 2025
IPO closes on  July 2025
Issue Type Book Built Issue IPO
Issue Size ? Shares /
Rs – Crore
* Fresh Issue – Shares /
Rs 750 Crore
* Offer for Sale  ? shares/
Rs.100 Crore
   
Face Value per share: Rs. 1
Price Band  Yet to announce
Retail Discount  Rs 0 per share
Employee discount  Rs. ? per share
Retail Lot Size  ? Shares
Listing will at  BSE, NSE

Shares offered

Shares Rs. in
Crore
QIB (75 %) 
NII (15 %) 
RII (10 %) 
Employees
Total Shares  ?
Retail portion will be oversubscribed by  ? Forms.
How to apply in this IPO? Amount
Rs.
Min Retail Application     ? Shares ?
Max Retail Application    ? Shares ?
Small HNI (Min) application  ?  Shares ?
Small HNI (Max) application ? Shares ?
Big HNI Application ? Shares ?

Indiqube Spaces IPO Timetable

 
IPO opens on July 2025
IPO Closes on July 2025
IPO Allotment on  In April 2025
Unblocking of ASBA  In April 2025
Credit of Shares In April 2025
Listing on In April 2025
Registered Office of the company
Indiqube Spaces Ltd.
Plot # 53, Careernet Campus,
Kariyammanna Agrahara Road, Devarabisanahalli,
Outer Ring Road,
Bengaluru, Karnataka, 560103
Who are the Lead Managers of the IPO?
ICICI Securities ltd
JM Financial
Registrar to IPO

Mufg Intime India Pvt ltd

Indiqube Spaces IPO Financials

Period Ended 30-Jun-24 31-Mar-24 31-Mar-23 31-Mar-22
Assets 4,065.74 3,667.91 2,969.32 2,283.79
Revenue 251.3 867.66 601.28 355.24
Profit After Tax -42.11 -341.74 -197.9 -188.93
Net Worth 90.11 130.63 -308.1 -237.74
Reserves and Surplus 503.69 461.58 311.82 237.9
Total Borrowing 206.25 164.02 623.16 363.22
Amount in ₹ Crore

Indiqube Spaces IPO
Key Performance Indicators

KPI Values
ROCE 38.52%
Debt/Equity 1.26
RoNW -261.43%
PAT Margin 44.35%
   
   

How Indiqube Spaces IPO compares with the Peers?

       
       
       
       
       
       
       
       
       
       
       

# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Indiqube Spaces IPO Review

We will update our Review & Guidance, once the price band and other details are announced by the company.

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What does IndiQube Spaces Limited do?

IndiQube Spaces Limited provides managed, sustainable, and tech-driven workplace solutions across India, offering coworking spaces, customized office designs, and property management services.

Who are the promoters of IndiQube Spaces ltd?

Rishi Das, Meghna Agarwal and Anshuman Das are the promoters of the company.

How many centers does IndiQube operate?

As of June 30, 2024, IndiQube operates 103 centers across 13 cities in India, managing over 7.76 million sq. ft. of workspace and 1,72,451 seats.

What are the details about IndiQube Spaces IPO?

The company is coming out with Rs. 850 Crore IPO, comprising of Fresh issue of capital Rs. 750 crore and Rs. 100 crore being offer for sale of shares. The face value of the share is Rs. 1.

Is IndiQube IPO a good investment?

Investors should study the company’s financials, business model, and IPO pricing before making any investment decision. Our detailed IPO review and guidance can help you make an informed choice.The review of the IPO is being posted on chanakyanipothi.com

Where can I check IndiQube IPO GMP live updates and subscription status?

You can visit ChanakyaNiPothi.com for real-time updates on IndiQube IPO GMP trends, Kostak, subject to rates and subscription status.

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