The ₹700-crore book-building initial public offering (IPO) was overall subscribed by 12.33 times with bids for over 21.14 crore shares, compared to 1.71 crore shares on offer on the last day of bidding on Friday.
The mainboard IPO
was open for subscription from July 23 to July 25.
The retail quota of the IPO was booked 12.55 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 8.24 times. The Qualified Institutional Buyers (QIBs) category was booked 14.35 times.
The IPO comprised a fresh issue of 2.74 crore shares, amounting to ₹650 crore, and an offer-for-sale (OFS) component of 21.09 lakh shares, aggregating up to ₹50 crore.
The company has proposed to utilise the proceeds of the IPO to the tune of ₹462.6 crore towards funding capex for setting up new centres, ₹93 crore for repayment and the rest for general corporate purposes.
The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, MUFG Intime India Pvt Ltd (earlier Link Intime).
Steps to check IndiQube Spaces IPO share allotment on BSE:
· Visit the IPO allotment page on the BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
· Select ‘Equity’ as the issue type
· Choose IndiQube Spaces Ltd from the dropdown menu for issue names
· Enter your application number or PAN to proceed
· Click on Search to view your share allotment details
Steps to check IndiQube Spaces IPO allotment on MUFG Intime India:
· Visit the IPO allotment page on the issue registrar’s official website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
· From the dropdown list of company names, select IndiQube Spaces Ltd
· Choose any one of these— PAN, Application Number, DP/Client ID, or Account Number/IFSC
· Enter the required details
· Click on ‘Submit’ to check the allotment status
Investors can also check the IPO share allotment status on the NSE website using their PAN and application number.
The company is scheduled to initiate refunds and transfer of shares to the Demat accounts and on July 29.
Shares of IndiQube Spaces Ltd are scheduled to be listed on the NSE and BSE on Wednesday, July 30.
About IndiQube Spaces
IndiQube Spaces, incorporated in 2015, manages a portfolio of 8.4 million square feet across 115 properties in 15 cities. The company is a leading provider of coworking space solutions backed by technology.
The company serves 769 clients, out of which 44% are Global Capability Centres. It follows an enterprise-first strategy, owing to which 63% of its occupied area comes from clients who have leased over 300 seats.
Its diverse client mix includes Enphase, Myntra, Zerodha, NoBroker, upGrad, Siemens, Juspay, Perfios, Moglix, Ninjacart, Narayana Health and Allegis, among others.
