Indiqube Spaces IPO Details: Indiqube Spaces Limited is set to launch its Initial Public Offering (IPO) on July 23, 2025, with the issue closing on July 25, 2025. This is a book-built issue, aiming to raise approximately ₹700 crores, which includes a fresh issue of ₹650 crores and an offer for sale (OFS) of up to 21,09,704 equity shares, each with a face value of ₹1.
The price band for the IPO is set at ₹225 to ₹237 per share. The allocation of shares is divided as follows: 75% for Qualified Institutional Buyers (QIBs), 15% for High Net-Worth Individuals (HNIs), and 10% for retail investors.
The basis of allotment is expected to be finalized by July 28, 2025, and the shares are proposed to be listed on the BSE and NSE on July 30, 2025.
Financial Performance
In FY 2025, Indiqube Spaces reported revenue of ₹1,102.93 crores, a significant increase from ₹867.66 crores in FY 2024. The company also posted a net profit of ₹139.62 crores in 2025, marking a notable turnaround from a loss of ₹341.51 crores in the previous year.
Investment Outlook
Given the strong recovery in financial performance and positive growth trajectory, the IPO appears to be a promising opportunity, especially for long-term investors.
Indiqube Spaces IPO Objectives:
- Funding capital expenditure towards establishment of new centers;
- Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company; and
- General corporate purposes.
Indiqube Spaces IPO Review (Apply or Not)
- Update soon
Indiqube Spaces IPO Date & Price Band Details:
| IPO Open Date: | July 23, 2025 |
| IPO Close Date: | July 25, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹225 to ₹237 Per Share |
| Issue Size: | Approx ₹700 Crores |
| Fresh Issue: | Approx ₹650 Crores |
| Offer for Sale: | Approx 21,09,704 Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Indiqube Spaces IPO Lot Size:
The minimum lot size for the Indiqube Spaces IPO is 63 shares, requiring a minimum investment of ₹14,931 for retail investors. A retail investor can apply for up to 13 lots, which totals 819 shares and amounts to an application value of ₹1,94,103.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 63 | ₹14,931 |
| Retail Maximum | 13 | 819 | ₹1,94,103 |
| S-HNI Minimum | 14 | 882 | ₹2,09,034 |
| B-HNI Minimum | 67 | 4,221 | ₹10,00,377 |
Indiqube Spaces IPO Allotment & Listing Date (Details)
The Indiqube Spaces IPO will open for subscription on July 23, 2025, and will close on July 25, 2025. The basis of allotment is expected to be finalized on July 28, 2025, with the company’s shares likely to be listed on the BSE and NSE on July 30, 2025.
| IPO Open Date: | July 23, 2025 |
| IPO Close Date: | July 25, 2025 |
| Basis of Allotment: | July 28, 2025 |
| Refunds: | July 29, 2025 |
| Credit to Demat Account: | July 29, 2025 |
| IPO Listing Date: | July 30, 2025 |
Indiqube Spaces IPO GMP Today:
The latest Grey Market Premium (GMP) for the Indiqube Spaces IPO stands at ₹40. Based on the upper price band of ₹237 per share, the estimated listing price is around ₹277, indicating a potential listing gain of approximately 16.88% per share.
Promoters of Indiqube Spaces IPO
The promoters of the company are Rishi Das, Meghna Agarwal and Anshuman Das.
About Indiqube Spaces IPO
Indiqube Spaces Limited was founded in 2015 and is one of the prominent companies that focuses on offering managed, sustainable, and tech-driven workplace solutions with an aim to transform traditional-looking offices into modern businesses. The company is known to provide a wide range of workplace solutions that consist of corporate hubs and branch offices to improve the employee experience with interiors, amenities, and services. The company offers complete workspace solutions by combining asset renovation, customized designs, and value-added services to both businesses and individuals. Currently, the company operates 103 centers across 13 cities including seven Tier I cities (Bengaluru, Pune, Chennai, Mumbai, Noida, Gurugram, Hyderabad) and six non-Tier I cities (Coimbatore, Kochi, Madurai, Jaipur, Calicut, Vijayawada), covering 7.76 million square feet of AUM with 172,451 seats. To expand, they added 41 properties to 5 new cities between March 31, 2022, to June 30, 2024. As of June 30, 2024, the company includes 625 permanent employees.
Indiqube Spaces IPO Company Financial Report
The company reported revenue of ₹1,102.93 crores in 2025 against ₹867.66 crores in 2024. The company reported profit of ₹139.62 crores in 2025 against loss of ₹341.51 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹355.24 | ₹579.24 | ₹188.93 | ₹2,283.79 |
| 2023 | ₹601.28 | ₹829.21 | ₹197.90 | ₹2,969.32 |
| 2024 | ₹867.66 | ₹1,252.48 | ₹341.74 | ₹3,667.91 |
| 2025 | ₹1,102.93 | ₹1,260.23 | ₹139.62 | ₹4,685.12 |
Indiqube Spaces IPO Valuation – FY2025
Check Indiqube Spaces IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | 34.21% |
| EBITDA Margin: | 58.20% |
| PAT Margin: | (12.66)% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹(7.65) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | N/A |
| Net Asset Value (NAV): | ₹(0.24) |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Awfis Space Solutions Limited | 9.75 | 66.66 | 14.78% | 64.71 | 1,260.75 Cr. |
Indiqube Spaces IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: indiqubespaces.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Jm Financial Limited
Company Address
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/
Indiqube Spaces IPO – Frequently Asked Questions (FAQs)
What is the Indiqube Spaces IPO?
Indiqube Spaces IPO is a Mainboard Initial Public Offering (IPO) through which the company aims to raise ₹700 crores. The issue is priced in a price band of ₹225 to ₹237 per equity share and will be listed on both the BSE and NSE.
When will the Indiqube Spaces IPO open for subscription?
The IPO will open for subscription on July 23, 2025, and will close on July 25, 2025. It is available for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors.
What is the allocation ratio for different investor categories?
The IPO allocation is structured as follows:
- QIBs: 75%
- NIIs (HNI category): 15%
- Retail Investors: 10%
How can I apply for the Indiqube Spaces IPO?
You can apply through the ASBA (Application Supported by Blocked Amount) facility provided by your bank or via UPI through your broker’s trading platform. Offline applications through brokers using physical forms are also accepted.
What is the issue size of the Indiqube Spaces IPO?
The total issue size is ₹700 crores, which includes a fresh issue of ₹650 crores and an offer for sale (OFS) of 21,09,704 equity shares.
What is the price band of the Indiqube Spaces IPO?
The IPO is priced between ₹225 to ₹237 per equity share.
What is the lot size for the Indiqube Spaces IPO?
The minimum lot size is 63 shares, requiring a minimum investment of ₹14,931 by retail investors.
When is the Indiqube Spaces IPO allotment date?
The basis of allotment will be finalized on July 28, 2025.
When will Indiqube Spaces IPO be listed?
The IPO is scheduled to be listed on the BSE and NSE on July 30, 2025.
