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Indiqube Spaces Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹216.00 | -₹21.00 | -8.86% |
| BSE | ₹218.70 | -₹18.30 | -7.72% |
Indiqube Spaces Subscription
Last updated on 25-Jul-2025 18:53:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 8841772 | 133668801 | 15.12 |
| HNIs | 4420886 | 38532438 | 8.72 |
| HNIs 10+ | 2947257 | 24620652 | 8.35 |
| HNIs 2+ | 1473629 | 13911786 | 9.44 |
| Retail | 2947257 | 40040343 | 13.59 |
| Employees | 69767 | 504378 | 7.23 |
| Total | 16279682 | 212745960 | 13.07 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 3342 | 5608 | 1.68 |
| HNIs (2-10L) | 1671 | 15437 | 9.24 |
| Retail | 46782 | 554789 | 11.86 |
| Employee | - | 5356 | - |
| Total Applications: 581190 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 209.55 | 3167.95 | 15.12 |
| FIIs | - | 1607.52 | - |
| DIIs | - | 553.65 | - |
| Mutual funds | - | 560.85 | - |
| Others | - | 445.93 | - |
| HNIs | 104.77 | 913.22 | 8.72 |
| HNIs 10+ | 69.85 | 583.51 | 8.35 |
| HNIs 2+ | 34.93 | 329.71 | 9.44 |
| Retail | 69.85 | 948.96 | 13.59 |
| Employees | 1.65 | 11.95 | 7.23 |
| Total | 385.83 | 5042.08 | 13.07 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹4.8 | @8% ₹5.5 | @9% ₹6.2 | @10% ₹6.9 | @11% ₹7.6 | @12% ₹8.2 |
Indiqube Spaces Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 63 | 14931 | 46782 |
| sHNI | 14 | 882 | 209034 | 1671 |
| bHNI | 67 | 4221 | 1000377 | 3342 |
Indiqube Spaces Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 8841772 | 54.31% |
| HNI | 4420886 | 27.16% |
| Retail | 2947257 | 18.1% |
| Employee | 69767 | 0.43% |
| Total | 16279682 | 100% |
Indiqube Spaces About
IPO Details
| Total Issue Size | [29535865] shares (aggregating up to 700.00 Cr) |
| Fresh Issue | [27426160] shares(aggregating up to 650.00 Cr) |
| Offer for Sale | [2109705] shares (aggregating up to 50.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 18,25,78,871 shares |
| Share Holding Post Issue | 21,00,05,031 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Key Performance Indicators
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 34.21% | 38.52% | 15.66% |
| RONW | - | -261.43 | - |
| EPS (basic) | -7.5 | -26.09 | -15.28 |
Financial Details In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 4,685.1 | 3,667.9 | 2,969.3 |
| Revenue | 1,102.9 | 867.7 | 601.3 |
| Profit After Tax | -139.6 | -341.5 | -198.1 |
| EBITDA | 660.2 | 263.4 | 258.2 |
| Net Worth | -3.1 | 130.6 | -308.1 |
| Reserves and Surplus | -23.3 | 129.4 | -308.3 |
| Total Borrowing | 344.0 | 164.0 | 623.2 |
Company Overview
Incorporated: 2015
Business: Tech-driven, sustainable managed workplace solutions
Key Highlights
103 centers across 13 cities
7.76 million sq. ft. of AUM with 172,451 seats
Added 41 properties and expanded to 5 new cities (Mar 2022–Jun 2024)
31.67% of portfolio consists of renovated buildings
Presence
Tier I Cities: Bengaluru, Pune, Chennai, Mumbai, Noida, Gurugram, Hyderabad
Non-Tier I Cities: Coimbatore, Kochi, Madurai, Jaipur, Calicut, Vijayawada
Core Offerings
IndiQube Grow: Co-working and flexible enterprise spaces with shared amenities
IndiQube Bespoke: Fully customizable, sustainable premium office designs
IndiQube One: Property and facility management with tech integration
MiQube Technology Stack: App for booking desks, transport, meals, helpdesk, and events
Business Model
Focus on full-building acquisition in high-demand areas
Partnering with landlords to renovate aging assets into modern workspaces
Enterprise-first approach for large, long-term clients
Team
625 permanent employees as of June 30, 2024
Strength
Strong Position in a High-Growth Market: A leading player in India’s expanding flexible workspace segment, catering to both enterprise and SME clients.
Demand-Driven Expansion Strategy: Focused on acquiring full buildings in high-demand locations and transforming underutilized assets into premium workspaces.
Efficient Operations with Scalable Model: Strong operational metrics supported by in-house design, tech integration, and prudent business management practices.
Weakness
Geographic Concentration Risk: Over 90% of revenue comes from Bengaluru, Pune, and Chennai, making the business vulnerable to regional disruptions.
Real Estate Market Sensitivity: Fluctuations in commercial property prices can impact leasing costs and profitability.
Track Record of Losses: The company has incurred losses in recent years and may continue to do so, affecting its financial stability and cash flows.
Indiqube Spaces Latest Announcements
| Date | Subject | Attachment Text |
|---|
Indiqube Spaces Financial Results
Indiqube Spaces Lead Manager(s)
Indiqube Spaces 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 Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083