The company will sell its shares in a fixed price band between ₹225 and ₹237. Investors can bid for a minimum of 63 shares in one lot and in multiples thereof.
The IPO is a combination of fresh issue of equity shares aggregating upto ₹650 crore and and offer for sale component of ₹50 crore.
Under the OFS, promoters Rishi Das and Meghna Agarwal will offload shares worth ₹25 crore each, the company’s Red Herring Prospectus (RHP) showed.
The company plans to use ₹426.6 crore from the fresh issue to fund capital expenditure, ₹100 crore for debt repayment, and the remaining amount for general corporate purposes.
Incorporated in 2015, IndiQube is a workplace technology stack MiQube that provides one-touch access to a variety of services, including booking meeting rooms, ordering meals among others and has surpassed 1 million in transaction volume in FY25.
The company manages 103 centers across 13 cities, covering 7.76 million square feet of AUM with 172,451 seats. Between March 31, 2022, and June 30, 2024, they added 41 properties and expanded to five new cities.
Indiqube Spaces Ltd.’s revenue rose by 27% and profit after tax (PAT) surged by 59% between the financial year ending with March 31, 2025 and March 31, 2024.
ICICI Securities is the book-running lead manager of the Indiqube Spaces IPO, while MUFG Intime India (Link Intime) is the registrar.
The window for anchor investors to bid for the shares will open on July 22.
The allotment for the Indiqube Spaces IPO is expected to be finalised on July 28, while the equity shares will be listed on BSE, NSE with a tentative listing date fixed as July 30, 2025.
